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by: xpoolPosted on: November 24, 2025

Ethena Protocol Secures $600 Million in Fees, Driving Impact in DeFi Markets

Ethena, a DeFi yield-bearing stablecoin protocol launched in late 2023, has recently generated over $600 million in fees. This achievement underscores the protocol’s rapid growth and significant impact on the DeFi ecosystem. The success is driven by its USDe stablecoin integration and programmable dollar concept led by CEO Guy Young.

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