The every day revenue of Ethena has surpassed pancakes and Jupiter, solely behind Tether and Circle behind. After this efficiency, ENA rose by 4%.
In accordance with Knowledge from Defi Lama, Ethena (ENA) has risen as a result of ranks to turn out to be the third largest protocol with every day prices. Within the final 24 hours, the Stablecoin protocol primarily based on Ethereum (ETH) has collected round $ 3.28 million. These reimbursements have been generated from the Stablecoin Usde (Usde).
In accordance with knowledge from crypto.information, the market capitalization of Usde is $ 5.4 billion. Within the meantime, the commerce quantity of 24 hours has risen by 23.6% in comparison with the day before today and as much as $ 63 million. The Stablecoin has a circulating inventory of 5.4 billion.
Nevertheless, the protocol primarily based on Ethereum continues to be behind fellow stablecoin-emendent Tether and Circle (USDC) when it comes to every day revenue. On the time of the press, Circle collected $ 6.12 million in reimbursements, whereas Tether maintains a formidable lead with $ 18.31 million.
Ethena rises to 3rd place as a consequence of Day by day Income, March 14, 2025 | Supply: Defi Lama
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The every day revenue of Ethena surpasses that of vital protocols similar to pancake wap (cake), Jupiter (Jup), Meteora, Uniswap (Uni) and Tron (TRX). Within the final 24 hours, Pancakeswap has received $ 2.54 million in every day gross sales, whereas Jupiter has collected $ 1.99 million. Word behind Jupiter chases Jupiter Meteora with $ 1.89 million and uniswap by $ 1.73 million.
Shortly after the rise of Ethena within the ranks, the native token of the protocol, ENA, received greater than 4%. Token has achieved market capitalization of virtually $ 2 billion and a commerce quantity of 24 hours of $ 282 million.
Solely a day earlier, Ethena assigned $ 200 million to BlackRock’s tokenized US Treasury Fund, Buidl. Final December the protocol launched its second Stablecoin, USDTB. Supported by Buidl, USDTB has seen a quickly elevated supply. In distinction to the standard stablecoins, USDTB produces yield, making it a gorgeous funding choice for traders who wish to obtain passive revenue.
Learn extra: Ethena is formally launching USDTB, Stablecoin supported by BlackRock