Terminal Finance Tops $280M in Deposits Ahead of Launch

Ethena’s primary decentralized exchange (DEX), Terminal Finance, has exceeded $280 million in pre-deposit total value locked (TVL) ahead of its planned launch later this year. The platform aims to become a key venue for trading yield-bearing stablecoins and institutional assets. Pre-Launch Activity and Platform Design The exchange is expected to go live by year-end, with its token generation event (TGE) scheduled to occur around the same period.  While Terminal Finance operates independently, it serves as Ethena’s primary DEX, integrating assets such as USDe, sUSDe, and USDtb, the latter backed by BlackRock’s BUIDL fund. At launch, Terminal Finance DEX will

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