Ethena Surpasses $500M Revenue as Synthetic Stablecoins Surge in Market Share

The synthetic stablecoin sector is accelerating as Ethena Labs announced its Ethena protocol has surpassed $500 million in cumulative revenue, marking a major milestone in the digital asset landscape. According to a statement shared on X by Ethena Labs on Thursday, weekly protocol revenue reached $13.4 million, while the circulating supply of Ethena USDe (USDe) […]