Ethena overtakes PancakeSwap and Jupiter with $3.28m daily revenue

Ethena’s daily income has exceeded Pancakeswap and Jupiter, dragging only behind Tether and Circle. After this achievement, ENA increased by 4%.

According to data de Defi Lama, Ethena (This one) increased in the ranks to become the third larger protocol according to daily costs. In the past 24 hours, Ethereum (Ethn) decentralized based on stable The protocol accumulated about $ 3.28 million. These costs were generated from the USDE stablecoin (TO USE).

According to data From Crypto.News, USDE market capitalization amounts to $ 5.4 billion. Meanwhile, its 24 -hour negotiation volume increased 23.6% compared to the day before, reaching $ 63 million. Stablecoin has a circulating offer of 5.4 billion USDE.

However, the protocol based on Ethereum is still the source of stablecoin emitting colleagues (USDT) and circle (USDC) in terms of daily income. At the time of the press, Circle collected $ 6.12 million in fees, while Tether maintains a dominant advance with $ 18.31 million.

Ethena’s daily income exceeds that of major protocols such as Pancakeswap (CAKE), Jupiter (Jupp), Meteora, Uniswap (UNITED) and Tron (Trx). In the past 24 hours, Pancakeswap has won $ 2.54 million in daily income, while Jupiter accumulated $ 1.99 million. The drag is not too far behind Jupiter is meteors with $ 1.89 million and United with $ 1.73 million.

Shortly after the climb of the ranks of Ethena, the native token of the protocol, Ena, acquired more than 4%. The token has reached a market capitalization of almost $ 2 billion and a $ 282 million negotiation volume.

Just a day before, Ethena allocated 200 million dollars for Blackrock Tokenized Us Treasury Fund, Buidl. Last December, the protocol spear Its second stablecoin, USDTB. Supported by Buidl, the USDTB experienced a rapid increase in supply. Unlike conventional stables, the USDTB produces a return, making it an attractive investment option for investors who seek to win a passive income.