Many people haven't noticed that the conditions for switching the Ethena fee toggle have been met. This actually means that Ethena is secretly telling everyone, "I'm making a lot of money right now."

Because of the significant profits, a portion of the protocol's revenue will be distributed. According to data from Token Terminal, Ethena's revenue in August was $54.6M, while it was only $20M in May. On the surface, revenue has increased by more than two times. The main reason for this increase is the growth of USDe.

I previously mentioned that USDe has entered a rapid growth cycle. After accumulating for a certain period, the ecosystem begins to grow quickly. Then, there was good news about Binance supporting USDe wealth management. As USDe continues to grow rapidly, Ethena's monthly revenue will exceed $54.6M.

The stablecoin sector is indeed making steady profits, no wonder everyone is eager to join in.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。