The daily income of Ethena has surpassed pancakes and Jupiter, only behind Tether and Circle behind. After this performance, ENA rose by 4%.
According to Data from Defi Lama, Ethena (ENA) has risen due to the ranks to become the third largest protocol with daily costs. In the last 24 hours, the Stablecoin protocol based on Ethereum (ETH) has collected around $ 3.28 million. These reimbursements were generated from the Stablecoin Usde (Usde).
According to data from crypto.news, the market capitalization of Usde is $ 5.4 billion. In the meantime, the trade volume of 24 hours has risen by 23.6% compared to the previous day and up to $ 63 million. The Stablecoin has a circulating stock of 5.4 billion.
However, the protocol based on Ethereum is still behind fellow stablecoin-emendent Tether and Circle (USDC) in terms of daily income. At the time of the press, Circle collected $ 6.12 million in reimbursements, while Tether maintains an impressive lead with $ 18.31 million.
Ethena rises to third place due to Daily Revenue, March 14, 2025 | Source: Defi Lama
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The daily income of Ethena surpasses that of important protocols such as pancake wap (cake), Jupiter (Jup), Meteora, Uniswap (Uni) and Tron (TRX). In the last 24 hours, Pancakeswap has won $ 2.54 million in daily sales, while Jupiter has collected $ 1.99 million. Note behind Jupiter chases Jupiter Meteora with $ 1.89 million and uniswap with $ 1.73 million.
Shortly after the rise of Ethena in the ranks, the native token of the protocol, ENA, won more than 4%. Token has achieved market capitalization of almost $ 2 billion and a trade volume of 24 hours of $ 282 million.
Only a day earlier, Ethena assigned $ 200 million to BlackRock’s tokenized US Treasury Fund, Buidl. Last December the protocol launched its second Stablecoin, USDTB. Supported by Buidl, USDTB has seen a rapidly increased delivery. In contrast to the conventional stablecoins, USDTB produces yield, making it an attractive investment option for investors who want to achieve passive income.
Read more: Ethena is officially launching USDTB, Stablecoin supported by BlackRock
