Ethena Protocol Surges In Stablecoin Supply And User Adoption

Ethena Protocol Surges In Stablecoin Supply And User Adoption

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Source: TheMerkle.com

The Ethena protocol has experienced impressive growth in 2024, particularly in the supply of its stablecoin, USDe. Beginning the year with a supply of 1.3 billion, USDe’s supply has surged to 3.5 billion by July.

This remarkable increase highlights the protocol’s promise of high returns to its users.

The rise in active addresses for USDe, ENA, and SUDE further underscores Ethena’s growing popularity. USDe’s active addresses skyrocketed from just 8

Read More https://themerkle.com/ethena-protocol-surges-in-stablecoin-supply-and-user-adoption/

The post "Ethena Protocol Surges In Stablecoin Supply And User Adoption" appeared first here TheMerkle.com.

Source: TheMerkle.com

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