Ethena has crossed the 10 billion USD TVL threshold, currently standing at 11.89 billion USD. This achievement highlights the robustness of non-staking DeFi protocols and positions Ethena as a significant player in the market.
Market responses have been favorable, reflecting strong investor sentiment. With a sUSDe APY of 4.72%, Ethena’s success may encourage more exploration in non-staking models, impacting future developments within the DeFi landscape.
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