Ethena’s TVL Surges to $2 Billion, Will Success Outweigh Sustainability Concerns?

Ethena Protocol (ENA), the project behind the synthetic dollar stablecoin USDe, has catapulted its total value locked (TVL) beyond the $2 billion mark. This significant growth spurt comes amidst a wave of skepticism from seasoned industry experts, echoing concerns reminiscent of the Terra (LUNA) debacle. Experts Voice Their Skepticism on Ethena’s USDe Based on the data from... source: https://beincrypto.com/ethena-tvl-2-billion-experts-skepticism/