Ethena rockets to $290 million in revenue, seeks SEC clarity on USDe

Ethena Labs reached $290. 2 million in total protocol revenue on July 9, trailing only Tether, Circle, and Sky among stablecoin issuers. Token Terminal data show that the stablecoin issuer reached $100 million in cumulative revenue 251 days after its launch, making it the second-fastest protocol to cross this threshold. Daily fees averaged $3 source: https://cryptoslate.com/ethena-rockets-to-290-million-in-revenue-seeks-sec-clarity-on-usde/