šĀ $ENA 2025: Bigger, Bolder, and Ready to Shake Up the System!
Hey, crypto fam! Letās talkĀ #Ethena Ā āthe protocol that went from zero to hero in 2024 and now has its sights set on making internet money the new norm. Hereās a fun and digestible recap of what Guy Young, Ethenaās founder, just shared about their insane growth and even crazier plans for 2025.
2024 Recap: From New Kid to Power Player šš
š Big Numbers:
ā¶ļøĀ $6Ā billion in #USDe supply within 10 months (yeah, billion).
ā¶ļø Fastest toĀ $5BĀ supply in crypto history.
ā¶ļøĀ $1.2B annualized revenueā2nd fastest startup toĀ $100MĀ behind onlyĀ Ā pump.fun.
ā¶ļø Highest revenue per employee in the crypto space.
Fun Fact: In just weeks,Ā $USDeĀ flippedĀ $USDC Ā balances on Bybit. TradFi and DeFi are eating this up like their favorite meme coin.
Whatās Next for 2025? š¤šŖš
1ļøā£TradFi Meets DeFi
ā Ethena is launching iUSDe, a TradFi-ready version of USDe, for hedge funds, asset managers, and other suits to jump in without touching the crypto rollercoaster.
ā Imagine a 20% APY dollar product going head-to-head with ETFsāthe TradFi big leagues are about to get spicy.
2ļøā£Macro Tailwinds
ā“ļø Falling rates mean higher yields for Ethenaās sUSDe.
ā“ļø With rates dropping, the allure of crypto-native returns will attract traditional finance like moths to a flame.
3ļøā£Telegram Goes Neobank: Ethenaās building a Telegram-based app for payments and savings. Think Apple Pay + sUSDe = the easiest way for 1B users to save and spend.
The Bigger Vision šš¤ļøš: Ethenaās not stopping with just stablecoins. Theyāre crafting a DeFi ecosystem where:
ā¶ļø sUSDe becomes the backbone of trading, lending, and structured products.
ā¶ļø New platforms like Ethereal (a trading app) and Derive (options and structured products) innovate using Ethena as their core.
š” TL;DR: #ENA crushed 2024, and theyāre gearing up to dominate TradFi, DeFi, and everything in between. So buckle upāitās gonna be a wild ride! š