Why is ENA the hope of the entire VC village?
First of all, Ethena is one of the few blockchain projects with stable income. Since income and profit are the key, we can list a small number of newly built projects on the chain that have income in the current currency circle (excluding exchanges and mining machine production). These projects include Base, Lido, Aerodrome, Ethena, Solana, Maker, Tron, ETH, and some DeFi protocols such as UNI and Aave.
We can roughly divide these projects into three categories:
The first category is active public chains such as ETH, Solana and Base, which earn income by charging GAS fees. With the influx of a large number of traditional network users into WEB3, such public chains are expected to achieve rapid growth, but the specific time remains to be seen.
The second category is protocols that provide basic DeFi services, such as Lido, Aerodrome, UNI and Aave. These protocols earn income by increasing service fees, for example, Lido gets 10% from users' staking rewards. The real explosion of this type of protocol needs to rely on the growth of the first type of public chain. When the number of basic users is bound to increase, their income can achieve an amazing qualitative leap, and the current growth potential is still limited.
The third category is projects focusing on stablecoin business, such as Tron, Maker and Ethena. Their income is not only stable, but also has the above upper limit, showing greater potential.
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