Ethena (ENA) has experienced a significant price increase, trading at $1.08 USD as of December 12, 2024, marking a 24.7% rise in the past 24 hours.
Key Developments:
Revenue Milestone: Ethena's synthetic USDe protocol generated $19.41 million in revenue last week, surpassing Ethereum's $11 million, highlighting Ethena's growing prominence in the DeFi sector.
Fee-Sharing Adoption: The Ethena Foundation has implemented Wintermute's proposal to distribute the protocol's fee revenues among ENA tokenholders, potentially enhancing investor interest and token value.
Market Performance:
Over the past 30 days, ENA has appreciated by 124%, reflecting strong market confidence.
Future Outlook:
With the adoption of the fee-sharing model and robust revenue generation, Ethena is well-positioned for sustained growth. Investors should monitor these developments and market trends to make informed decisions.
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