According to DeFiLlama data, since October 11th, Ethena TVL has decreased from $14.305 billion to $6.551 billion, a drop of over 50%. Ethena TVL is mainly composed of USDe, which, according to @EntropyAdvisors data dashboard, has experienced over $8 billion in net redemptions since October, including an all-time high of over $5 billion in net redemptions in October.
Data: Ethena's TVL decreased from $14.305 billion to $6.551 billion, a drop of over 50%.
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