Ethena has posted a single-digit FDV/Fee ratio for the 2nd consecutive month. USDe supply grew to $14B at its peak, and pulled back to $6B through multiple rounds of expansion and contraction. One key highlight that people often miss is that Ethena has now been stress-tested across several market downturns and has come out the other side. Ethena is here to stay and build for the long-run.

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments