Ethena surpassed the largest L1s in fees in October.
The project generated almost $50 million in yield for its users, which is more than:
- Ethereum
- Solana
- Tron
Furthermore, Ethena is in the Top-15 projects by fees for October, underscoring its status as a leader in the industry.
The gap between infrastructure and the end-user product grows every year.
Hundreds of networks have already been built, and it's safe to say that the basic infrastructure is almost ready. The next step is creating sustainable businesses based on Web3.
Ethena is doing just that. It is building a business that brings real value to all parties:
- Users
- Exchanges
- Investors
Products that help solve problems for multiple parties simultaneously have always been the most valuable not only in Web3 but also in Web2.
5.53K
18
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.