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.