# Ethenas Everyday Earnings Jump to $3.28 Million, Surpassing PancakeSwap and Jupiter
Fueled by excitement, ENA saw a 4% increase after the declaration. Ethena’s everyday earnings have overshadowed those of PancakeSwap and Jupiter, putting itself just after industry leaders Tether and Circle. Cryptocurrency Market Update: Stability Amidst Uncertainty
According to crypto.news, USDE’s market capitalization has gotten to an amazing $5.4 billion. Furthermore, its 24-hour exchanging volume saw a considerable 23.6% climb from the earlier day, coming to $63 million. The flowing stock of the stablecoin is at 5.4 billion USDE.
Ethena’s local token, ENA, saw an increase of more than 4% not long after the protocol’s positioning rose. The token’s market cap is moving toward $2 billion, with a 24-hour exchanging volume of $282 million.
DeFi Llama information uncovers Ethena (ENA) has turned into the third-most elevated acquiring protocol as far as everyday expenses. Throughout the course of the last 24 hours, the Ethereum-based decentralized stablecoin protocol has gathered roughly $3.28 million in income, got from its stablecoin USDE.
Nonetheless, as far as everyday income, the Ethereum-based protocol actually lingers behind stablecoin backers Tether (USDT) and Circle (USDC). As of press time, Circle had gathered $6.12 million in expenses, while Tether kept up with its lead with $18.31 million in income.
Ethena’s everyday income has outperformed that of standard protocols like PancakeSwap (CAKE), Jupiter (JUP), Meteora, Uniswap (UNI), and Tron (TRX). In the beyond 24 hours, PancakeSwap’s everyday income arrived at $2.54 million, while Jupiter’s income remained at $1.99 million. Meteora followed intently behind with $1.89 million in income, while Uniswap produced $1.73 million.
Only the day preceding, Ethena dispensed $200 million to BlackRock’s tokenized U.S. Depository reserve, BUIDL. The protocol sent off its subsequent stablecoin, USDtb, in December of last year. With the help of BUIDL, the inventory of USDtb has encountered quick development.
Unlike conventional stablecoins, USDtb provides an attractive investment path for individuals looking for unearned revenue, as it possesses the ability to produce yields. It’s a fantastic method to gain some additional funds while possessing a steady property!
