Ethena Sees $1B Inflows as Crypto Rally Brings Back Double-Digit Yields

Ethena's USDe yield-bearing token attracted around $1 billion in new capital over the past month, climbing to a market capitalization of $3.44 billion, only 5% below its record of $3.6 billion.

Now, as crypto markets turn red-hot, with BTC breaking multiple all-time records, Ethena offers a 29% annualized yield to holders who stake their tokens.

Read at Coindesk