“LISTING The PROTOCOL’S USDE TOKEN on Major Exchanges Like Binance is a Key Requirement to Enable a Mechanism to Share Protocol Revenues with Token Holders.”, – WRITE: www.coindesk.com
The Token Hit 87 CENTS IN THE EARLY HOURS, Advanceing 8.3% Over The Past 24 Hours, Coindesk Data Shows. I Up over 20% in a week.
The Latest Surge Occurred As Binance, The Largest Crypto Exchange by Volume, SAID ON EARLY TUESDAY IT WILL INTRODUCE TRADING WITH USE Wednesday.
LISTING The TOKEN ON TOPE Exchanges is a key requirement for ethena to enable the fee switch mechanism, Sharing Protocol Profits with Ena Token Holders. The Protocol Made $ 54 Million in Revenues Last Month and Over $ 480 Million Since ITS LAUNCH IN LATE 2023, Token Terminal Data Shows.
“With the Binance USDE LISTING ENA FEE Switch is Going to Get Turned On. That UnLOKS $ 500M OF BUYBACS
Ethena catalystsBESIDES The LISTING, THERE’S BEEN A LOT GOING FOR ETHENA RECENTLY.
Ethena’s USDE TOKEN MUSHROOMED TO NEARLY $ 13 Billion from $ 5.5 Billion In-Mid July as Crypto Investory Chase Yields. USDE, Marketed As A “Synthetic Dollar,” Uses Bitcoin BTC$ 112.640.82ETHER (ETH) and Solana’s Sol (Sol) As Backing Assets, Pairing Them With An Equal Value of Short Perpetual Futures Positions.
The Strategy Generates Revenue on It Backing Derivative Assets When the Perpetual Funding Rates Are Positive and Passes on the Income As Yield to Investory. USDE Currently Pays Out 6.5% Annualized Yield for Those Who Stake their Tokens, Higher than Traditional Money Market Funds and USDC, USDT Lending Rates on Defi Lender Aave.
Ethena is Also Taking Part in the Digital Asset Treasury FEVER THAT’S CAPTIVATING STOCK Markets. Stablecoinx and Tlgy, Two Firms About to Merge and Get Listed on Nasdaq, Raissed $ 530 Million to Accuumulate Ena Tokens As A Public Vehicle.
The Protocol Also Participate in the Booming Stablecoin Issuance Business. I Launcing the Native Stablecoin for Ethereum Scaling Network Megath and Hinted at Entering the Competition to Issue Popular Derivative Exchange Hyperliquauid’s UpcomyComer.
Read More: Crypto for Advisors: The Mechanics of Generation Yield on-Chain
HBAR Posts Sharp Gains in 23-Hur SESSION. Token Climbs from $ 0.22 to $ 0.23. Volume Surges 124% Above Daily Average.
- HBAR SURGED 4.4% IN A 23-HUR Rally, Breaking Resistance at $ 0.2280 On Massive Institutional Buying and Spiking Volumes.
- Trading Activity Soared 124% Above Daily Aves, Confirming Accuumulation As Prices Peked At $ 0.234.
- Gains Quickly Reversed As Profit-Taking Hit, With Sharp Sell Pressure Dragging HBAR BACK TOWARD $ 0.233.
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