Post #7504

💠 Ethena prepares fee switch activation Ethena’s $USDe supply surged 42% in the past month to an all-time high of $12.43B, with record August revenues of $61M. ➡️ Two of three conditions for the fee switch are already met: ➡️ $USDe supply above $6B ➡️ Protocol revenue above $250M ➡️ The last milestone is $USDe integration on 4 of the top 5 derivatives exchanges Once triggered, the fee switch will allow $ENA holders to share protocol revenues for the first time. A key shift from growth mode to value accrual. 🫡Powered by Venture Capital