Ethena’s USDe yield is currently offering over 67% APY for investors.
Ethena has become the highest-earning decentralized application (DApp) after breaching $6.8 million in daily cumulative revenue over the past week, according to a March 8 X post by Seraphim Czecker, head of growth at Ethena Labs.
The only blockchains surpassing Ethena’s revenue were Tron, with $38.6 million, and Ethereum, with a $182.5 million daily cumulative revenue over the past seven days.
Ethena currently offers a 67.2% yield on its USDe synthetic dollar to over 350,000 users, according to its homepage. The market cap of Ethena’s USDe rose 43% over the past week and 409% over the past month to $840 million, according to DefiLlama data.
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Source: https://cointelegraph.com/news/ethena-highest-earning-dapp-crypto