Ethena’s stablecoin transfer volume has been rising non-stop with more than $400B
Showing that users are not just holding these stablecoins but actively using them across DeFi.
It moves between DEXs, Lending, LPs, Yield Strategy and Cross-chain bridges.
➥ Higher transfer volume = more real usage, more circulation, and more trust from users.
@ethena_labs is entering the point where it becomes a core liquidity layer for all of Defi

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