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Ethena's Revenue Surge: Ethena (ENA) experienced a remarkable revenue increase of over 48 times in Q3, with monthly revenue jumping 243% in August, surpassing $500 million in cumulative revenue and boosting ENA's price by more than 7%.
Market Position and Developments: Ethena has positioned itself among the top three DeFi protocols in terms of revenue, generating approximately $36 million weekly, while also expanding its ecosystem with BNB accepted as collateral for the USDe stablecoin and integrating a crypto savings service into the TON wallet.
