Top trader Eugene NgAhSio posted on social media that Ethena is the fastest-growing DeFi product in history. It expanded its revenue stablecoin to $3 billion within a few months, and since its inception, no other stablecoin has grown as rapidly as USDe. The first chapter of Ethena's story focuses on building a secure, high-quality stablecoin. It has withstood the test of extreme market volatility and now aims to compete for the biggest prize in cryptocurrency - Tether's $160 billion market share. At this point, Ethena began to transition from DeFi native stablecoins to a legitimate stablecoin competitor with superior value propositions and significantly improved distribution channels. @sewijuga