{ }
001122334455554433221100
001122334455554433221100

ethena stablecoin usde reaches six billion market cap and strong revenue growth

Ethena Labs' USDE stablecoin has rapidly ascended to a nearly $6 billion market cap, generating over $250 million in revenue since its February 2024 launch. Utilizing a delta-neutral strategy and backed by real collateral, USDE distinguishes itself from past failures like TerraUSD, attracting significant investor interest in a market dominated by Tether and USDC. With diverse revenue streams and strong support from platforms like Solana, USDE is positioned as a key player in the evolving stablecoin landscape.

hyperliquid experiences one billion dollar tvl drop amid north korean hacking fears

Hyperliquid's total value locked (TVL) has dropped by over $1 billion, a 35% decline, amid concerns of North Korean hacking activities. This has led to a 20% decrease in the platform's native token value and significant withdrawals, including a $70 million USDC outflow in one day. Security experts warn that North Korean hackers may be preparing for a larger attack after testing the platform, which has already resulted in losses of approximately $701,000.
13:34 23.12.2024
Trending
Subcategory
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.