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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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Ethena Labs TVL Surges to $7.72 Billion, Reaching Record High
Gate News bot message, Ethena Labs has achieved a significant milestone as its Total Value Locked (TVL) reached $7.72 billion, representing over 40% growth since July 1.
The project's stablecoin USDe maintains a dominant position, accounting for 73% of the total assets. This substantial growth has positioned Ethena as the 8th-ranked project by TVL across the cryptocurrency ecosystem.
The platform's expansion coincides with the upcoming launch of stablecoin_x, marking a notable development in Ethena's ecosystem.