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Ethena is the sixth Decentralized Finance protocol to surpass 10 billion USD in TVL.
BlockBeats news, on August 12, Tom Wan, a strategy analyst at 21.co, posted on social media stating, "Ethena has become the sixth DeFi protocol to surpass a TVL of 10 billion USD, and is the second non-staking DeFi protocol to reach this milestone after Aave." According to Dune data, Ethena's current TVL is 11.893 billion USD, and the sUSDe APY is 4.72%.