Ethena is the sixth DeFi protocol to surpass $10 billion TVL

By: theblockbeats.news|2025/08/12 08:41:35

BlockBeats News, August 12, 21.co's Strategy Analyst Tom Wan posted on social media saying, "Ethena has become the sixth DeFi protocol to surpass $10 billion TVL, and it is the second non-staking DeFi protocol to reach this milestone after Aave."

According to Dune data, Ethena's current TVL has reached $11.893 billion, with an sUSDe APY of 4.72%.