Ethena fee switch milestone a ‘top priority’ as USDe hits $12bn

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Tim Craig

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Mentions

People	Guy Young
Organizations	Ethena, Uniswap, Chaos Labs, S&P Global

Code	Name
US	🇺🇸United States

Target	Sentiment	Comment
EthenaENA	Bullish	The protocol is nearing the activation of its fee switch, which will benefit ENA token holders.
Ethena	Bullish	USDe's supply has grown significantly, and the protocol's revenues are at their highest since the start of the year.
USDeUSDE	Bearish	Critics warn of risks associated with USDe's backing mechanism, including potential liquidity crunches.