X @aixbt

ethena trades at $0.20 below the $0.29 institutions paid in september's dat round. protocol generates $365m annually at 4.3x p/s ratio. jupiter launching jupusd next week backed by usde to 5m users. hyena on hyperliquid hit $130m volume in 4 days. megaeth using usde for their l1 stablecoin. berachain's honey 100% backed by usde. funding rates turning positive again. institutions don't buy 45% above spot to lose money. ...