Key Takeaways Ethena Labs' dApp, Ethena, emerges as the top-earning decentralized application, with weekly revenue of $6.8 million, only trailing Tron and Ethereum. USDe, Ethena's synthetic dollar, boasts a significant yield of 67.2% for its users, contributing to a remarkable increase in its market cap to $840 million. The project has overcome initial skepticism related to high yields, securing substantial funding and establishing a robust, verifiable yield generation model, distinguishing it from past industry failures.
