Ethena, a protocol in the cryptocurrency space, has generated over $4m in revenue within a month of its launch, showcasing significant financial success. Concurrently, the protocol witnessed a record in daily trading volume, surpassing the $100M mark for the first time, attributed partly to the launch of Ethena USDe. The USDe supply has experienced a rapid increase, growing by 130% to reach 550m in just 10 days. Additionally, Ethena's revenues saw a spike, with approximately $2.2m generated in a single day. Ethena Labs has emerged as a formidable contender in the stablecoin market, with its supply already surpassing $500 million and targeting $1B by March 2024. The protocol's adoption strategy includes utilizing points to encourage usage, aligning with current market trends.