📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Ethena's revenue skyrocketed to 290 million USD, seeking clarity from the SEC on USDe.
Ethena Labs achieved accrued revenue of 290.2 million USD from the protocol on July 9, ranking just behind Tether, Circle, and Sky among stablecoin issuers. This issuer reached 100 million USD in accumulated revenue just 251 days post-launch, becoming the second-fastest protocol to surpass this threshold. The average daily fee reached 3.1 million USD as traders continued to use the USDe token. Ethena generates core revenue from holding futures positions across multiple exchanges. 94% of collateral assets remain on centralized platforms, and 20% of gross fees are used to purchase ENA on the open market. Ethena has met with the SEC to clarify about the “aggregate dollar” USDe, but remains prohibited from retail distribution in America while awaiting official guidance.