Recently, the decentralized finance platform Ethena has reported good news. The protocol has generated over $500 million in interest income for users, demonstrating a strong rise momentum.

Data shows that in just the past week, Ethena has generated $13.4 million in earnings for users. At the same time, the platform's new dollar minting scale reached $670 million, pushing the total supply of the USDe stablecoin to a historic high of $11.7 billion.

It is worth noting that the annualized yield of the sUSDe token on the Ethena platform is maintained at around 9%, which is quite attractive to users. This considerable yield is likely one of the important factors driving the rapid rise of the platform.

As Ethena's influence in the Decentralized Finance space continues to grow, industry insiders generally believe that this platform is expected to play a more significant role in the future DeFi ecosystem. However, investors still need to carefully assess risks and weigh returns against potential risks when participating.