The $750M Reward Mirage: Ethena's Funding Rate Dependency Is a Structural Time Bomb
Ethena has distributed over $750 million in rewards since its launch. That...
Flash News
•
MaxMax
•
2026-07-29
Market Prices
| Coin | Price | 24h |
|---|---|---|
|
BTC
Bitcoin
|
$64,100.4 | +0.95% |
|
ETH
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|
$1,866.79 | +0.62% |
|
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|
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|
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|
$8.13 | -0.29% |
Fear & Greed
27
Fear
Market Sentiment
Event Calendar
202628
03
unlock
Arbitrum Token Unlock
92 million ARB released
10
05
upgrade
Ethereum Pectra Upgrade
Raises validator limit and account abstraction
22
03
unlock
Optimism Unlock
Circulating supply increases by about 2%
30
04
upgrade
Celestia Mainnet Upgrade
Improves data availability sampling efficiency
08
04
upgrade
Solana Firedancer
Independent validator client goes live on mainnet
18
03
unlock
Sui Token Unlock
Team and early investor shares released
15
04
halving
Bitcoin Halving
Block reward reduced to 3.125 BTC
12
05
halving
BCH Halving
Block reward halving event
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43
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All →
1
Bitcoin
BTC
$64,100.4
1
Ethereum
ETH
$1,866.79
1
Solana
SOL
$73.7
1
BNB Chain
BNB
$598.9
1
XRP Ledger
XRP
$1.07
1
Dogecoin
DOGE
$0.0700
1
Cardano
ADA
$0.1919
1
Avalanche
AVAX
$6.66
1
Polkadot
DOT
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1
Chainlink
LINK
$8.13
🐋 Whale Tracker
🟢
0x7195...87b4
1h ago
In
4,567,279 USDC
🔴
0x5830...7796
12m ago
Out
4,363,194 USDC
🔵
0xb20b...a4b4
1d ago
Stake
12,442 BNB
💡 Smart Money
0x113c...113f
Institutional Custody
+$0.5M
61%
0x152b...897b
Institutional Custody
+$4.1M
95%
0x220f...1c22
Institutional Custody
+$3.5M
62%
#Ethena
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Hook USDe supply peaked at $3.6B in March 2024. Today it sits at $2.8B. That'...
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2026-07-24