indicating that they have a stable core development team and can continue to promote project development. Although the Web3 ecosystem is currently in its infancy

Reconstructing valuation logic: VC’s “paper wealth” and leverage strangulation

It also supports community activities to promote the development of Ethereum

Ethena can now provide backend infrastructure to issuers for both products, with products like Sky, Frax, and Usual leveraging Ethena in their offerings

While its initial valuation is relatively low, with user growth and ecosystem improvement, its future growth space is significant

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