$ENA Ethena will launch its own L1 application chain in 2025, which will provide a "permanent and spot exchange built on its own application chain, running its entire order book, and embedding sUSDe and native rewards." @derivexyz also plans to launch, offering options and other structured products.
This means that a market value of hundreds of billions is not a dream, aligning with financial banking, plus the mainnet, building its own exchange, truly, with money, anything can be built.