Daily fee jumped from 115 to 4 million.
$ENA 0.160, about −3.7%; about 15.8% below the intraday high; Binance spot is about 129 million.
The agreement locks about 4.52 billion, still up about +0.8% quarter-over-quarter.
The fee collection machine is roaring, and the coins are just staying put.
I bet this is “hot” agreement revenue; the rebuttal is only about whether the daily fee can hold onto the million-level.
#Ethena #协议费用