@LyraQuinne Hey my dear fren 🤍
How are you?🥰
X had limited me for a while, and after that, honestly, I didn’t have enough energy to keep going.
I’m trying to get back like before
HyENA’s first week has been genuinely impressive.
Rapid user onboarding, strong trading volume, and meaningful open interest all point to real demand, not artificial activity.
Just one week after the launch of one of @ethena ecosystem products called HyENA,
in my opinion, the numbers look incredibly strong.
Let’s take a closer look. I believe we are currently in a perp DEX supercycle, and HyENA has the potential to become a leading player in this sector very soon.
Now, let’s break down the data:
• 3.3K+ total users in less than a week
• 3.4K+ new users added in the first days after launch
• ~$129M in total trading volume
• $100M+ in volume reached within the first week
• ~$18.4M in open interest, showing active participation from traders
• ~$2.5M in total liquidations, reflecting real trading activity and risk transfer
For a newly launched perpetual DEX, these metrics indicate rapid adoption and strong early traction.
When combined with USDe liquidity and Ethena’s broader infrastructure, HyENA doesn’t look like a standalone product. It feels like a core execution layer within the Ethena ecosystem, designed to scale with onchain derivatives demand.
If this momentum continues, HyENA could quickly establish itself as a major player in the current market cycle.
Backed by Ethena’s liquidity and infrastructure, this feels less like a standalone product and more like a core execution layer for onchain perps.
If momentum holds, HyENA could become a serious contender this cycle.
@0xUncleB@ethena HyENA’s launch looks genuinely impressive these numbers suggest a serious product with strong early traction, not just a typical hype driven release.