The newly launched Ethena market on Kamino reached more than $425 million in supplied assets during its first day, highlighting strong early user participation in a crypto lending market.
The Ethena market on Kamino recorded more than $425 million in supply within 24 hours of launch, according to the source post. The figure points to a strong initial response from users allocating assets to the new market. In crypto lending, supply typically refers to assets deposited into a platform so they can be lent out or used within money market functions, making early deposit growth a key signal of launch traction and liquidity depth.