DeFi+L1L2 Update: Ethereum, Drift, Ethena

Summary

The Upside shares a DeFi+L1L2 brief covering major shifts: Ethereum's share of non-USD stablecoins fell to 65%, Drift Protocol suffered a $280M exploit, and Ethena partnered with Anchorage and Maple Finance to restructure USDe reserves. This matters for liquidity, risk and protocol stability in the community.

DeFi+L1L2 Update:

🔽 Ethereum’s share of non-USD stablecoin supply fell to 65%
🚨 Drift Protocol suffered a $280 million exploit
🤝 Ethena partnered with Anchorage and Maple Finance to restructure its USDe reserves

Full details 👇
https://crypto.com/market-updates/defi-l1l2-weekly-2026-04-09?utm_source=x&utm_medium=social&utm_campaign=rni_defi-l1l2

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defi ethereum stablecoins drift protocol ethena usde exploit anchorage maple finance

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