EYO $ENA Hodlers!! We all saw a HUGE jump in USDe supply, growing a whopping 17.4% from $2.36 billion to a sizzling $2.77 billion in the past month! 🚀 That's something to celebrate! ❗️But here's the thing: it seems most USDe isn't being used all that often for transactions yet. 🤷👇

According to TheBlock, USDe is currently in 4th place out of 5 major stablecoins in terms of "velocity." Basically, this means how often USDe tokens are actually being moved around. Back in April, USDe was rocking 2nd place with a velocity of 0.022, but now it's down to 0.0097. 📉😕

What's the deal? 🤷

(1) New kid on the block: USDe might be newer than big names like DAI and USDT, so it's still getting its name out there. 👶

(2) Yield fest: Maybe folks are holding onto USDe for that juicy 30%+ APY on staked tokens, rather than spending it. 🔒

(3) Everyday use: DAI and USDT might be seeing more action for daily purchases or in DeFi platforms.

The good news? 😉

🔘 Higher yields and new partnerships could bring in more users and get USDe moving!

🔘 More adoption means USDe could become a bigger player in everyday transactions.

🔘 Don't forget the upcoming USDe spot pair integration! This allows users to trade USDe on various crypto pairs, potentially increasing its use cases and overall transaction volume.

USDe's got potential, but it still needs some time to gain traction. Keep an eye on how USDe's velocity changes as it grows! Remember, DYOR! 💻💪 #altcoins #ENA