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Ethena's USDE Yield Hits 67%, Outpacing most Stablecoin Returns
According to the most recent figures, Ethena’s USDE now boasts an APY of 67.2%, positioning it among the top annual percentage rates within the realm of stablecoin decentralized finance (defi). Furthermore, the supply of this stablecoin has expanded significantly, increasing by 414.6% in the last 30 days.
Rapid Growth for Ethena’s USDE
Currently, Ethena’s USDE ranks as the sixth largest stablecoin by market capitalization, a status achieved through a 414.6% increase in supply over the past 30 days, bringing its market value to $838.75 million. Similar to FDUSD, it has quickly become a notable player, experiencing swift growth since its launch.
USDE currently trails behind TUSD in market capitalization, requiring an addition of $451.25 million to its supply to overtake TUSD. Ethena’s stablecoin also reached an important milestone in annual percentage yield (APY), which is 67.2% as of now. Ethena Finance has grown its user base to 350,000, with the total value locked (TVL) at $840.6 million.
Ethena’s rapid rise in the stablecoin market, marked by its substantial 67.2% APY and a 414.6% increase in supply, underscores the dynamic nature of stablecoins within decentralized finance. As it nears TUSD’s market cap with a growing base of over 350,000 users, Ethena’s performance and yield strategy might shift the paradigms of stablecoin utility and investment approaches in the sector.
#TrendingTopic #views #cryptomummy #sanor016CommUNITY #TrendingTopic
According to the most recent figures, Ethena’s USDE now boasts an APY of 67.2%, positioning it among the top annual percentage rates within the realm of stablecoin decentralized finance (defi). Furthermore, the supply of this stablecoin has expanded significantly, increasing by 414.6% in the last 30 days.
Rapid Growth for Ethena’s USDE
Currently, Ethena’s USDE ranks as the sixth largest stablecoin by market capitalization, a status achieved through a 414.6% increase in supply over the past 30 days, bringing its market value to $838.75 million. Similar to FDUSD, it has quickly become a notable player, experiencing swift growth since its launch.
USDE currently trails behind TUSD in market capitalization, requiring an addition of $451.25 million to its supply to overtake TUSD. Ethena’s stablecoin also reached an important milestone in annual percentage yield (APY), which is 67.2% as of now. Ethena Finance has grown its user base to 350,000, with the total value locked (TVL) at $840.6 million.
Ethena’s rapid rise in the stablecoin market, marked by its substantial 67.2% APY and a 414.6% increase in supply, underscores the dynamic nature of stablecoins within decentralized finance. As it nears TUSD’s market cap with a growing base of over 350,000 users, Ethena’s performance and yield strategy might shift the paradigms of stablecoin utility and investment approaches in the sector.
#TrendingTopic #views #cryptomummy #sanor016CommUNITY #TrendingTopic
#Mark Cuban: Bitcoin Demand to Outpace Supply, BTC Is a Great Store of Value
Billionaire investor Mark Cuban, a minority owner of the National Basketball Association (NBA) team Dallas Mavericks, expects the price of bitcoin to go up due to the supply-demand dynamic. “I do feel that the demand is going to exceed the number of people selling,” he explained, adding that bitcoin is “a great store of value.”
Mark Cuban Explains Why He Invests in Bitcoin
Billionaire investor Mark Cuban shared why he invests in bitcoin on CNBC Monday. Cuban is a Shark Tank star and a minority owner of the National Basketball Association (NBA) team Dallas Mavericks.
When asked how much of his portfolio is in cryptocurrency, Cuban replied: “I don’t even know how much, but it’s happy. Bitcoin, in particular. Ether … ETH to a smaller extent.” He explained: “Bitcoin is just driven by supply and demand. There’s only going to be 21 million of them #BTC.😉. #sanoor016Coomunity #growlonix #views #TrendingTopic:
Billionaire investor Mark Cuban, a minority owner of the National Basketball Association (NBA) team Dallas Mavericks, expects the price of bitcoin to go up due to the supply-demand dynamic. “I do feel that the demand is going to exceed the number of people selling,” he explained, adding that bitcoin is “a great store of value.”
Mark Cuban Explains Why He Invests in Bitcoin
Billionaire investor Mark Cuban shared why he invests in bitcoin on CNBC Monday. Cuban is a Shark Tank star and a minority owner of the National Basketball Association (NBA) team Dallas Mavericks.
When asked how much of his portfolio is in cryptocurrency, Cuban replied: “I don’t even know how much, but it’s happy. Bitcoin, in particular. Ether … ETH to a smaller extent.” He explained: “Bitcoin is just driven by supply and demand. There’s only going to be 21 million of them #BTC.😉. #sanoor016Coomunity #growlonix #views #TrendingTopic:
Hope everyon be in profit
Are you in profit or no say for us
#BTC #sanor016CommUNITY #growlonix #views #TrendingTopic
Are you in profit or no say for us
#BTC #sanor016CommUNITY #growlonix #views #TrendingTopic
Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market's Surge
As the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply.
From $300K to $100 Billion: Tether’s Meteoric Rise
Tether (USDT), the top fiat-linked digital currency, has reached a market capitalization worth $100 billion as of March 5, 2024. Data indicates that USDT’s supply has witnessed a 4% increase in just the past month, and since Jan. 1, 2024, the supply of the dollar-tied coin has expanded by 8.27 billion.
According to an archive of Tether’s transparency page, there are now 100,044,694,548 USDT tokens circulating. A staggering 99.81% of this total supply is predominantly distributed across Tron and Ethereum, with Tron holding 53.81 billion and Ethereum home to 46 billion USDT tokens.
The remainder of USDT’s circulation is spread across various other blockchain platforms, with Solana trailing behind Ethereum. Tether reports that Solana hosts 1.88 billion USDT, while Avalanche has recorded the issuance of 1.04 billion tether tokens
#USDT? #TrendingTopic #sanoor016Coomunity #views #like_and_share
As the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply.
From $300K to $100 Billion: Tether’s Meteoric Rise
Tether (USDT), the top fiat-linked digital currency, has reached a market capitalization worth $100 billion as of March 5, 2024. Data indicates that USDT’s supply has witnessed a 4% increase in just the past month, and since Jan. 1, 2024, the supply of the dollar-tied coin has expanded by 8.27 billion.
According to an archive of Tether’s transparency page, there are now 100,044,694,548 USDT tokens circulating. A staggering 99.81% of this total supply is predominantly distributed across Tron and Ethereum, with Tron holding 53.81 billion and Ethereum home to 46 billion USDT tokens.
The remainder of USDT’s circulation is spread across various other blockchain platforms, with Solana trailing behind Ethereum. Tether reports that Solana hosts 1.88 billion USDT, while Avalanche has recorded the issuance of 1.04 billion tether tokens
#USDT? #TrendingTopic #sanoor016Coomunity #views #like_and_share
Bitcoin bursts above $65,000, record high comes into view
The largest cryptocurrency by market value has gained 50% this year and most of the rise come in the last few weeks where inflows into U.S.-listed bitcoin funds have surged.
#BTC #sanoor016Coomunity #growlonix #views #TrendingTopic:
The largest cryptocurrency by market value has gained 50% this year and most of the rise come in the last few weeks where inflows into U.S.-listed bitcoin funds have surged.
#BTC #sanoor016Coomunity #growlonix #views #TrendingTopic:
Bitcoin’s market value touches record as token’s price nears all-time high
The market cap of Bitcoin reached $1.35 trillion, scaling the peak of $1.28 trillion from November 2021, CoinGecko data shows. That was the month the token jumped to $68,991.85 at the apogee of its pandemic-era bull run. That was the month the token jumped to $68,991.85 at the apogee of its pandemic-era bull run
#BTC.😉. #sanoor016Coomunity #MarkBTC #Topview #TrendingTopic
The market cap of Bitcoin reached $1.35 trillion, scaling the peak of $1.28 trillion from November 2021, CoinGecko data shows. That was the month the token jumped to $68,991.85 at the apogee of its pandemic-era bull run. That was the month the token jumped to $68,991.85 at the apogee of its pandemic-era bull run
#BTC.😉. #sanoor016Coomunity #MarkBTC #Topview #TrendingTopic
Do you think the price of Bitcoin will go above seventy thousand? #sanor016CommUNITY #BTC #BTC_live_market_update #Price-Prediction
