According to Odaily, Ethena's synthetic dollar stablecoin, USDe, has reached a market capitalization of $3 billion over the weekend. As of June 2, the market value of USDe was approximately $3.02 billion, surpassing FDUSD's $2.9 billion, making it the fourth largest stablecoin.
There are about 13,238 unique addresses holding USDe, and since its launch, there have been 395,430 transfers. The most tokens are held by Ethena's smart contract address, with 1.21 billion USDe, accounting for 40.16% of the total supply. The second largest quantity is held by Ethena's LP pledge address, with 511.2 million USDe, accounting for 16.92% of the circulating supply.