[Ethena USDe set a record of a single-day inflow of $119 million during its growth]
Ethena’s USDe supply has grown by 47.45% in the past month, reaching an all-time high of $3.75 billion, and hit a record single-day inflow of $119 million on November 21, demonstrating increased market trust in its innovative stablecoin. Meanwhile, sUSDe’s collateralization ratio rose to 68.4%, a new high this year, reflecting growing investor interest in the protocol.
As a rapidly growing USD-anchored asset, USDe is supported by Ethena Labs. Its design focuses on stability, scalable functionality, and decentralization. It uses pledged Ethereum for delta hedging to maintain stability, attracting the participation of many DeFi users.
As a pledged token, sUSDe allows holders to profit from network revenue, further enhancing the protocol’s liquidity and user participation. The stability and synthetic properties of USDe also make it stand out in a highly competitive market, highlighting its unique value.
In addition, the Ethena Foundation promises to use the protocol revenue to improve the ecosystem to achieve transparency and community governance, and plans to enable the ENA fee switch on November 30 to further demonstrate its commitment to the development of the ecosystem.