According to Wu's report, based on @hildobby_'s data panel, as BTC continues to maintain a strong high funding rate, the supply of Ethena USDe has increased by about 47.45% in the past month, reaching 3.75 billion USD, setting a new historical high. On November 21, approximately 119 million USD flowed into USDe, marking the highest single-day inflow since mid-April of this year. Meanwhile, the staking rate of sUSDe has reached 68.4%, the highest since mid to late February of this year, as users stake USDe to enjoy basis returns.