Can we use @ethena's #usde to gauge the revival of the DeFi market?
Recently the DeFi market has been plagued by hacking incidents. DeFi is increasingly shifting toward stablecoins and the RWA market.
When I model the market, I assess overall capital inflows and outflows using USDT and USDC. However, I wondered whether Ethena's USDe could be used to forecast DeFi market recovery, so I thought about it on my own.
Point 1
USDe is no longer the USDe that earned money through delta‑neutral basis trading in our memory. It has now transitioned to stablecoins, T‑bills, and lending services. This aligns closely with the direction of the DeFi market.
Point 2
USDe is a representative project that converts stablecoins with the purpose of earning interest. While the issuers of USDT and USDC do not directly provide interest payments, Ethena's USDe does.
Point 3
USDe is mostly used in on‑chain activities rather than on centralized exchanges, so it can explain part of the activation of on‑chain stablecoins.

Ethena USDe (USDe)
Ethena USDe Live Kursdaten
Ethena USDe USDe Preisverlauf USD
Besitzen Sie USDe jetzt
Kaufen und verkaufen Sie USDe einfach und sicher auf BitMart.Verdienen
Setzen Sie Ihre ungenutzten Kryptowährungen ein und erzielen Sie passives Einkommen durch Ersparnisse, Staking und mehr.Ethena USDe X Insight
In fact, beyond stablecoins and RWA, the altcoin market is struggling within DeFi.
When nobody is looking, that's the opportunity. Rather than blindly jumping into on‑chain DeFi and exposing oneself to hacking risks, consider what the USDe issuance volume signifies and whether money is flowing back on‑chain.
This allows active participation in tokens of related native DeFi projects or farming events aligned with CEXs.
In coin investing, the ability to link one phenomenon to another event is highly important.
It seems we can leverage the high‑engagement stablecoin USDe in the Web3 DeFi market.
Since it's a bear market, I'm jotting down observations of these projects and phenomena.
BREAKING: Ethena's USDe market cap has grown to $4.5B, with Ethereum hosting nearly 88% of the total supply. https://t.co/HjTr71ECg4
$USDe was built as a crypto-native synthetic dollar.
Ethena allocated $250M to Securitize's Tokenized AAA CLO Fund on Solana.
Preisprognose
Wann ist ein guter Zeitpunkt, um USDe zu kaufen? Soll ich USDe jetzt kaufen oder verkaufen?
Beacon Vorhersage
Probabilistische Preisprognose (nächste 24 Stunden)Diese Prognose ist ein experimentelles technisches Produkt und wird lediglich zu Informationszwecken angegeben. Dies stellt keine Anlageberatung dar. Unerwartete Ereignisse in der realen Welt können erhebliche Auswirkungen auf das Marktverhalten haben. Händler sollten Entscheidungen mit Vorsicht treffen.