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 دادههای قیمت لحظهای
Ethena USDe USDe تاریخچه قیمت USD
تجارت USDe در سه مرحله
یک حساب کاربری رایگان ایجاد کنید، حساب خود را شارژ کنید، افزودن سپس ارز دیجیتال خود را انتخاب کنیدکسب درآمد حتی بدون دانش مالی
Put your idle crypto to work and earn passive income through savings, staking, and more.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.
پیشبینی قیمت
چه زمانی برای خرید USDe مناسب است؟ آیا اکنون باید USDe بخرم یا بفروشم؟