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 Données sur les prix en temps réel
Ethena USDe USDe Historique des prix USD
Possédez USDe dès maintenant
Achetez et vendez USDe facilement et en toute sécurité sur BitMart.Gagner
Faites fructifier vos cryptomonnaies et générez des revenus passifs grâce à l'épargne, au staking, et plus encore.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.
Prévision de prix
Quel est le meilleur moment pour acheter USDe? Dois-je acheter ou vendre USDe maintenant ?
Prédiction de Beacon
Prévision probabiliste des prix (Prochaines 24 heures)Cette prédiction est un produit technique expérimental et est fournie uniquement à titre de référence. Ceci ne constitue pas un conseil en investissement. Des événements inattendus du monde réel peuvent avoir un impact significatif sur le comportement du marché. Les traders doivent prendre des décisions avec prudence.