This is truly impressive. We researched Ethena just a couple of weeks ago, and the USDe supply was at $5.8B. We had to add a line at the beginning of the article saying that by the time the research was refined and published, the supply grew to $7.5B. And now there's another billion in the matter of a few days. Can't keep up with this growth lmao. Insane.
G | Ethena
G | Ethena31.7.2025
USDe supply is up $3.1 billion in <20 days, with more inflows than: -all BTC ETFs combined -every BTC ETF including IBIT -every ETH ETF including ETHA And rates aren't even near froth yet
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