Ethena 生態系統：推動 DeFi 的成長與流動性

Ethena 的 USDe 供應量在上個月增加了 47.45%，達到 37.5 億美元的歷史新高。該穩定幣在 11 月 21 日出現驚人的 1.19 億美元流入，這是自 4 月中旬以來的最高單日漲幅。

Ethena (CRYPTO: ENA)’s USDe supply has surged by nearly 47.45% over the past month, hitting a new all-time high.

Ethena (CRYPTO: ENA) 的 USDe 供應量過去一個月激增近 47.45%，創下歷史新高。

According to Wu Blockchain on Wednesday, the stablecoin witnessed an impressive $119 million inflow on November 21, marking the highest single-day rise since mid-April this year.

據 Wu Blockchain 週三稱，該穩定幣在 11 月 21 日流入量高達 1.19 億美元，創下今年 4 月中旬以來的最高單日漲幅。

The surging demand for Ethena's synthetic financial products is being highlighted by this incredible increase, especially as it continues to assert its presence in the synthetic stablecoin market.

這種令人難以置信的成長凸顯了對 Ethena 合成金融產品的需求激增，特別是它繼續在合成穩定幣市場上佔有一席之地。

Moreover, the sUSDe stake rate rose to 68.4%, highlighting the growing popularity of the strategy among investors.

此外，sUSDe 持股比例升至 68.4%，凸顯該策略在投資者中越來越受歡迎。

Ethena USDe supply has increased by about 47.45% in the past month to $3.75 billion, a record high. On November 21, about $119 million flowed into USDe, the highest single-day inflow since mid-April this year. At the same time, the sUSDe stake rate reached 68.4%, the highest…

Ethena USDe供應量在過去一個月增加了約47.45%，達到37.5億美元，創歷史新高。 11月21日，約1.19億美元流入USDe，這是今年4月中旬以來的最高單日流入。同時，sUSDe持股率達68.4%，為歷史最高…

— Wu Blockchain (@WuBlockchain) November 22, 2024

— Wu Blockchain (@WuBlockchain) 2024 年 11 月 22 日

This latest milestone adds to Ethena's already stellar growth journey. Having debuted earlier this year, the synthetic dollar went on to become one of the fastest USD-pegged assets to achieve such a milestone by crossing the $3 billion supply mark in record time.

這一最新的里程碑為 Ethena 已經輝煌的成長之旅增添了色彩。合成美元於今年稍早首次亮相，隨後成為最快實現這一里程碑的與美元掛鉤的資產之一，供應量在創紀錄的時間內突破了 30 億美元大關。

Operating behind USDe, Ethena Labs has conceived the protocol with an eye on sustainability, scalability, and decentralization. Their approach leverages delta-hedging against staked Ethereum (CRYPTO: ETH) collateral to ensure stability - a capability that caters to a broad spectrum of decentralized finance (DeFi) users.

Ethena Labs 在 USDe 背後運作，在構思協議時著眼於可持續性、可擴展性和去中心化。他們的方法利用對質押以太坊（CRYPTO：ETH）抵押品的 Delta 對沖來確保穩定性——這種能力可以滿足廣泛的去中心化金融（DeFi）用戶的需求。

The robust architecture of the system has无疑 Contributed to the rising acceptance of sUSDe, the staking token that allows holders to participate in the network's revenue streams.

該系統的穩健架構無疑有助於提高 sUSDe 的接受度，sUSDe 是一種質押代幣，允許持有者參與網路的收入流。

These developments also point towards a simultaneous increase in liquidity being attracted to Ethena's ecosystem. While the rising sUSDe stake rate indicates a willingness among users to engage further with the protocol, the substantial inflow into USDe suggests a strong demand for its stable and synthetic qualities. This combination of factors highlights the unique value proposition that Ethena presents in the market, especially amidst a slew of competitors.

這些發展也顯示 Ethena 生態系統所吸引的流動性同時增加。雖然 sUSDe 質押率的上升表明用戶願意進一步參與協議，但大量資金流入 USDe 表明對其穩定和綜合品質的強烈需求。這些因素的結合凸顯了 Ethena 在市場上呈現的獨特價值主張，尤其是在眾多競爭對手中。

On a separate note, CNF has previously highlighted that the Ethena Foundation ensures that all protocol earnings, excluding those of labs and external parties, are directed towards advancing the ecosystem. In line with its commitment to transparency and community governance, the ENA fee switch activation is set for November 30.

另外，CNF 先前曾強調，Ethena 基金會確保所有協議收入（不包括實驗室和外部各方的收入）都用於推進生態系統。根據其對透明度和社區治理的承諾，ENA 費用轉換將於 11 月 30 日啟用。