隨著鏈上槓桿需求回升，Ethena Labs 的美元穩定幣市場份額接近 3%

Ethena 的 $USDe 穩定幣供應量正迅速接近 60 億美元，自 10 月低點以來已大幅增加 140%。

Ethena's stablecoin, $USDe, is nearing a supply of $6 billion, marking a significant 140% increase since October lows. Despite this growth, $USDe's market share remains at 2.83%, highlighting its potential for further expansion.

Ethena 的穩定幣 $USDe 的供應量接近 60 億美元，自 10 月低點以來大幅增加 140%。儘管出現這種成長，$USDe 的市佔率仍維持在 2.83%，凸顯了其進一步擴張的潛力。

Rapidly rising on-chain leverage demand has benefited Ethena Labs, driving up sUSDe yields to over 20% APY. This high yield has attracted capital inflows, with platforms like Aave and Pendle seeing increased supply flow.

快速成長的鏈上槓桿需求使 Ethena Labs 受益，將 sUSDe 收益率推高至年化 20% 以上。這種高收益吸引了資本流入，Aave 和 Pendle 等平台的供應量增加。

The growth in sUSDe stakers has also been noteworthy, with over $50 million in $USDe rewards distributed to sUSDe stakers in the past month alone. This has effectively doubled the stablecoin's supply and boosted its appeal as a high-yielding, stable asset.

sUSDe 質押者的成長也值得注意，僅在過去一個月，就向 sUSDe 質押者發放了超過 5000 萬美元的 USDe 獎勵。這實際上使穩定幣的供應量增加了一倍，並增強了其作為高收益、穩定資產的吸引力。

Highlighting the rising demand, the sUSDe-USDT liquidity pool on Uniswap now has the largest liquidity position, showcasing market enthusiasm for yield-bearing stablecoins. This liquidity surge demonstrates strong investor interest in Ethena's ecosystem as a reliable source of yield during a period of reinvigorated DeFi activity.

Uniswap 上的 sUSDe-USDT 流動性池目前擁有最大的流動性頭寸，凸顯了需求的不斷上升，顯示了市場對收益型穩定幣的熱情。這種流動性激增表明了投資者對 Ethena 生態系統的強烈興趣，認為它是 DeFi 活動重振時期可靠的收益來源。

While $USDe's current market share is modest, its rapid growth and favorable market conditions present an opportunity for expansion. As on-chain activity continues to accelerate, Ethena Labs is well-positioned to capitalize on rising demand, solidifying its role as an up-and-coming player in the stablecoin market. Investors are watching closely to see if this momentum will propel $USDe to greater market presence.

雖然美元兌美元目前的市場份額不大，但其快速增長和有利的市場條件提供了擴張的機會。隨著鏈上活動不斷加速，Ethena Labs 已做好充分準備，充分利用不斷增長的需求，鞏固其作為穩定幣市場新興參與者的角色。投資者正在密切關注這一勢頭是否會推動美元佔據更大的市場份額。