Ethena Labs的USDE Stablecoin協議席捲了Defi景觀，每天的收入達到328萬美元

為了改變分散的金融（DEFI）景觀，基於以太坊的Stablecoin協議Ethena正在席捲世界，因為它迅速攀升了隊伍。

In a surprising turn of events, Ethereum-based stablecoin protocol Ethena has outpaced several other DeFi protocols in terms of daily revenue.

令人驚訝的是，基於以太坊的Stablecoin協議Ethena在日常收入方面已經超過了其他幾個Defi協議。

Key Takeaways:

關鍵要點：

* Ethena’s daily revenue has exceeded $3.28 million, surpassing protocols like PancakeSwap and Jupiter.

* Ethena的每日收入超過了328萬美元，超過了Pancakeswap和Jupiter等協議。

* Ethena’s structured approach to stablecoin management offers a more predictable and potentially sustainable revenue model compared to traditional DeFi platforms.

*與傳統的Defi平台相比，Ethena的結構化方法為Stablecoin Management提供了更可預測和潛在的可持續收入模型。

* ENA, Ethena’s native token, saw a gain of over 4% immediately after the announcement of Ethena’s rising daily revenue.

* Ena是Ethena的原住民代幣，在宣布Ethena日常收入上升後立即獲得了超過4％的收益。

* Ethena's rapid growth has convinced many investors that the protocol has the potential to become a long-term player in the stablecoin space.

* Ethena的快速增長使許多投資者確信該協議有可能成為Stablecoin領域的長期參與者。

Ethena, the decentralized stablecoin protocol built on Ethereum, has quickly risen in the ranks as it adjusts its strategy to adapt to the changing decentralized finance (DeFi) landscape.

埃塞納（Ethena）是基於以太坊的分散穩定協議，隨著它調整其適應不斷變化的分散金融（DEFI）景觀的戰略，迅速上升。

Ethena's daily revenue has exceeded $3.28 million, eclipsing protocols like PancakeSwap and Jupiter, which generated $2.54 million and $1.99 million, respectively, in the last 24 hours.

Ethena的每日收入超過了328萬美元，淘汰了諸如Pancakeswap和Jupiter等協議，在過去的24小時內分別產生了254萬美元和199萬美元。

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Ethena's revenue has soared due to the increasing popularity of its stablecoin, USDe. Data from DefiLlama also confirms Ethena has risen to the third spot among protocols by daily fees.

埃塞納（Ethena）的收入飆升，因為其穩定的USDE越來越受歡迎。 Defillama的數據還證實，Ethena已按日常費用升至協議中的第三位。

At the third spot is Ethena with $3.28 million in the last 24 hours, followed by Meteora at $1.89 million and Uniswap at $1.73 million. Among the top protocols, only Ethena showed positive daily revenue growth of 6.7%, while the other protocols saw declines.

在過去的24小時內，第三名是埃塞納（Ethena），其328萬美元，其次是Meteora，為189萬美元，單項稅率為173萬美元。在最高協議中，只有埃塞納（Ethena）的日常收入增長為6.7％，而其他方案的積極收入下降。

This makes sense given the structure of Ethena's protocol. Most of Ethena's revenue comes from minting, redemption, and yield-generating mechanisms. In comparison, protocols like PancakeSwap and Jupiter primarily generate revenue from liquidity pools and swaps.

鑑於Ethena協議的結構，這是有意義的。 Ethena的大部分收入都來自鑄造，贖回和產生產生的機制。相比之下，諸如pancakeswap和木星之類的協議主要從流動性池和掉期產生收入。

In another breakdown, Tether (USDT) still leads with $18.31 million in daily revenue, followed by Circle (USDC) at $6.12 million.

在另一項故障中，Tether（USDT）仍以1,831萬美元的每日收入領先，其次是Circle（USDC），為612萬美元。

However, Ethena has entered the scene as a serious contender and potential disruptor in the market with its innovative approach to decentralized stablecoins.

但是，埃塞納（Ethena）以其創新的分散式穩定劑的方式進入了現場，成為市場上的嚴重競爭者和潛在的破壞者。

Ethena's strategy focuses on providing stablecoins with enhanced stability through advanced financial mechanisms, a stark contrast to the traditional stablecoins.

Ethena的策略著重於通過先進的財務機制提供增強穩定性的Stablecoins，這與傳統的Stablecoins形成了鮮明的對比。

Moreover, Ethena has invested $200 million in BlackRock’s tokenized U.S. Treasury fund, BUIDL. This move signals an effort to align with mainstream financial instruments.

此外，埃塞納（Ethena）已向貝萊德（Blackrock）的美國財政基金Buidl投資了2億美元。此舉標誌著與主流金融工具保持一致的努力。

Last December, Ethena introduced its second stablecoin, USDtb. Powered by BUIDL, USDtb represents an attractive opportunity for investors to earn passive income through yield generation in contrast to traditional stablecoins.

去年12月，Ethena推出了其第二個穩定的USDTB。 USDTB由Buidl提供支持，這是投資者通過產量產生的被動收入的有吸引力的機會，與傳統的Stablecoins相比。

This novel technique is probably responsible for the rapid expansion in USDtb supply. Since its launch, the stablecoin has seen a 600% increase from $600 million to $4 billion.

這種新穎的技術可能是USDTB供應迅速擴展的原因。自推出以來，Stablecoin已從6億美元增加到40億美元增加了600％。

Industry Analyst's Take

行業分析師的看法

Imagine a scenario where someone seeks a stable yield-backed asset. They may prefer USDtb as it provides a yield underlying tokenized U.S. treasury assets. This allows a yield-generating local currency asset to provide better returns than simply holding a local currency with USDtb.

想像一個場景，有人尋求穩定的產量資產。他們可能更喜歡USDTB，因為它提供了代幣化的美國財政資產的產量。這允許產生產生的本地貨幣資產提供更好的回報，而不是簡單地持有USDTB的本地貨幣。

Despite impressive growth, Ethena still faces headwinds. Stablecoins continue to face increasing pressure from regulators, while competition from incumbents like Tether and Circle remains robust.

儘管增長令人印象深刻，但埃塞納仍然面臨逆風。穩定者繼續面臨監管機構的壓力越來越大，而諸如Tether和Circle等現有企業的競爭仍然強大。

Lastly, Ethena will need to keep high yields for USDtb holders while limiting systemic risk if the project is to endure. Especially in the current market climate, any sudden changes in plans or unexpected events could have a significant impact on the protocol's performance.

最後，如果項目要忍受，Ethena將需要為USDTB持有人保持高收益，同時限制系統性風險。尤其是在當前市場氛圍中，計劃或意外事件的任何突然變化都可能對協議的性能產生重大影響。