Ethena 生态系统：推动 DeFi 的增长和流动性

Ethena 的 USDe 供应量在上个月增加了 47.45%，达到 37.5 亿美元的历史新高。该稳定币在 11 月 21 日出现惊人的 1.19 亿美元流入，这是自 4 月中旬以来的最高单日涨幅。

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 供应量过去一个月激增近 47.45%，创下历史新高。

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.

据 Wu Blockchain 周三称，该稳定币在 11 月 21 日流入量高达 1.19 亿美元，创下今年 4 月中旬以来的最高单日涨幅。

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.

这种令人难以置信的增长凸显了对 Ethena 合成金融产品的需求激增，特别是它继续在合成稳定币市场上占据一席之地。

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%，凸显该策略在投资者中越来越受欢迎。

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供应量在过去一个月增加了约47.45%，达到37.5亿美元，创历史新高。 11月21日，约1.19亿美元流入USDe，这是今年4月中旬以来的最高单日流入量。与此同时，sUSDe持股率达到68.4%，为历史最高……

— 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.

这一最新的里程碑为 Ethena 已经辉煌的成长之旅增添了色彩。合成美元于今年早些时候首次亮相，随后成为最快实现这一里程碑的与美元挂钩的资产之一，供应量在创纪录的时间内突破了 30 亿美元大关。

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 背后运作，在构思该协议时着眼于可持续性、可扩展性和去中心化。他们的方法利用对质押以太坊（CRYPTO：ETH）抵押品的 Delta 对冲来确保稳定性——这种能力可以满足广泛的去中心化金融（DeFi）用户的需求。

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.

该系统的稳健架构无疑有助于提高 sUSDe 的接受度，sUSDe 是一种质押代币，允许持有者参与网络的收入流。

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.

这些发展也表明 Ethena 生态系统所吸引的流动性同时增加。虽然 sUSDe 质押率的上升表明用户愿意进一步参与该协议，但大量资金流入 USDe 表明对其稳定和综合品质的强烈需求。这些因素的结合凸显了 Ethena 在市场上呈现的独特价值主张，尤其是在众多竞争对手中。

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 此前曾强调，Ethena 基金会确保所有协议收入（不包括实验室和外部各方的收入）都用于推进生态系统。根据其对透明度和社区治理的承诺，ENA 费用转换将于 11 月 30 日激活。