Ethena Labs的USDE Stablecoin协议席卷了Defi景观，每天的收入达到328万美元

为了改变分散的金融（DEFI）景观，基于以太坊的Stablecoin协议Ethena正在席卷世界，因为它迅速攀升了队伍。

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

令人惊讶的是，基于以太坊的Stablecoin协议Ethena在日常收入方面已经超过了其他几个Defi协议。

Key Takeaways:

关键要点：

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

* Ethena的每日收入超过了328万美元，超过了Pancakeswap和Jupiter等协议。

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

*与传统的Defi平台相比，Ethena的结构化方法为Stablecoin Management提供了更可预测和潜在的可持续收入模型。

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

* Ena是Ethena的原住民代币，在宣布Ethena日常收入上升后立即获得了超过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的快速增长使许多投资者确信该协议有可能成为Stablecoin领域的长期参与者。

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.

埃塞纳（Ethena）是基于以太坊的分散稳定协议，随着它调整其适应不断变化的分散金融（DEFI）景观的战略，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的每日收入超过了328万美元，淘汰了诸如Pancakeswap和Jupiter等协议，在过去的24小时内分别产生了254万美元和199万美元。

[email protected]

[电子邮件保护]

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.

埃塞纳（Ethena）的收入飙升，因为其稳定的USDE越来越受欢迎。 Defillama的数据还证实，Ethena已按日常费用升至协议中的第三位。

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.

在过去的24小时内，第三名是埃塞纳（Ethena），其328万美元，其次是Meteora，为189万美元，单项税率为173万美元。在最高协议中，只有埃塞纳（Ethena）的日常收入增长为6.7％，而其他方案的积极收入下降。

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.

鉴于Ethena协议的结构，这是有意义的。 Ethena的大部分收入都来自铸币，赎回和产生产生的机制。相比之下，诸如pancakeswap和木星之类的协议主要从流动性池和掉期产生收入。

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

在另一项故障中，Tether（USDT）仍以1,831万美元的每日收入领先，其次是Circle（USDC），为612万美元。

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，埃塞纳（Ethena）以其创新的分散式稳定剂的方式进入了现场，成为市场上的严重竞争者和潜在的破坏者。

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

Ethena的策略着重于通过先进的财务机制提供增强稳定性的Stablecoins，这与传统的Stablecoins形成了鲜明的对比。

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，埃塞纳（Ethena）已向贝莱德（Blackrock）的美国财政基金Buidl投资了2亿美元。此举标志着与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推出了其第二个稳定的USDTB。 USDTB由Buidl提供支持，这是投资者通过产量产生的被动收入的有吸引力的机会，与传统的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.

这种新颖的技术可能是USDTB供应迅速扩展的原因。自推出以来，Stablecoin已从6亿美元增加到40亿美元增加了600％。

Industry Analyst's Take

行业分析师的看法

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.

想象一个场景，有人寻求稳定的产量资产。他们可能更喜欢USDTB，因为它提供了代币化的美国财政资产的产量。这允许产生产生的本地货币资产提供更好的回报，而不是简单地持有USDTB的本地货币。

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.

尽管增长令人印象深刻，但埃塞纳仍然面临逆风。稳定者继续面临监管机构的压力越来越大，而诸如Tether和Circle等现有企业的竞争仍然强大。

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.

最后，如果项目要忍受，Ethena将需要为USDTB持有人保持高收益，同时限制系统性风险。尤其是在当前市场氛围中，计划或意外事件的任何突然变化都可能对协议的性能产生重大影响。