Will Ethena crash like UST? I don’t think so
Ethena's USDe will not collapse, but Ethena will produce marginal effects as the market size increases, and it is very likely that USDe's revenue will be infinitely close to zero.
JinseFinanceEthena's USDe will not collapse, but Ethena will produce marginal effects as the market size increases, and it is very likely that USDe's revenue will be infinitely close to zero.
JinseFinanceEthena Labs' USDe stablecoin faces scrutiny amid comparisons to Terra's troubled history, prompting reflection on risk management strategies.
WeiliangEthena was launched on Binance on April 2 and performed well, attracting widespread attention in the cryptocurrency market. Among them, Arthur Hayes, an early investor, cheered for it on social media, further highlighting its potential influence in the market.
JinseFinanceEthena Labs rises as fifth-largest stablecoin issuer with ENA token launch, achieving $1 billion market cap. Successful Shard Campaign leads to ENA distribution and listing on major exchanges. Season 2 introduces Bitcoin collateral and partnerships with MakerDAO, Pendle Finance, Mantle Network, and Eigenlayer. Ethena aims to bolster DeFi ecosystem, signaling prominence in crypto landscape.
Huang BoOn February 1st, the Binance Web3 wallet was launched on the Inscription Market. Users can manage their BRC-20 assets. The performance is unsatisfactory. However, the competition in the Bitcoin ecosystem in 2024 is destined to become a roadblock between large institutions such as Binance and OKX. Long-term narrative.
JinseFinanceThe performance of Inscription tokens ORDI and SATS has lagged relatively behind the overall cryptocurrency market in 2024 so far, and is showing signs of possible further decline.
JinseFinanceJudging from the current market value rankings, ORDI and SATS are the undisputed leaders and second-tier players in BRC-20.
JinseFinance
JinseFinanceBybit has forged a strategic alliance with Ethena Labs, bringing forth Ethena's USDe stablecoin to the Bybit platform. USDe, a decentralised monetary solution, operates independently from traditional banking systems. It leverages delta-hedging staked Ether (ETH) for comprehensive collateral backing.
JoyMade as a memecoin, there is no immediate utility for the token, which makes its rise, together with other more familiar memecoins like DOGE and PEPE, particularly interesting.
Davin