The supply of @ethena_labs USDe has grown rapidly over the past 30 days. According to DefiLlama, key drivers of this expansion include: • Ethereum: +55.14% • TON: +72.48% • Mantle: +55.10% • BNB Chain: +23.01% USDe’s cross-chain growth reflects this rising demand for yield-bearing stablecoins across both DeFi and emerging L1 ecosystems. Since our early report on Ethena and their subsequent partnership with @Securitize to launch Converge, USDe has seen remarkable growth and it’s a trend we’ll continue to monitor closely.
G | Ethena
G | Ethena31.7.2025
USDe supply is up $3.1 billion in <20 days, with more inflows than: -all BTC ETFs combined -every BTC ETF including IBIT -every ETH ETF including ETHA And rates aren't even near froth yet
6,28K