Ena＆Usde：TVL增長與Defi Revolution

USDE的爆炸性TVL增長，隨著監管轉變的推動，將ENA推向了新的高度。這是Defi的未來嗎？

ENA & USDe: TVL Growth and the DeFi Revolution

Ena＆Usde：TVL增長與Defi Revolution

USDe's meteoric rise to $10B TVL in record time, coupled with ENA's price surge, signals a paradigm shift in DeFi. Regulatory changes are reshaping the landscape, and Ethena Labs is riding the wave.

USD在創紀錄的時間內的流星上漲至$ 10B TVL，再加上ENA的價格飆升，標誌著Defi的範式轉變。監管變化正在重塑景觀，埃塞納實驗室（Ethena Labs）正在騎行。

The USDe Phenomenon: A Perfect Storm

USDE現象：一場完美的風暴

USDe's explosive growth isn't just luck; it's a consequence of the GENIUS Act passed in July 2025. This legislation, designed to regulate stablecoins, inadvertently created a massive opportunity for DeFi projects like Ethena Labs. By prohibiting regulated stablecoins from offering interest, the act redirected a tidal wave of capital toward USDe, which could still deliver competitive yields through its vault strategies. Suddenly, USDe was the belle of the ball.

USD的爆炸性增長不僅僅是運氣；這是2025年7月通過的《天才法》的結果。該法規旨在規範穩定幣，無意中為像埃塞納實驗室（Ethena Labs）這樣的Defi項目創造了巨大的機會。通過禁止受監管的穩定者提供利息，該法案將潮汐浪潮轉移到了USDE上，該浪潮仍然可以通過其保險庫策略帶來競爭性的收益率。突然，USDE是球的美女。

ENA's Rocket Ride: Riding the USDe Wave

埃納（Ena）的火箭騎行：乘坐USDE Wave

As USDe's TVL exploded, ENA, Ethena's governance token, followed suit. Prices have more than doubled in a month, fueled by both retail and institutional investors eager to get a piece of the action. Whale activity is up, technical indicators are flashing bullish signals, and analysts are predicting further upside. It's like watching a rocket launch in real-time.

當USDE的TVL爆炸時，Ena，Ethena的治理令牌也隨之而來。零售和機構投資者渴望獲得一項行動的助長，價格在一個月內翻了一番以上。鯨魚活動不斷增加，技術指標正在閃爍看漲信號，分析師預測了進一步的上行空間。就像實時觀看火箭發射一樣。

Technical Analysis: ENA's Bullish Signals

技術分析：ENA的看漲信號

Technically speaking, ENA looks strong. It broke out of a bullish flag pattern, smashed through resistance levels, and is showing no signs of slowing down. Fibonacci extensions suggest potential targets of $0.87, $1.02, $1.25, and even $1.47. The RSI is healthy, and the MACD is firmly in the green. The bulls are definitely in control.

從技術上講，ENA看起來很強壯。它從看漲的旗幟圖案中脫出，在阻力水平上砸碎，沒有顯示出放慢速度的跡象。 Fibonacci擴展名為0.87美元，1.02美元，1.25美元甚至1.47美元的潛在目標。 RSI健康，MACD牢固地處於綠色狀態。公牛絕對可以控制。

Whales and On-Chain Activity: A Confirmation of Confidence

鯨魚和鏈活動：確認信心

It's not just charts and graphs; the on-chain data tells a compelling story. Whale holdings of ENA have surged, indicating strong confidence from large investors. Ethena DAT has been buying $5 million worth of ENA daily, creating a supply-demand imbalance that favors further price appreciation. When the big players are betting big, it's worth paying attention.

這不僅是圖表和圖形；鏈上的數據講述了一個引人入勝的故事。 ENA的鯨魚持有激增，表明大型投資者的信心很大。 Ethena DAT每天都在購買價值500萬美元的ENA，造成了供需不平衡，有利於進一步的價格升值。當大型球員押注大型時，值得關注。

The Bigger Picture: DeFi's New Era

更大的前景：Defi的新時代

USDe's success demonstrates the power of decentralized models in a rapidly evolving regulatory landscape. Investors are clearly seeking yield-generating alternatives, and DeFi projects that can deliver are poised to thrive. The GENIUS Act may have been intended to create a safer stablecoin market, but it inadvertently sparked a DeFi revolution, with USDe and ENA at the forefront.

USD的成功證明了在迅速發展的監管景觀中分散模型的力量。投資者顯然正在尋求產生產生的替代方案，並且可以交付的Defi項目有望蓬勃發展。 《天才法案》可能是為了創造一個更安全的穩定市場，但它無意中引發了一場革命，而USDE和ENA處於最前沿。

Looking Ahead: Can the Momentum Continue?

展望未來：勢頭可以繼續嗎？

The long-term sustainability of USDe will depend on its ability to maintain its peg while navigating the volatility of the crypto market. ENA needs to hold key support levels. However, the current trajectory is undeniably positive. The combination of regulatory tailwinds, strong technicals, and growing adoption suggests that USDe and ENA are well-positioned to continue their impressive run.

USDE的長期可持續性將取決於其在加密市場的波動性的同時維持釘子的能力。 ENA需要保持關鍵支持水平。但是，當前的軌跡無疑是正面的。監管尾風，強大的技術和越來越多的採用的結合表明，USDE和ENA的位置很好，可以繼續他們令人印象深刻的運行。

So, buckle up, folks! The DeFi landscape is changing, and Ethena Labs is leading the charge. Whether you're a seasoned crypto veteran or just dipping your toes in the water, it's an exciting time to be watching this space. Who knows? Maybe we'll all be using USDe to buy our morning coffee in 2026. Only time will tell!

所以，搭扣，伙計們！ Defi景觀正在發生變化，Ethena Labs正在領導指控。無論您是經驗豐富的加密貨幣退伍軍人，還是只是將腳趾浸入水中，這都是一個令人興奮的時刻。誰知道？也許我們所有人都在使用USD在2026年購買早晨的咖啡。只有時間可以證明！