Ethena Labs已分散。它的穩定者也是USDE。

Ethena Labs已分散。它的穩定者也是USDE。 Ethena的USDE正在迅速增長，其最近的足跡正在引起加密投資者的關注

Ethena Labs' decentralized stablecoin, USDe, is rapidly expanding. Its recent footprint is capturing the attention of crypto investors and market analysts.

Ethena Labs的去中心化Stablecoin USDE正在迅速擴展。它最近的足跡吸引了加密投資者和市場分析師的注意。

Over the course of just one week, USDe's supply has increased by an impressive $300 million—in no small part due to improving funding rates across DeFi. This is a narrative shift that many are noticing.

在整個星期的過程中，USDE的供應增加了3億美元，這在很大程度上是由於提高了整個DEFI的資金率。這是許多人注意到的敘事轉變。

Many see this latest uptick in USDe supply as the harbinger of yet another explosive growth phase for Ethena's ecosystem token, ENA—one that they see having the potential to mirror its meteoric rise in late 2024.

許多人認為USDE Supply的最新提升是Ethena生態系統令牌ENA的另一個爆炸性增長階段的預示，他們看到他們有可能在2024年末反映其迅速升高的潛力。

Flashback: October 2024 Saw USDe Increment By $4 Billion

閃回：2024年10月，USDE增量增加了40億美元

The previous occasion on which USDe experienced such swift expansion was in October 2024, when its circulating supply shot up by $4 billion in just under two months. That remarkable growth period far outstripped inflows into all Bitcoin and Ethereum spot ETFs combined and only strengthened Ethena Labs' reputation as a rising force in decentralized finance.

USDE經歷瞭如此迅速擴張的以前的場合是在2024年10月，當時它的循環供應在不到兩個月的時間內飆升了40億美元。這個顯著的增長時期遠遠超過了所有比特幣和以太坊ETF的流入，並且只加強了Ethena Labs的聲譽，作為分散融資中不斷增長的力量。

For eight weeks, ENA—Ethena's native governance and incentive token—had a wild ride of appreciation in value. From a meager $0.25 starting point, the token shot up nearly 5 times in value to an all-time high of $1.25. Not only was the price movement exhilarating for investors already on board, but it also had the effect of attracting some big institutional and retail investor names to the project.

在八個星期內，Ena（Ena） - 埃塞納（Ena）的本地治理和激勵令牌 - 有價值的狂歡。從微不足道的0.25起起點開始，令牌的價值將近5倍，達到1.25美元。價格機芯不僅給已經在船上的投資者而令人振奮，而且還具有吸引一些大型機構和散戶投資者名稱的效果。

"🚨 $ENA is about to explode, mark my words

“🚨$ ena即將爆炸，標記我的話

USDe, $ENA stablecoin, just increased $300m in supply in the last week as funding rates have improved.

USDE，$ ENA Stablecoin，隨著資金率提高，上周剛剛增加了3億美元的供應。

Why is this a big deal? It’s showing us the next period of big growth for @ethena_labs just like last time

為什麼這很重要？它向我們展示了下一個@ethena_labs的下一個大增長，就像上次

The last time USDe..."

上一次USDE ...”

At present, the USDe supply is growing quickly again, and the overall money funding conditions are looking quite nice. Seems like we are set up for a repeat performance of the last major ENA uptrend in summer 2020. A lot of investors are already placing their bets to advantage of this setup. I personally have quite a nice position in ENA and I plan to add quite a bit more soon."

目前，USDE供應量正在迅速增長，整體撥款條件看起來都很好。似乎我們已經準備好在2020年夏季重複進行最後一次重大的ENA上升趨勢。許多投資者已經將他們的賭注放置為這種​​設置。我個人在ENA中的職位很不錯，我計劃很快添加更多。 ”

Strategic Partnerships and New Blockchain Push the Narrative Forward

戰略夥伴關係和新的區塊鏈將敘述推向前進

Further bolstering the overall positive sentiment surrounding Ethena Labs is a rally of partnerships and numerous impactful developments that aim to strengthen its long-term value proposition.

進一步加強圍繞埃塞納實驗室的總體積極情緒是夥伴關係的集會和許多有影響力的發展，旨在加強其長期價值主張。

Most prominently, a recent announcement from Ethena reveals a partnership with Telegram to integrate USDe directly into its ecosystem. This partnership dramatically widens the potential user base for the stablecoin. With Telegram's global reach—counting hundreds of millions of active users—this partnership could turn out to be a major driver of actual, real-world adoption of USDe that goes beyond DeFi-centric applications.

最突出的是，Ethena最近的公告揭示了與Telegram的合作夥伴關係，將USDE直接整合到其生態系統中。這種合作夥伴關係大大擴大了Stablecoin的潛在用戶群。隨著電報的全球影響力 - 數億活躍用戶，這種合作夥伴關係可能是實際採用USDE的主要驅動力，而不是以Defi為中心的應用程序。

Simultaneously, Ethena Labs is preparing to launch a new blockchain called Converge, which is designed with a particular emphasis on real-world asset (RWA) tokenization. This venture is being undertaken in collaboration with Securitize, an RWA platform renowned for its strong focus on compliance and backed by none other than BlackRock. The partnership highlights Ethena's broader strategy of connecting traditional financial institutions with decentralized protocols, a storyline that is gaining increasing currency across the Web3 ecosystem.

同時，Ethena Labs正在準備啟動一個名為Connegge的新區塊鏈，該區塊鏈的設計特別強調了現實世界中的資產（RWA）令牌化。這項合作是與Securitize合作進行的，Securitize是一個以其重點關注合規性而聞名的RWA平台，並得到了BlackRock的支持。該合作夥伴關係強調了Ethena將傳統金融機構與分散協議聯繫起來的更廣泛的策略，該故事情節正在跨越Web3生態系統的貨幣增加。

USDe—and, by implication, ENA—could become pivotal players in on-chain finance if Converge sees a successful introduction. Converge could serve as a major catalyst for staking USDe, in equal parts utility tokens and governance tokens.

USDE（即暗示的ENA），如果匯聚可以成功介紹，則可以成為鏈融資的關鍵參與者。 Converge可以作為將USDE的主要催化劑，同等的實用程序和治理令牌。

ENA: Is This the Beginning of Another Parabolic Run?

ENA：這是另一次拋物線運行的開始嗎？

The supply of stablecoins is growing, and the conditions of the market are bright, and then there are those high-profile partnerships. Put all this together, and you have the present setup for ENA, which is looking more and more like the last rally it had, and which some in the crypto community are calling an "easy call" for a next breakout token.

Stablecoins的供應正在增長，市場狀況很明顯，然後是那些備受矚目的合作夥伴關係。將所有這些放在一起，您為ENA提供了當前的設置，ENA的設置越來越像最後一次集會，而加密貨幣社區中的一些人則稱其為“簡單呼叫”，以進行下一個突破令牌。

Aside from the imagineering upside, Ethena Labs is putting forth a larger vision—one that melds DeFi tools of the kind that can scale with the traditional financial infrastructure. In that world, the three projects we just mentioned would play a part. Ethena would serve users a yield-bearing, censorship-resistant stablecoin in USDe, while it and the two other projects would build out a regulated real-world asset (RWA) ecosystem—in other words, something that might get us to a usable crypto future faster than the un-usable present.

除了想像中的上升空間外，Ethena Labs還提出了更大的願景 - 一種可以與傳統的金融基礎設施擴展的Defi工具。在那個世界中，我們剛才提到的三個項目將發揮作用。 Ethena將在USDE中為用戶提供承擔率的，耐心的穩態，而IT和其他兩個項目將建立一個受監管的現實世界資產（RWA）生態系統，換句話說，這可能會使我們更能比不可用的禮物更快地進入可用的加密貨幣未來。

Although no investment is without risk, Ethena Labs and ENA seem to be moving with momentum into a critical growth phase. If historical performance is any guide, the next few weeks could bring transformative changes both for the token and for the DeFi ecosystem that is closely observing from the sidelines.

儘管沒有任何投資沒有風險，但Ethena Labs和Ena似乎正在以動量發展到關鍵的增長階段。如果歷史表現是任何指南，接下來的幾周可能會為令牌和從旁觀者近距離觀察的Defi生態系統帶來變革性的變化。

This is not

這不是