Ena＆Usde：TVL增长与Defi Revolution

USDE的爆炸性TVL增长，随着监管转变的推动，将ENA推向了新的高度。这是Defi的未来吗？

ENA & USDe: TVL Growth and the DeFi Revolution

Ena＆Usde：TVL增长与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在创纪录的时间内的流星上涨至$ 10B TVL，再加上ENA的价格飙升，标志着Defi的范式转变。监管变化正在重塑景观，埃塞纳实验室（Ethena Labs）正在骑行。

The USDe Phenomenon: A Perfect Storm

USDE现象：一场完美的风暴

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的爆炸性增长不仅仅是运气；这是2025年7月通过的《天才法》的结果。该法规旨在规范稳定币，无意中为像埃塞纳实验室（Ethena Labs）这样的Defi项目创造了巨大的机会。通过禁止受监管的稳定者提供利息，该法案将潮汐浪潮转移到了USDE上，该浪潮仍然可以通过其保险库策略带来竞争性的收益率。突然，USDE是球的美女。

ENA's Rocket Ride: Riding the USDe Wave

埃纳（Ena）的火箭骑行：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.

当USDE的TVL爆炸时，Ena，Ethena的治理令牌也随之而来。零售和机构投资者渴望获得一项行动的助长，价格在一个月内翻了一番以上。鲸鱼活动不断增加，技术指标正在闪烁看涨信号，分析师预测了进一步的上行空间。就像实时观看火箭发射一样。

Technical Analysis: ENA's Bullish Signals

技术分析：ENA的看涨信号

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.

从技术上讲，ENA看起来很强壮。它从看涨的旗帜图案中脱出，在阻力水平上砸碎，没有显示出放慢速度的迹象。 Fibonacci扩展名为0.87美元，1.02美元，1.25美元甚至1.47美元的潜在目标。 RSI健康，MACD牢固地处于绿色状态。公牛绝对可以控制。

Whales and On-Chain Activity: A Confirmation of Confidence

鲸鱼和链活动：确认信心

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.

这不仅是图表和图形；链上的数据讲述了一个引人入胜的故事。 ENA的鲸鱼持有激增，表明大型投资者的信心很大。 Ethena DAT每天都在购买价值500万美元的ENA，造成了供需不平衡，有利于进一步的价格升值。当大型球员押注大型时，值得关注。

The Bigger Picture: DeFi's New Era

更大的前景：Defi的新时代

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的成功证明了在迅速发展的监管景观中分散模型的力量。投资者显然正在寻求产生产生的替代方案，并且可以交付的Defi项目有望蓬勃发展。 《天才法案》可能是为了创造一个更安全的稳定市场，但它无意中引发了一场革命，而USDE和ENA处于最前沿。

Looking Ahead: Can the Momentum Continue?

展望未来：势头可以继续吗？

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的长期可持续性将取决于其在加密市场的波动性的同时维持钉子的能力。 ENA需要保持关键支持水平。但是，当前的轨迹无疑是正面的。监管尾风，强大的技术和越来越多的采用的结合表明，USDE和ENA的位置很好，可以继续他们令人印象深刻的运行。

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，伙计们！ Defi景观正在发生变化，Ethena Labs正在领导指控。无论您是经验丰富的加密货币退伍军人，还是只是将脚趾浸入水中，这都是一个令人兴奋的时刻。谁知道？也许我们所有人都在使用USD在2026年购买早晨的咖啡。只有时间可以证明！