Ethena的USDE摇摆不定：Binance清单，ENA费用转换和生态系统增长

Ethena的USDE列表列出了Binance，触发了ENA费用转换和回购潜力，从而引发了生态系统的增长。 DEFI协议的关键力矩。

Ethena's USDe Shakes Up DeFi: Binance Listing, ENA Fee Switch, and Ecosystem Growth

Ethena的USDE摇摆不定：Binance清单，ENA费用转换和生态系统增长

Ethena Labs' USDe listing on Binance marks a major milestone, unlocking new trading opportunities and activating the ENA fee switch, poised to accelerate adoption and expand its ecosystem.

Ethena Labs在Binance上的USDE上市标志着一个主要的里程碑，释放了新的交易机会并激活ENA费用转换，并准备加速采用并扩大其生态系统。

Binance Lists USDe: A Game Changer

Binance列出了USDE：改变游戏规则的人

On September 9, 2025, Binance officially listed Ethena's USDe stablecoin, with trading pairs USDE/USDC and USDE/USDT going live. This listing is a big deal. It provides USDe with exposure to a massive new audience and legitimizes its position as a serious player in the DeFi space.

2025年9月9日，Binance正式列出了Ethena的USDE Stablecoin，并带有USDE/USDC和USDE/USDE/USDT的交易对。此清单很重要。它为USDE提供了大量的新受众，并将其在Defi空间中的认真参与者合法化。

What's particularly cool is that Binance launched USDE with zero BNB fees. That's right, free! Binance is also offering rewards for holding at least 0.01 USDE. These incentives make it easier for new users to get involved, which is always a good thing.

特别酷的是，Binance推出了零BNB费用的USDE。没错，免费！ Binance还提供至少0.01 USDE的奖励。这些激励措施使新用户更容易参与其中，这总是一件好事。

ENA Fee Switch: Buybacks Incoming!

ENA费用开关：回购接入！

The Binance listing has triggered the activation of Ethena's ENA fee switch. This mechanism shares protocol profits with token holders. BitMEX co-founder Arthur Hayes thinks this unlocks the potential for $500 million in token buybacks! Basically, Ethena had a checklist to hit before flipping the switch: a circulating USDe supply exceeding $6 billion, cumulative revenue hitting $250 million, and listings on four of the top five CEXs. Boom. Check, check, and check. The fee switch is live.

Binance清单触发了Ethena ENA费用转换的激活。该机制与令牌持有人共享协议利润。 Bitmex联合创始人Arthur Hayes认为这释放了5亿美元的代币回购的潜力！基本上，埃塞纳（Ethena）在翻转开关之前有一份清单要击中：循环的USDE供应超过60亿美元，累计收入达到2.5亿美元，并在前五名CEXS中的四个上市。繁荣。检查，检查和检查。费用开关是有效的。

Ecosystem Expansion and Strategic Moves

生态系统扩展和战略动作

Ethena Labs isn't just sitting still, it's actively growing its ecosystem through strategic partnerships. They've teamed up with Based to integrate USDe into the Hyperliquid ecosystem. Plus, Stablecoin X raised a whopping $530 million to accumulate more ENA. MegaETH even launched its first native stablecoin, USDm, in partnership with Ethena. These moves solidify Ethena's position as a central player in the DeFi landscape.

Ethena Labs不仅坐着，还通过战略伙伴关系积极发展其生态系统。他们与基础合作将USDE集成到超流动生态系统中。另外，Stablecoin X筹集了高达5.3亿美元，以积累更多的ENA。 Megaeth甚至与Ethena合作推出了首个本地人Stablecoin USDM。这些动作巩固了埃塞纳（Ethena）在Defi景观中的中心参与者的地位。

My Two Satoshis

我的两个satoshis

Honestly, I'm pretty bullish on Ethena. The Binance listing is a major win, the ENA fee switch creates a compelling incentive for token holders, and the ecosystem is expanding rapidly. Sure, there are risks involved with any DeFi project, but Ethena seems to be executing its vision effectively. The $12 billion circulating supply, backed by BTC, ETH, and stablecoins is not bad. The market seems to agree as ENA surged 5% following the announcement of the listing. While this is not financial advice, do your own research and decide if Ethena is the right fit for your portfolio.

老实说，我对Ethena的看法很看好。 Binance清单是一个重大胜利，ENA费用开关为令牌持有人带来了引人注目的动力，并且生态系统正在迅速扩展。当然，任何DEFI项目都有风险，但是Ethena似乎正在有效执行其愿景。由BTC，ETH和Stablecoins支持的120亿美元循环供应还不错。在宣布上市后，ENA飙升了5％，市场似乎同意。虽然这不是财务建议，但请进行自己的研究，并确定Ethena是否适合您的投资组合。

Final Thoughts

最后的想法

So, what's next for Ethena and USDe? Only time will tell, but one thing's for sure: they're shaking up the stablecoin market. It will be exciting to watch this project continue to grow and evolve. Keep an eye on Ethena – it's gonna be a wild ride!

那么，Ethena和USD的下一步是什么？只有时间会说明，但是可以肯定的是：他们在摇晃Stablecoin市场。观看该项目继续发展和发展将是令人兴奋的。请密切关注乙烯 - 这将是一次疯狂的旅程！