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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Recently, the supply of ENA USD has shown a steady rise, attracting widespread attention in the market. Data shows that since the supply began a new round of expansion, the daily average growth rate of USDe has remained around 2.18%. If this growth momentum continues, it is expected that in about 29 days (around September 10), the supply of ENA USD is likely to surpass the $20 billion mark, which will undoubtedly become an important milestone.
Meanwhile, with the changes in the overall interest rate environment, the yields offered by the Ethena platform are becoming increasingly attractive. Market analysts generally believe that the Federal Reserve is likely to take interest rate cuts in September, which will further enhance Ethena's relative advantage.
In this context, investors are closely following the changes in the supply of ENA USD and its potential impacts. Market trends are changing rapidly, and it is advisable for investors to remain vigilant and be well-prepared to respond to various opportunities and challenges that may arise. With the continuous rise in supply and possible policy changes, the future development of the ENA USD market is worth our continued attention.