CoinWorld News, Wu said that, based on data disclosed by Defillama and analyst Tom Wan, driven by related incentive activities on the Solana chain, the supply of Ethena stablecoin USDE on the Solana network has surged by over $450 million in the short term, currently reaching $560 million, and has driven the total market capitalization of USDE back to the $4.4 billion level. Tom Wan stated that although this strategy has previously triggered explosive growth on other chains, fund retention has always been a challenge; previous liquidations, hacking incidents, and weakening incentives have all led to outflows after peaks. This activity will be a new test of its retention rate.

SOL-0.1%
ENA0.09%
USDE-0.01%
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