Trader Eugene: Ethena's recent development has exceeded expectations, and the target price of ENA has been raised
Trader Eugene said on X platform that USDe is currently in circulation at 3.7 billion after adding 1.2 billion in circulation in the past 6 weeks. sUSDe's yield has ranged from 10% to 25% in the past 6 weeks, and Deribit accepts USDe as stablecoin collateral. Ethena's fee conversion proposal was also approved, and these fee conversions guarantee that sENA holders are the main beneficiaries of the success of the protocol. These developments exceed expectations for ENA 2 months ago and have adjusted ENA's target price higher.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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