ENA: CAN USDE GROWTH OUTPACE ENA TOKEN SUPPLY YET?

USDe is around $4.91B, while ENA has about 10.10B tokens circulating.

USDe grew roughly 11.6% from September 9 to September 28, but that comes after falling sharply from its $15B peak.

Meanwhile, about 275M ENA is scheduled to unlock on October 1—roughly 2.7% of current circulating supply.

MY FINAL TAKE

The real test isn't just USDe growth. It is whether genuine demand can keep expanding after incentives end while new ENA supply enters the market.

Can USDe growth stay strong enough to absorb ENA's rising supply?

#ETHENA

$ENA

Bitwise launches the Ethena market on Jupiter Lend.

This will enable offering institutional clients credit products secured by Ethena assets.

The new platform is targeted at large-capital clients and expands lending capabilities within the ecosystem.

#BITWISE #ETHENA