• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Less Than 4% Worldwide Own Bitcoin: River Study

    Less Than 4% Worldwide Own Bitcoin: River Study

    Galaxy Digital CEO Predicts Bitcoin Surge with New Fed Chair

    Galaxy Digital CEO Predicts Bitcoin Surge with New Fed Chair

    Experts Dispel Bitcoin Crash Rumors to $94K in 2025

    Experts Dispel Bitcoin Crash Rumors to $94K in 2025

    Zeus Network Introduces BitcoinKit for Solana DeFi Integration

    Zeus Network Introduces BitcoinKit for Solana DeFi Integration

    U.S. Inflation Hits 2.7%, Bitcoin Surges

    U.S. Inflation Hits 2.7%, Bitcoin Surges

    Bitcoin and Ethereum Options Expiry Influences Market Volatility

    Bitcoin and Ethereum Options Expiry Influences Market Volatility

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Ethereum's Exchange Supply Drops to 2016 Levels

    Ethereum’s Exchange Supply Drops to 2016 Levels

    BitMine Acquires 264K ETH, Becomes Largest Institutional Holder

    BitMine Acquires 264K ETH, Becomes Largest Institutional Holder

    BitMine Increases Ethereum Holdings by 264K ETH

    BitMine Increases Ethereum Holdings by 264K ETH

    XRP's mXRP Vault and DeFi Evolution

    XRP’s mXRP Vault Reaches $22M in TVL

    SEC to Decide on First Solana ETF by October 2025

    SEC to Decide on First Solana ETF by October 2025

    Pi Network Rumors: Could a Binance Listing Be on the Horizon?

    Pi Network Rumors Suggest Potential Binance Listing

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Ethena’s USDe Reaches $5.7B Cross-Chain Volume Milestone

Solomon M. by Solomon M.
August 9, 2025
in Altcoin News
futuristic financial cityscape
Key Takeaways:
  • Ethena’s USDe achieves $5.7B cross-chain trading.
  • Third-largest synthetic dollar by volume.
  • Supported by Binance Labs and Dragonfly Capital.
ethenas-usde-reaches-5-7b-cross-chain-volume-milestone
Ethena’s USDe Reaches $5.7B Cross-Chain Volume Milestone

Ethena’s synthetic dollar USDe has reached a cross-chain volume of $5.7 billion, becoming the third-largest synthetic dollar by market cap, supported by Dragonfly Capital and Binance Labs.

MAGA

The surge highlights Ethena’s growing influence in decentralized finance, driving increased liquidity and adoption across 23 networks, potentially impacting Ethereum and Bitcoin derivatives through expanded crypto derivatives activities.

Ethena’s synthetic dollar USDe has exceeded $5.7 billion in cross-chain volume, securing the position as the third-largest synthetic dollar by market capitalization. This highlights the strong traction and influence of synthetic stablecoins within the cryptocurrency ecosystem.

Key players involved in this growth include Ethena’s team, with prominent backing from Dragonfly Capital and Binance Labs. Their support has been pivotal in driving adoption and ensuring liquidity across 23 blockchain networks via LayerZero integration.

Impact on DeFi and Market Dynamics

The rise of USDe impacts DeFi markets, enhancing liquidity and accessibility across numerous blockchain platforms. This achievement underscores the role of stablecoins in facilitating efficient interchain transactions and providing stable value in volatile markets.

Financially, USDe’s model of using crypto derivatives and hedging rather than fiat reserves promotes capital efficiency. It differentiates itself in a crowded market, influencing both institutional and retail investors’ preferences in synthetic assets.

Historical Context and Future Outlook

Historical parallels exist in the form of DAI and FRAX’s market surges, indicating potential for governance token value growth if applicable. Ethena may push regulatory and operational boundaries within the synthetic asset space as adoption increases.

Potential outcomes of USDe’s growth include increased regulatory scrutiny and technological innovations in the stablecoin sector. Historical market data suggests such growth can positively affect collateral assets like ETH and BTC, enhancing broader crypto market stability.

Industry Insights and Perspectives

Guy Young, Co-founder, Ethena Protocol, stated, “The $5.7 billion cross-chain volume illustrates the burgeoning demand for synthetic assets and the strong trust placed in USDe across multiple platforms.” – source

An industry analyst noted, “The performance of USDe is reminiscent of previous successful synthetic stablecoins, indicating a potentially transformative moment for DeFi markets.” Further exploration of the crypto trading landscape reveals various strategies and options for engaging with synthetic and traditional assets.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Arthur Hayes Reacquires Ethereum After Higher Price Sale

Next Post

Ethena’s USDe Reaches $5.7B in Cross-Chain Volume

Solomon M.

Solomon M.

Related Posts

Ethereum's Exchange Supply Drops to 2016 Levels

Ethereum’s Exchange Supply Drops to 2016 Levels

by Solomon M.
September 27, 2025

Ethereum's exchange supply falls to a low unseen since 2016, amid rising staking trends.

BitMine Acquires 264K ETH, Becomes Largest Institutional Holder

BitMine Acquires 264K ETH, Becomes Largest Institutional Holder

by Solomon M.
September 27, 2025

BitMine acquires 264,400 ETH, surpassing 2% of circulating Ethereum supply.

BitMine Increases Ethereum Holdings by 264K ETH

BitMine Increases Ethereum Holdings by 264K ETH

by Solomon M.
September 27, 2025

BitMine boosts Ethereum holdings by 264K ETH, holding over 2% of supply.

XRP's mXRP Vault and DeFi Evolution

XRP’s mXRP Vault Reaches $22M in TVL

by Joshua T.
September 27, 2025

The mXRP Vault, surpassing $22M TVL, propels XRP into DeFi, driven by Midas and Axelar.

SEC to Decide on First Solana ETF by October 2025

SEC to Decide on First Solana ETF by October 2025

by Solomon M.
September 27, 2025

The SEC to announce its decision on the first Solana ETF, involving major asset managers like Fidelity and Grayscale, by...

Pi Network Rumors: Could a Binance Listing Be on the Horizon?

Pi Network Rumors Suggest Potential Binance Listing

by Solomon M.
September 27, 2025

Speculation surrounds Pi Network's possible Binance listing after Sign Protocol collaboration.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.