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Here's what happened @ethena in May: • Crossed $500m+ in total Whitelabel supply across @JupiterExchange, @megaeth, and @SuiNetwork. • Launched dedicated Ethena markets on @JupiterExchange and @KaminoFinance. Combined market size crossed $1b within days of launch. • ENA went live on @Solana via @sunrise. • Ethena's TVL on @Solana crossed $500m, up from $50m a month ago, making it Ethena's second-largest chain outside of Ethereum. • USDe supply grew over 15% in the last 30 days. • USDtb supply is back above $1 billion, up over 70% in the last 30 days. • Surpassed $33b in cross-chain transfer volume across all Ethena assets via @LayerZero_Core. • PT-srUSDe by @Stata_Markets hit $45m supplied on @aave. • @hyenatrade crossed $2m in all-time USDe rewards to traders. • @ManifestFinance chose Ethena to back USH, its real estate-backed token. • @etherealdex expanded user testing for Ethereal Predict, a USDe-native prediction market that lets users combine outcomes into multi-leg positions. • Published an analysis of the basis trade on gold perpetuals, following the recent post on USDe backing diversification. • Updated the transparency page with a more detailed breakdown of USDe's backing reserves. • Published a security post on the recent rsETH incident, covering what happened, the response, and the design decisions that protect USDe. • Deprecated USDe and sUSDe bridging for several chains focusing security and operational resources where USDe activity is most meaningful.
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