JScapital 匿名美女用户(@diamondhandjs ):刷了一下USDe的数据，发现过去7天净增了近3亿美金供应，已经重返去年Q4那波启动期的斜率。当时也是先看到USDe放量，几周后$ENA从0.25拉到了1.25。这次的条件甚至更成熟了： · Telegram、Hyperliquid这些合作已经落地 · Converge也在预热阶段 · 就连美参议院也刚推进了GENIUS法案，为稳定币监管打开空间 Ethena下阶段目标是三季度把USDe推到 >12B。如果结构重演，上轮那种估值重定价可能只是个开始。稳定币正在成为“链上美元”的载体，而 Ethena，很可能是最先驶入主航道的那辆快车。 $ENA，迎接推背感？

2025.05.20 09:52

刷了一下USDe的数据，发现过去7天净增了近3亿美金供应，已经重返去年Q4那波启动期的斜率。当时也是先看到USDe放量，几周后$ENA从0.25拉到了1.25。这次的条件甚至更成熟了： · Telegram、Hyperliquid这些合作已经落地 · Converge也在预热阶段 · 就连美参议院也刚推进了GENIUS法案，为稳定币监管打开空间 Ethena下阶段目标是三季度把USDe推到 >12B。如果结构重演，上轮那种估值重定价可能只是个开始。稳定币正在成为“链上美元”的载体，而 Ethena，很可能是最先驶入主航道的那辆快车。 $ENA，迎接推背感？

G | Ethena@gdog97_

2025.05.18 15:23

The growth profile for USDe has always been non-linear and hard to forecast with periods of parabolic expansion, followed by months of flat or bleeding supply that sets higher lows through time USDe supply is back into growth for the first time in ~3 months with $300m added in the last few days to get back to ~$5b The last growth period for USDe in October last year added ~$4b of supply in under 8 weeks where inflows outpaced the majority of BTC ETFs and all ETH ETFs combined That period of growth was with a fraction of the current distribution channels we have put in place since then I expect this next leg up will be more violent than the last