BlockBeats news, on May 19, according to ai_9684xtpa monitoring, thanks to the recent significant rebound in the BTC & ETH markets, the contract funding rates of the two major cryptocurrencies have recently increased. The USDe supply surged by 300 million dollars in the past week, bringing the total supply to 4.98 billion dollars. The two phases with the maximum slope and the longest duration on the supply curve:
2024.02-04: BTC breaks the 70,000 dollar mark, USDe supply exceeds 2 billion; 2024.10-12: BTC stands at 100,000 dollars, USDe supply approaches 6 billion, with an increase of about 4 billion dollars in supply over 8 weeks, and capital inflow even surpasses that of the Ethereum ETF. As the core asset of Ethena, USDe's business performance will also be reflected in the ENA coin price, and there is usually some lag.
