$AAVE $ENA
Ethena Assets on Aave Reach ATH Thanks to "Liquid Leverage" Initiative
The total value of assets related to Ethena provided on Aave has reached a new all-time high (ATH) of 4.3 billion USD, following the official launch of the "Liquid Leverage" initiative.
This growth mainly comes from users rolling over from the PT-sUSDe-July market to PT-sUSDe-September, along with new capital inflows from both sUSDe and USDe, driven by the newly implemented incentive programs.
Currently, the PT-sUSDe-September market accounts for up to 50% of the total supply of sUSDe (~2.45 billion USD), of which 1.97 billion USD is being held on Aave. If we also consider the "pure" sUSDe positions on the platform, more than 64% of the total supply of sUSDe is currently deployed on Aave - reflecting an increasing level of integration between Ethena and the largest lending protocol in the crypto market.
Notably, on July 30, the highest daily net inflow of Ethena assets into Aave was recorded, which was 2.2 times the previous peak recorded on December 8, 2024.
ENA is quite strong, is there anyone holding this asset?