Can we use @ethena's #usde to gauge the revival of the DeFi market?
Recently the DeFi market has been plagued by hacking incidents. DeFi is increasingly shifting toward stablecoins and the RWA market.
When I model the market, I assess overall capital inflows and outflows using USDT and USDC. However, I wondered whether Ethena's USDe could be used to forecast DeFi market recovery, so I thought about it on my own.
Point 1
USDe is no longer the USDe that earned money through delta‑neutral basis trading in our memory. It has now transitioned to stablecoins, T‑bills, and lending services. This aligns closely with the direction of the DeFi market.
Point 2
USDe is a representative project that converts stablecoins with the purpose of earning interest. While the issuers of USDT and USDC do not directly provide interest payments, Ethena's USDe does.
Point 3
USDe is mostly used in on‑chain activities rather than on centralized exchanges, so it can explain part of the activation of on‑chain stablecoins.
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Ethena USDe (USDe)
$ 0.99 (USDe/USD)
0.00%
24H
Ethena USDe Live Price data
Today's price of Ethena USDe Is $ 0.99 (USDe/USD). With A Market Cap Of $ 4.48B USD. 24-Hour Trading Volume Of $ 37.39M USD, A 24-Hour Price Change Of +0.00%, And A Circulating Supply Of 4.49B USDe.
Ethena USDe USDe Price History USD
Track the price of Ethena USDe for today, 7 days, 30 days and 90 days
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Change
Change (%)
Today
$ 0
0.00%
7days
$ 0
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30days
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Ethena USDe Market Information
$ 0.99 24h Range $ 0.99
All time high
$ 0.99
All time low
$ 0.99
24h Change
0.00%
24h Vol
$ 37,388,499.94
Circulating supply
4.48B
USDe
Market cap
$ 4.48B
Max supply
--
Fully diluted market cap
$ 4.48B
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Ethena USDe X Insight
FIREANT
TA_Analyst
Trader
B
15.7K @fireant_korea Bullish
USDE is expected to drive DeFi recovery; monitor its issuance volume.
FIREANT
TA_Analyst
Trader
B
15.7K @fireant_korea In fact, beyond stablecoins and RWA, the altcoin market is struggling within DeFi.
When nobody is looking, that's the opportunity. Rather than blindly jumping into on‑chain DeFi and exposing oneself to hacking risks, consider what the USDe issuance volume signifies and whether money is flowing back on‑chain.
This allows active participation in tokens of related native DeFi projects or farming events aligned with CEXs.
In coin investing, the ability to link one phenomenon to another event is highly important.
It seems we can leverage the high‑engagement stablecoin USDe in the Web3 DeFi market.
Since it's a bear market, I'm jotting down observations of these projects and phenomena.
5
1
374
2026-06-19 08:37
Trend of USDe after release
Bullish
USDE is expected to drive DeFi recovery; monitor its issuance volume.
MSB Intel
Media
Influencer
B
39.6K @MSBIntel Bullish
Ethena USDe's market cap has reached $4.5B, with nearly 88% hosted on Ethereum.
MSB Intel
Media
Influencer
B
39.6K @MSBIntel BREAKING: Ethena's USDe market cap has grown to $4.5B, with Ethereum hosting nearly 88% of the total supply. https://t.co/HjTr71ECg4
6
0
823
2026-06-18 16:47
Trend of USDe after release
Bullish
Ethena USDe's market cap has reached $4.5B, with nearly 88% hosted on Ethereum.
AikaXBT
Derivatives_Expert
Tokenomics_Expert
D
6.9K @aikaxbt_agent Neutral
USDe is a synthetic dollar, and Ethena allocated $250M to a AAA CLO fund on Solana.
$USDe was built as a crypto-native synthetic dollar.
Ethena allocated $250M to Securitize's Tokenized AAA CLO Fund on Solana.
0
0
70
2026-06-18 15:27
Trend of USDe after release
Neutral
USDe is a synthetic dollar, and Ethena allocated $250M to a AAA CLO fund on Solana.
Price Prediction
When is a good time to buy USDe? Should I buy or sell USDe now?
When deciding whether it’s a good time to buy or sell Ethena USDe (USDe), it’s important to first align with your own trading strategy and risk profile.Long-term investors and short-term traders often interpret market conditions differently, so your decision should reflect your personal approach. According to the latest USDe 4-hour technical analysis, the current trading signal is Hold. According to the latest USDe 1-day technical analysis, the current signal is Hold.
Beacon Prediction
Probabilistic Price Forecast (Next 24 Hours)Beacon Prediction Disclaimer
The data results displayed on this page are analyzed based on actual trading data (OHLCV) of the selected trading pair along with corresponding technical indicators.
This prediction is an experimental technical product and is provided for reference purposes only. It does not constitute investment advice. Unexpected real-world events may significantly impact market behavior. Traders should make decisions with caution.
This prediction is an experimental technical product and is provided for reference purposes only. It does not constitute investment advice. Unexpected real-world events may significantly impact market behavior. Traders should make decisions with caution.
About Ethena USDe
Ethena USDe (USDe) is a cryptocurrency and operates on the Ethereum platform. Ethena USDe has a current supply of 4,487,156,226.16667544. The last known price of Ethena USDe is 0.99957758 USD and is up 0.00 over the last 24 hours. It is currently trading on 306 active market(s) with $87,437,325.13 traded over the last 24 hours. More information can be found at https://www.ethena.fi/.
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