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Recently, the ENA ecosystem has experienced significant growth momentum, mainly due to the rapid expansion of USDe. Data shows that the supply of USDe has surpassed the 9.1 billion USD mark, setting a new historical high. This growth has not only driven the widespread application of USDe in major currency markets, with over 5 billion USD deployed on platforms like AAVE, but it has also brought positive effects to the entire ecosystem.
With the continuous growth of USDe, projects within the ENA ecosystem such as Converge, Ethereal, and Terminal are gradually receiving more attention. This positive feedback loop is driving the entire ecosystem forward, bringing more opportunities to participants.
It is worth noting that the success of USDe may attract more attention from traditional financial (TradFi) institutions. As USDe continues to create new historical highs, we may see more traditional financial institutions start to pay attention and participate in this emerging market.
Overall, the ENA ecosystem is currently showing strong development momentum. The growth of USDe not only drives the expansion of the ecosystem but may also pave the way for attracting more institutional investors in the future. However, investors still need to be cautious and closely monitor market dynamics in order to seize potential investment opportunities in a timely manner.