The supply of USDe has exceeded 8.4 billion US dollars, with an increase of over 3.14 billion US dollars within 20 days

According to CoinDesk, the supply of Ethena's synthetic stablecoin USDe has exceeded $8.4 billion, an increase of over $3.14 billion in 20 days, surpassing the amount of funds flowing into BlackRock's flagship Bitcoin and Ethereum ETFs. During the same period, the inflow of funds into the BlackRock Bitcoin ETF was $1.6 billion, and the inflow of funds into the BlackRock Ethereum ETF was $2.75 billion. According to on chain data compiled by the Ethena community, the supply growth since July 17th is the fastest growing period for the protocol since its establishment in February 2024. In addition, Ethena's governance token ENA surged nearly 120% last month.