Ethena integrates Binance, Bybit, OKX and Bitget exchange Web3 wallets! It is expected to expand the market value of USDe

After locking $ENA with more than half the value of the pledged USDe position to get a 50% extra point reward, the synthetic USD stablecoin protocol Ethena will cooperate with major exchanges to launch a new Incentives.

Lock USDe through four exchange wallets and enjoy a 20% reward bonus

Last night (10th), Ethena Labs announced that it has cooperated with four leading exchanges including Binance, Bybit, OKX and Bitget Reach cooperation. Users only need to lock USDe through the Web3 wallet of these platforms for at least 7 days to enjoy a 20% reward bonus, which is equivalent to 24 times the Sats reward.

It is worth noting that this 20% reward bonus will not stack with other rewards, such as the 50% $ENA bonus or the 20% loyalty bonus in the first quarter.

This is undoubtedly expected to stimulate further expansion of the market value of USDe. CoinGecko data shows that the market value of USDe has now exceeded US$2.33 billion. Since the start of the second quarter points activity (4/2), it has grown significantly by 45.62% in less than 10 days, firmly occupying the fifth largest stablecoin throne, close to The market value of FDUSD, a stablecoin backed by Binance, is US$3.29 billion.

Giant Whale pledged over 38 million $ENA

In addition, Lookonchain monitoring on-chain data pointed out that since Ethena launched the second quarter staking reward plan, more than 1 million has been withdrawn and locked from the exchange There are already 10 wallets holding $ENA, and currently, the total amount locked in these wallets reaches 37.5 million ENA, worth approximately $51 million.

The latest wallet that locked more than 1 million $ENA was on the 8th. A wallet with an address starting with "0x523b" invested 436 ETH (approximately 1.6 million US dollars), with each 1.16 million ENA were purchased at a price of $1.39 and locked.

$ENA broke through a new high of $1.5 in a short time

Perhaps affected by the continued incentives, the price of $ENA has been rising steadily since its launch on the 2nd. According to Binance spot market data, $ENA soared to $1.51 in the early hours of this morning, setting a new all-time high.

Before the deadline, it was currently trading at US$1.42, up more than 5% in the past 24 hours, with a market value of US$2 billion, ranking 59th in the cryptocurrency market value rankings.

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