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Ethena stablecoin’s real-time risk monitor chart goes live

By:
on Apr 13, 2024
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  • IntoTheBlock produced the on-chain risk radar for Ethena’s USDe.
  • It covers vital USDe metrics, including price performance, DEX liquidity, & pegging.
  • ENA price mimicked current broad market tendencies.

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Intelligence firm IntoTheBlock unveiled an on-chain risk monitor for Ethena Labs’ stablecoin – USDe -, offering top-notch risk indicators.

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The detailed chart covers vital metrics, including sUSDe price actions, USDe peg monitor, volatility distribution, and DEX liquidity. Also, users can have a comprehensive view of the stablecoin’s performance and stability.

Source – IntoTheBlock

Also, the radar incorporates analyses of DEX exit fee simulation, DEX pool concentration, curve pool asset distribution, and USDe price deviation by pool/protocol.

Moreover, the stablecoin market depth feature remains vital for investors and traders interacting with the Ethana blockchain.

Meanwhile, the latest risk radar feature comes amid surged questions about USDe’s sustainability, considering the protocol’s massive 37% staking yields.

Some industry experts believe Ethena’s strategy of capitalizing on price differences between futures and spot marts could only survive during bull runs.

USDe’s growth

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Ethena’s stablecoin has a market capitalization above $2.3 billion at press time, a massive 400% increase from around $350 million in February.

Ethena saw tremendous growth over the past month, with March revenue exceeding $25 million.

Also, altcoin ENA recorded impressive price actions within the last 30 days, gaining 80% to press time levels of $1.24.

ENA 1 Month Chart

However, the altcoin lost over 11% in the past day as bears dominated the overall crypto market.

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