ChainCatcher message, according to the popularity index ranking data from the Web3 asset data platform RootData, as of November 27th, 10:00, the top five projects in the Web3 popular projects Top 100 are: Thena, Side Protocol, Movement, Zircuit, MemeFi.In addition, Uomi has seen the largest ranking increase, rising 1073 positions overall.It is reported that RootData has launched the first "Web3 Popular Projects Ranking." This popularity ranking helps users capture the real pulse of attention and improve the accuracy of investment decisions through 4.3 million real user behavior data. The ranking is calculated in real-time based on weighted factors such as the frequency of searches by platform users, project click rates, user votes, and the popularity and influence on the X platform.

ChainCatcher news, according to CoinMarketCap market data, may be influenced by the news of "Binance HODLer airdrop launching the second project Thena (THE)", with the Thena token THE briefly breaking through $1.09, and a 24-hour increase of 323%.

ChainCatcher news, according to the official announcement, the Binance HODLer airdrop has launched the second phase project Thena (THE). Thena is a DEX and liquidity layer built on the BNB chain and opBNB.Users who subscribe to BNB Simple Earn Flexible or Locked products from 00:00 on November 6, 2024, to 23:59 on November 13, 2024 (UTC) will receive airdrop allocations. The THE HODLer airdrop page is expected to go live within twelve hours, and the new tokens will be distributed to users' spot wallets one hour before trading begins.Binance will list Thena (THE) on November 27 at 10:00 (UTC) and open trading pairs THE/BTC, THE/USDT, THE/BNB, THE/FDUSD, and THE/TRY.

ChainCatcher news, according to The Defiant, since October 17, the market capitalization of USDe has increased by $1.46 billion, a rise of nearly 61%, reaching a historical high of $3.87 billion, second only to Sky's DAI ($4.25 billion market capitalization).

ChainCatcher message, trader Eugene stated on platform X that after an increase of 1.2 billion in circulation over the past 6 weeks, the current circulation of USDe is 3.7 billion. Over the past 6 weeks, the yield of sUSDe has ranged from 10% to 25%, and Deribit has accepted USDe as collateral for stablecoins. Ethena's fee conversion proposal has also been approved, ensuring that sENA holders are the primary beneficiaries of the protocol's success. These developments have exceeded expectations for ENA from 2 months ago, leading to a higher target price adjustment for ENA.

ChainCatcher news, Ethena Labs founder Guy Young stated on social media that the supply of USDe has begun to show parabolic growth, with over $700 million in new supply added in the past three weeks, surpassing the total supply of PayPal's PYUSD or BUIDL.The Aave integration expected to be announced today is projected to provide billions of dollars in supply demand for USDe within the next month. Additionally, the listing of collateral on two new centralized exchanges will be launched next week.

ChainCatcher news, Ethena founder Guy Young stated that under the current market conditions, bulls need to pay a funding rate of 66 million dollars every day.

ChainCatcher news, Ethena's official response to the doubts on Discord and X, confirming that no locked team or investor tokens were staked to obtain Ethereal rewards for sENA. The official stated that any transferred ENA is unlocked according to the original unlocking plan, and the tokens in the relevant wallets are unlocked foundation tokens, which will not participate in any Ethereal airdrops or related rewards.In addition, to enhance transparency, the total amount of future airdropped sENA will be displayed in the interface this week, excluding the currently undistributed sENA.

ChainCatcher news, according to official sources, the Ethena Foundation has proposed to integrate Hyperliquid Ethena liquidity with USDe.The proposal states that Hyperliquid L1, as a qualified venue for its hedging flow, needs to undergo technical and legal due diligence. If approved, the integration will be implemented gradually and in a controlled manner under the guidance of the risk committee. Hyperliquid has over 200,000 users, with daily trading volumes typically ranging from $1 to $4 billion, and an open interest exceeding $1 billion, significantly larger than other on-chain perpetual DEXs.The proposal requests the Ethena risk committee to conduct due diligence on the suitability of Hyperliquid as a potential hedging venue.

ChainCatcher news, according to on-chain data analyst @ai_9684xtpa monitoring, the address 0xe87...AFe04 withdrew 6.22 million ENA from Binance an hour ago, worth 2.62 million USD, and then deposited it into Ethena to participate in staking.

ChainCatcher message, the Ethena community has initiated a proposal to include SOL as a supported asset for USDe, aiming to build a "spot and futures" hedging mechanism around SOL, similar to that of BTC and ETH.The proposal states that SOL can provide higher funding rates than BTC and ETH. Including SOL as collateral can further advance the integration of Ethena and Solana, and can also increase protocol revenue when market conditions improve.In addition, the Solana LST bnSOL issued by Binance and the Solana LST bbSOL issued by Bybit will also be considered for inclusion in the additional supported asset category for USDe. The voting on this proposal is currently ongoing.

ChainCatcher news, top trader Eugene Ng Ah Sio posted on social media that Ethena is the fastest-growing DeFi product in history. It has scaled its yield stablecoin to $3 billion within a few months, and since its inception, no other stablecoin has grown as quickly as USDe. The first chapter of the Ethena story focuses on building a secure, high-quality stablecoin. It has withstood the test during extreme market volatility, and now the goal is to compete for the largest prize in cryptocurrency—the $160 billion market share of Tether.At this point, Ethena is beginning to transition from a DeFi-native stablecoin to a legitimate stablecoin competitor with a superior value proposition and significantly improved distribution channels. The introduction of USTb, the recent participation of Blackrock financial products, and the decline in interest rates have gradually matured the conditions for Ethena, which is now in a leading position, poised to make USDe the dominant stablecoin in cryptocurrency.Due to numerous inefficiencies in the market, you now have the opportunity to purchase this emerging powerful competitor at 1/4 of WIF's market cap, entering the largest market segment in cryptocurrency.Although ENA is the only major new product in this cycle with a clear product-market fit (PMF), its trading ranking on Coingecko hasn't even entered the top 100. From a technical analysis perspective, ENA's high time frame charts are very clean. Combined with fundamental drivers and reduced inflationary pressures, I can easily foresee ENA returning to the $1 level. This wouldn't even put ENA in the same market cap league as WIF, only matching POPCAT's recent $1.5 billion circulating supply.Looking ahead, Ethena has the foundation to expand USDe to tens of billions or even hundreds of billions. Ultimately, as crypto stablecoins gain greater market share due to international cross-border payments, a trillion dollars is not out of the question. At this point, considering that ENA is the best product targeting the largest market in the crypto space, I would be surprised if it does not become one of the top 20 coins. When this will happen remains unknown, but Ethena is my bet on the next significant dream in the crypto space for this cycle.

According to ChainCatcher news, Ethena Labs has announced that it has determined the RWA allocation plan for the reserve fund. After evaluation by the risk committee, four standout assets were selected from 25 proposals: BUIDL (Blackrock/Securitize), USDS (Sky), USTB (Superstate), and USDM (Mountain).The risk committee is composed of five industry-leading risk and consulting firms, including Gauntlet, Block Analitica, Steakhouse, Llama Risk, and Blockworks Advisory. The allocation of the reserve fund is expected to take place in the coming days, during which the reserve fund balance may experience temporary fluctuations.The risk committee will continue to monitor these allocations and provide regular risk updates to the community. This RWA allocation aims to optimize the asset allocation of the Ethena reserve fund, improving the efficiency and security of fund utilization. A detailed decision review can be found on the official governance forum of the Ethena Foundation.

ChainCatcher news, HashKey HSK announces a partnership with THENA to launch a community event. The two parties will first collaborate on the airdrop event of HashKey platform token HSK, and plan to conduct in-depth cooperation in community incentives in the future, jointly promoting the development of the Web3 ecosystem.HSK is the platform token of HashKey, with a total issuance of 1 billion tokens. As an important part of the ecosystem, HSK will be widely used in various core application scenarios of the platform, including community rewards and cross-platform collaborations.THENA is a leading ecological liquidity market on the BNB Chain, adopting a community-driven ve(3,3) model DEX, providing spot and perpetual contract trading services.

According to ChainCatcher news and the official announcement from Ethena, the sENA distributed in the second season airdrop will be available for claiming on October 3rd local time. At that time, the Ethena application will provide a direct claiming option, and users will not need to click any other claiming links.

ChainCatcher news, according to official news from Ethena Labs, the Ethena community initiated a new proposal regarding Ethena governance a few hours ago. Ethereal Exchange is requesting community approval to launch a new spot and perpetual DEX based on USDe, and to integrate it into the Ethena hedging engine and liquidity. The proposal includes allocating 15% of Ethereal tokens to ENA holders, and a snapshot will be released soon for voting.