USDe Stablecoin Launches on Hyperliquid and HyperEVM, but ENA Token Crashes

By: crypto economy|2025/05/06 19:30:03
0
Share
copy
TL;DREthena Labs has launched its USDe stablecoin on both the Hyperliquid DEX and the HyperEVM blockchain, introducing a scalable, yield-generating digital asset for decentralized finance.USDe offers daily rewards for HyperCore users, seamless cross-chain transfers via LayerZero and Stargate Finance, and integration with leading DeFi platforms like Euler Finance and Curve Finance.In contrast, the ENA token experienced a dramatic crash shortly after the launch, as shifting investor focus and uncertainties in its tokenomics triggered significant market volatility.Ethena Labs has unveiled its USDe stablecoin on the Hyperliquid DEX and the HyperEVM blockchain. This significant development brings forth a scalable, yield-generating digital dollar aimed at enhancing DeFi activities. Meanwhile, the ENA token, a key component of the platform’s ecosystem, experienced a sudden drop, catching investors and traders off guard amid unexpected market fluctuations.https://twitter.com/ethena_labs/status/1919373849097109991USDe Takes Center StageUSDe is engineered for versatility and cross-chain functionality. HyperCore users holding at least 100 USDe now receive daily rewards based on their 24-hour average balance. These incentives, distributed automatically via the Merkl platform, promote sustained liquidity and long-term participation. Moreover, USDe supports seamless transfers between HyperCore and HyperEVM through Stargate Finance, powered by LayerZero, facilitating effortless movement of assets. With strategic partnerships in place, users can borrow against USDe collateral on leading DeFi platforms, including Euler Finance and Felix Protocol. Yield opportunities expand further on Curve Finance, where pairing USDe or its staked variant, sUSDe, with other assets unlocks substantial multipliers. This innovative launch positions USDe as a fundamental asset within the growing Hyperliquid ecosystem.ENA Token StumblesIn sharp contrast, the ENA token saw a dramatic decline after the introduction of USDe. Market participants attribute the decline to shifting investor focus and underlying uncertainty in tokenomics. The abrupt crash has sparked concerns among traders, highlighting the inherent volatility during major ecosystem updates. At the time of writing, Ethena’s token continues its downward trend, dropping an extra nearly 8%, and trading at around $0.26, according to data from CoinMarketCap.While some view this downturn as a temporary correction spurred by the successful stablecoin launch, others worry it may signal deeper challenges for the platform’s broader token structure. As the company forges ahead with its ambitious roadmap and next-generation DeFi solutions, the divergent fates of USDe and ENA underscore the unpredictable dynamics of digital asset markets. With further integrations, additional reward mechanisms, and evolving liquidity initiatives, stakeholders remain attentive to future developments that may restore ENA’s stability as USDe continues to drive innovation in the decentralized space. Investors now watch closely as the company navigates these turbulent shifts, anticipating renewed confidence and strategic market rebounds soon.

You may also like

500% XAUT Staking, Zero-Fee Gold Futures and $100K Rewards: Why Traders Are Turning to WEEX for Tokenized Gold

Explore WEEX's $100,000+ gold campaign featuring 500% XAUT staking, zero-fee gold contracts, and $30,000 PAXG rewards. Trade tokenized gold today.

AI within artillery range

“The cloud” is a metaphor, but the data center isn’t.

March 4th Market Key Intelligence, How Much Did You Miss?

1. On-chain Flows: $39.6M USD inflow to Hyperliquid today; $29.7M USD outflow from Base 2. Largest Price Swings: $EDGE, $POWER 3. Top News: Altman defends Pentagon deal at all-hands, calls backlash "really painful"; OpenAI also seeking NATO contracts

Taking Stock of Crypto's Washington Power Players: Who is Advocating for US Crypto Regulation?

These institutions have jointly defined the industry's underlying values, marking the U.S. crypto industry's shift to a "professionalized, ecological, and refined" era of policy gamesmanship.

DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


Uncovering YZi Labs 229 Investment: Over 18% of the portfolio is already inactive, with an average project transparency score of 78

In terms of strategic direction, YZi Labs has begun to extend into areas such as AI and stablecoins, but overall it is still in the layout and validation stage.

Popular coins

Latest Crypto News

Read more