PANews reported on November 23 that trader Eugene said on the X platform that after adding 1.2 billion in circulation in the past 6 weeks, USDe is currently in circulation at 3.7 billion. In the past 6 weeks, the yield of sUSDe has increased from 10% to 25%, and Deribit has accepted USDe as stablecoin collateral. Ethena's fee conversion proposal has also been approved, and these fee conversions guarantee that sENA holders are the main beneficiaries of the success of the protocol. These developments exceed expectations for ENA 2 months ago and have adjusted ENA's target price higher.