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TVL Trend Analysis & Liquidity Risk Assessment: Ethena USDe

TVL Trend Analysis & Liquidity Risk Assessment: Ethena USDe Target Protocol : Ethena USDe (TVL: $4903.3M) Technical Security & Audit Report TVL Trend Analysis & Liquidity Risk Assessment – Ethena USDe…

  • Ethena USDe stablecoin pegged to US dollar operates on Ethereum and Layer 2 rollups
  • TVL grew 5% monthly from Jan 2025 to Sep 2026, reaching $4.903 billion
  • Main risks include liquidity exposure, oracle manipulation, governance vulnerabilities

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