Intelligence company IntoTheBlock revealed a new tool for measuring risks associated with USDe, the stablecoin from Ethena Labs.

Ethena now has a range of advanced risk indicators to assess financial risks accurately.

Exciting news! @ethena_labs has joined the DeFi Risk Radar, offering detailed risk indicators for its platform and synthetic stablecoin, USDe.

The comprehensive chart includes important data like sUSDe price movements, USDe stability monitoring, price volatility, and liquidity on decentralized exchanges. Users can get a complete picture of how the stablecoin is performing and its level of stability.

In addition, the radar provides insights into DEX exit fees, pool concentration, distribution of assets in the curve pool, and price changes of USDe based on pool/protocol.

Furthermore, it's crucial for investors and traders using the Ethana blockchain to have access to the stablecoin market depth feature.

The release of the new risk radar tool comes as concerns grow about the sustainability of USDe due to the protocol's high staking yields of 37%.

Some experts believe that Ethena's approach of capitalizing on price differences between futures and spot markets may only succeed during bullish market conditions.

USDe's Expansion

Ethena's stablecoin now has a market cap of over $2.3 billion, a significant increase of 400% from $350 million in February.

The company experienced remarkable growth in March, with revenue surpassing $25 million.

Additionally, the altcoin ENA has shown impressive price movements over the past month, rising by 80% to the current price of $1.24.

However, the altcoin declined by more than 11% in the last 24 hours as bearish sentiments dominated the broader cryptocurrency market.