USDe Stablecoin Surges 25,645% on Base Network
Ethena USDe (USDe)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that the stablecoin USDe has experienced a 25,645% growth rate, reaching a market capitalization of $337.2 million. This expansion occurred over the past 90 days, marking a substantial increase from its previous baseline on the Base network. CryptoTwitter commentator @tokenterminal highlighted this data, signaling a notable trend within the stablecoin sector.
USDe’s growth outpaces other assets, with U on Ethereum recording a 4,770% increase and AUSD on Monad rising by 380%. These figures indicate heightened demand and shifting preferences as users seek stability amid market volatility. Despite this capital influx, the current price of USDe is listed at $0, which suggests potential liquidity issues or limited trading activity.
Traders are exercising caution as they evaluate how this rapid expansion will influence future market dynamics. The overall market sentiment remains mixed, with various cryptocurrencies displaying fluctuating trends. This surge highlights the increasing interest in stablecoins among investors looking for promising assets. The data underscores a significant shift in the cryptocurrency landscape driven by Base-based tokens.
How the market reacted
Whalio's own Binance spot order flow for USDe, measured when this story was written up on 29 August 2026. Not the outlet's figures.
Whalio’s Binance spot data shows a price of $0.9999 with strong short-term buying pressure. The 1-hour buy ratio stands at 70.7%, while the 4-hour ratio rises significantly to 93.6%, indicating intensifying demand over the last few hours. Volume delta reflects this activity with a +$21,653 gain in the last hour and a +$211,467 gain over four hours. In contrast, the 24-hour buy ratio is lower at 52.8%, and the 24-hour volume delta is +$11,070, suggesting that the recent surge in buying is a recent development rather than a sustained daily trend. The cumulative volume delta (CVD) for the 24-hour period closes at +$188,035, with net buying occurring in 15 out of 24 hours. This data points to a sharp, recent acceleration in buyer dominance that has not yet defined the full daily average.
The latest daily buy ratio of 51.8% sits at the 56th percentile of the last 322 days, against a median of 48.5% - ordinary for this coin.
Twenty-four hours later
What USDe did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for USDe, averaged over the days leading up to the story.
Compared to the preceding week, today’s activity represents a notable deviation from the norm. The 24-hour buy ratio of 52.8% is 8.1 percentage points higher than the 7-day average of 44.7%, marking an unusual day of relative buying strength. However, the 24-hour spot volume of $200,672 is only 0.07 times the weekly average, indicating that this price action is occurring on significantly lower volume than usual. While the week saw net buying on only 2 of 7 days, today’s metrics show a clear shift toward buyer control. The 8-day volume delta total was -$5,510,851, meaning this recent positive flow is a sharp reversal against a broader weekly trend of net outflows.