The market cap of Ethena's synthetic stablecoin USDe has nearly halved since the "1011 crash."

According to Odaily, the market capitalization of Ethena's synthetic stablecoin USDe has nearly halved since the "1011 crash," with a net outflow of approximately 8.3 billions USD. Data from CoinMarketCap shows that as of October 9, the market cap of USDe was close to 14.7 billions USD. In just over two months, its market cap dropped to around 6.4 billions USD.