Ethena’s USDe supply on Solana increased by more than $450 million over a four-day period, according to DefiLlama (decentralized finance data tracker). The data indicates that USDe circulating on Solana is now almost 10 times larger than the supply on HyperliquidX Layer 1 (base blockchain network). The move points to a rapid expansion of the synthetic dollar token across blockchain ecosystems and highlights Solana’s growing role as a venue for stable-value crypto activity.