Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
A few big brothers are back to their old tricks of high-level CX again. The big money can only say that those who listen to it have it for life.
The battle for the third throne of stablecoins is heating up between Sky and Ethena.
From the 90-day supply change, sUSDS has a net inflow of over 3 billion dollars, while sUSDe has actually flowed out nearly 1.6 billion. On the books, Sky is already far ahead.
However, I think it's still too early to say Ethena is out.
These guys are not to be underestimated. When the bull market truly arrives, the high-yield narrative can easily reignite market enthusiasm.
Moreover, BlackRock's BUIDL is also shrinking, while the traditional RWA track's USYC is quietly attracting funds. The two Maple-based products are basically lying flat.
Don't be fooled again by the big brothers. The real show will be in Q1/Q2. It's still too early to place bets now.