Ethena Labs' newly launched Liquid Leverage product has attracted over $1.5 billion in inflows since its debut in late July 2025. Developed in collaboration with Aave, this DeFi product enables users to engage in leveraged yield strategies through Aave's Ethereum Money Market. In response to the increased demand, Aave has raised deposit limits for sUSD to $350 million and USD to $300 million, facilitating greater user participation. The launch of Liquid Leverage reflects a growing trend in DeFi towards diversified yield opportunities, reminiscent of Maker's DAI expansion in 2021. Despite potential regulatory scrutiny due to its rapid adoption, Ethena's offering continues to draw significant market interest. Currently, Ethena Staked USDe is priced at $1.19, with a market cap of $5.01 billion and a 24-hour trading volume of $9.73 million, up 6.38%.