Market question: Ethena USDe flips USDC market cap in 2024?
Category: Crypto
Tags: ethena, USDe, circle, usdc, market cap, market capitalization, market caps, price, prices, Stablecoins, Crypto, cryptocurrency, All

This is a market on whether the market capitalization of Ethena's $USDe will surpass that of Circle's $USDC within this market's timeframe, according to CoinGecko. This market will resolve based on CoinGecko's "historical data" section for each coin, currently available at https://www.coingecko.com/en/coins/ethena-usde/historical_data and https://www.coingecko.com/en/coins/usd-coin/historical_data respectively, specifically the daily "Market Cap" data.

This market's timeframe spans from April 1, 2024 to December 31, 2024 (inclusive).

If, according to the resolution source, $USDe has a greater market cap than $USDC for any day within this market's timeframe, this market will resolve to “Yes”. If the market cap of $USDe is equal to or lower than that of $USDC for every day within this market's timeframe, then this market will resolve to “No”. This market may only resolve to "No" once the December 31 market cap data is available.

Note that only the historical data numbers will be used for the comparison of the market caps.

If the URLs linking to CoinGecko's Historical Data change at any point, the new URLs will be used instead of the ones initially listed. If the resolution data for any of the relevant days remains unavailable through January 1, 2025, 12:00 PM ET, CoinMarketCap historical data will be used instead.

Outcome: No