Ethena (ENA), a firm noted for its efforts in the crypto sphere, has made significant strides in expanding its influence and strengthening the position of its token. The company has partnered with
Jupiter to launch a
Solana-native JupUSD stablecoin, revealing its dynamic approach to innovation in the blockchain.
Ethena labs have been backed by
M2 capital with a $20M ENA token investment, marking a significant step in solidifying its financial platform. In addition, with the surge in its token price and achieving remarkable milestones such as a
$10B TVL highlighted its strong momentum, further fueling its bullish stance in the market. Ethena's
USDe stablecoin has also gained traction, gaining a market capitalization high of
$9.3 billion, outpacing even BlackRock’s Bitcoin and Ether ETFs in terms of inflow surge. Other notable developments include securing a
$530M investment to back Ethena-linked Treasury with StablecoinX and a partnership with
Anchorage Digital to issue a USDtb Stablecoin in the U.S. under the GENIUS Act. Despite some setbacks, such as withdrawing from the
Hyperliquid’s USDH stablecoin bid and apprehensions about massive token unlocks, Ethena has managed to maintain its bullish momentum in the market. However, the final direction for Ethena, as predicted by crypto market analysts, still seems largely speculative and subject to changes in the volatile cryptosphere.
ENA Coin News Analytics from Thu, 05 Jun 2025 07:00:00 GMT to Wed, 08 Oct 2025 18:44:04 GMT -
Rating 7
- Innovation 7
- Information 8
- Rumor 3
