A multitude of developments is surrounding
Ethena (ENA), an emerging player in the DeFi and stablecoin sectors.
ENA's USDe stablecoin, backed by Ethena, has gone live on
Sui with an impressive $10 million yield vault launch. The coin is gradually gaining traction, with notable price prediction indicating a 30% rally towards $0.62 if the current support at $0.46 holds. Increased backing is observed, with
M2 Capital investing $20M and
CZ's Family office deepening its stake in Ethena Labs.
StablecoinX secured a sizeable $530M investment to back Ethena-linked Treasury. Ethena’s USDe Stablecoin recently hit an all-time high market cap of $9.3 billion, indicating significant growth and acceptance. Ethena's total value locked (TVL) has skyrocketed to $16 billion, with substantial deposits hitting Binance. Despite the recent token unlocks, the ENA price has experienced surges hinting at robust market sentiment. Anchorage Digital has partnered with Ethena Labs to provide GENIUS-compliant stablecoin, implying regulatory compliance. Still, Ethena's proposal to race for Hyperliquid's stablecoin faced some controversy, leading to their withdrawal. Despite some hiccups such as temporary depegging on Binance and the USDe losing its dollar peg briefly amid crypto market tumult, the overall outlook remains positive. The Ethena treasury company has raised a significant $360 million, drawing attention to its innovative approach to crypto finance.
ENA Coin News Analytics from Thu, 17 Apr 2025 07:00:00 GMT to Wed, 11 Feb 2026 14:01:36 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor -2
