Ethena (ENA) Price Rises 14% Amid Increased Market Activity
Ethena's native cryptocurrency, ENA, has surged over 14% in the last 24 hours, reaching a market cap of approximately $3.95 billion. The current price is $0.6230, a significant recovery from the previous week.
Key Highlights
- ENA price increased by 14.84% within 24 hours.
- 24-hour trading volume rose by 33.59%.
- USDe stablecoin now ranks as the third-largest, with a supply increase of 75% over the past month, totaling $9.3 billion.
- Ethena protocol’s Total Value Locked (TVL) exceeds $9.47 billion, ranking sixth in DeFi.
- Ethena plans to issue a USD-compliant stablecoin in partnership with Anchorage Digital following the passage of the GENIUS Act.
These developments reflect growing demand for USDe in the DeFi sector and an increase in investor interest in Ethena's offerings.