With an innovative approach and a focus on decentralization, the $ENA token and the Ethena protocol present themselves as a promising alternative in the DeFi landscape, offering stable and accessible solutions to users worldwide.
ENA reached its historical maximum price of US$ 1.52 on April 11, 2024. After this peak, the token faced a significant correction with the decline of the entire cryptocurrency market, hitting a low of US$ 0.1951 on September 6, 2024. Since then, ENA has shown signs of recovery whenever the $BTC appreciates.
With an innovative approach and strategic collaborations, ENA continues to solidify its position in the DeFi ecosystem. Recent partnerships and a focus on rewarding token holders indicate a continued commitment to sustainable growth and the appreciation of ENA.
Recent partnerships:
Wintermute (institutional market)
BUIDL Fund (BlackRock) and Securitize → relevant institutional support;
Integrations with Binance, OKX, Bybit, Bitget → improves liquidity and accessibility.
These partnerships strengthen confidence in the project and help build a stable and growing user base.
Revenue and Business Model: With the recent approval of fee-sharing, the token now has characteristics similar to stocks that distribute dividends.
This creates intrinsic value and causes the token to be seen not just as speculation, but also as a cash flow generator.
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The current price of ENA (US$ 0.38) is well below the historical high of US$ 1.52 and close to levels that, for many analysts, represent a discount compared to the fundamental value.