Ethena (ENA) Gains Momentum Amid Surging TVL and Institutional Backing 🚀
Ethena (ENA) is trading at $0.5477 with a 0.55% daily gain, backed by strong market activity.
Its Total Value Locked (TVL) has soared over 50%, crossing $8 billion.
USDe, Ethena’s synthetic dollar, now exceeds $8.4 billion in supply.
Institutional interest is growing, with Arthur Hayes holding 7.76M ENA tokens.
Analysts predict a 30% short-term upside, targeting $0.85.
Bullish sentiment may drive ENA toward $1.20–$1.86 in the coming weeks.