Ethena (ENA) just stole the spotlight as today’s top gainer, soaring 14.34% in the last 24 hours to hit $0.6132 on Monday (Aug 4). 📈💥
🔥 What’s Driving the Hype?
The surge comes as USDe, Ethena synthetic stablecoin built on Ethereum, explodes in market cap:
USDe hits $92.93B — up 75.13% this month (DeFiLlama) 🧨
Now ranked the #3 stablecoin, trailing only USDT and USDC
But that’s not all…
⚙️ Ethereum DeFi Game Gets Stronger
Ethereum is back in the DeFi spotlight, climbing to #6 by total value locked (TVL) 🔗
More action = more attention = more value flowing into protocols like Ethena
📊 What This Means for Traders
ENA is heating up fast — a combo of stablecoin dominance + DeFi momentum is fueling bullish sentiment
Keep an eye on TVL trends, USDe adoption, and ENA breakout zones
Is ENA the next DeFi dark horse? Only time (and on-chain data) will tell.
DYOR. Not financial advice. 🧠📉📈
Stay sharp and stay informed
