Ethena USDe stablecoin is on a tear, its supply jumped 75% in just a month, hitting $9.3B and making it the third-biggest stablecoin behind USDT and USDC.
The $ENA ecosystem is booming, too. Its TVL rocketed past $9.4B, landing it in sixth place across DeFi, thanks to high yields and new integrations.
ENA’s price is up 140% in a month, and after a rough week, it’s bouncing back, today alone, it’s up 15%. Trading volume spiked 20% to over $1.1B, showing traders are bullish. Some predictions say it could hit $0.70 soon.
Plus, July was huge: $2.96B flowed into Ethena (up from just $47M in June), and fees nearly doubled to $36.5M. Things are heating up!
