$ENA Ethena (ENA), a synthetic dollar protocol on Ethereum, has seen its token price recover and climb above the $0.60 level. This surge comes as the project's USDe stablecoin hits a new all-time high in supply, solidifying its position as the third-largest stablecoin in the market, trailing only USDC and USDT. This growth is linked to a strong DeFi ecosystem and rising investor interest. The protocol's Total Value Locked (TVL) has also reached significant new highs, underscoring strong holder conviction. The bullish momentum suggests a potential rally for ENA, with some analysts eyeing key resistance levels.$ENA