$ENA ENA ignites the bounce! Ethena drives market recovery amid DeFi stability $ENA

On Monday, Ethena was the biggest winner among major cryptocurrencies, rising above its support level of $0.60.

The TVL of Ethena stands at $9.53 billion, showing that holders believe in the ecosystem.

Ethena's USDe stablecoin is now the third-largest stablecoin by market capitalization, ahead of FSUSD.

On Monday, Ethena (ENA) saw one of the largest price increases of all major cryptocurrencies. This was due to a robust Decentralized Finance (DeFi) ecosystem and consistent retail demand. After falling below the support of $0.51 on Saturday, ENA rose 24% to $0.63 before dropping again to approximately $0.61 at the time of writing.