As I mentioned earlier, August will be interesting for Ethena, which we are currently observing.

But to have an idea of what we are dealing with and what the prospects of this project are, rather than just getting caught up in the excitement, we need to know that $ENA is a cryptocurrency project that represents a synthetic dollar protocol developed on the Ethereum blockchain. Its main task is to provide a decentralized, censorship-resistant alternative to traditional stablecoins.

In simple terms, this is a platform for creating another stablecoin.