#DeFiGetsGraded Ethena Bulls Charge — 150% Rally Fueled by $10B TVL and Golden Cross Signal

Ethena (ENA) has grown 150% in 30 days and 40% in a week.

The protocol's Total Value Locked (TVL) surpassed $10 billion for the first time due to the acceptance of USDe, its synthetic dollar, which just became the world's third-largest stablecoin by market value.

Related: Ethereum Treasury Companies Threaten Bitcoin? Michael Saylor reveals his stance: daily $5 million ENA buybacks limit supply, but whale addresses with 100k-1M ENA grew 12% in July, owning approximately 30% of circulating tokens.