🚨 $ENA Scores Major Institutional Backing...

A big step for DeFi – M2 Capital has invested $20M into Ethena, signaling growing institutional confidence in its synthetic dollar ecosystem. Beyond just capital, M2 plans to integrate Ethena’s products into its wealth management services, opening doors for broader institutional adoption.

🔸 TVL: ~$14.5B and still rising

🔸 Users: 811k across 24 blockchains

🔸 Fees (1yr): $666M+

🔸 Revenue: $32M+

🔸 sUSDe Yield: ~6% APY (down from ~19% earlier in 2025)

Meanwhile, YZi Labs (linked to Binance) has also doubled down, supporting USDe’s growth on BNB Chain and accelerating Ethena’s upcoming products like USDtb and its RWA settlement layer “Converge.”

🤔 Why it matters: Institutional capital moving into synthetic stablecoin protocols signals DeFi is maturing from yield-chasing into real financial infrastructure. Ethena now faces its biggest tests—peg stability, sustainable yields, and regulatory scrutiny.