$ENA Updates on ENA (Ethena)
🚀 Recent News
The token unlock of 40 million ENA (~US$ 12 million) on June 2 brought volatility to the market, but the price only fell by ~2%, indicating resilience against selling pressure.
Coinbase added ENA to its listing roadmap, which spurred an ~8.6% increase in price and a jump of ~104% in trading volume, reaching about US$ 241 million in 24h.
Current Moment & Highlighted Metrics
In July, Ethena executed a buyback of 83 million ENA (~US$ 260 million), fueling a 130% rally in the token during the month, despite a widespread market correction.
The TVL (Total Value Locked) of the platform surpassed US$ 8 billion, growing by 50% just in July, with fee revenue jumping to US$ 36 million.
The platform is recognized among the top altcoins for those seeking growth in the 2025 bull cycle.
Expectations for the Future
The 2025 roadmap, called “Convergence,” plans to launch:
the synthetic product iUSDe focused on institutions;
the Ethereal spot exchange and the on-chain options protocol Derive, expected in the coming weeks.
Analysts point to the possibility of ENA reaching up to US$ 3, especially with technical support above US$ 1.37 and institutional acquisitions.
The company is expanding within the Telegram / TON ecosystem and forming partnerships with traditional market entities (TradeFi)
