đš Marketâs vibing green and $BTC just smashed past $111k (yes, you read that right đ€). So⊠whereâs our fren $ENA dancing? Keeping up with the beat or napping in the corner? đ
Letâs check in! đ
đŻ ENA is currently chillin' above $0.36 â up about 4% this week, pretty much keeping pace with #BTCâs 4.4% move. Respect!
đ But yeah, we feel you â 75% of holders still in the red (data from IntoTheBlock). Hugs to everyone bag-holding... hang tight, better days are coming đȘ
đ On the fundamentals:
đąÂ $USDe supply = $5.2B (up from $4.67B earlier this month!)
đą Protocol backing ratio = Over 100% (shoutout LLAMA Risk for the transparency)
đž Fees generated = $17M in the last 30 days! Thatâs +50% MoM. Compare that to $USUAL âs $1M⊠ENA flexing hard! đȘ
So... is #ENA  just another #StableCoin  project? Nah, this oneâs showing real muscle đ„Drop your thoughts below đ And remember: DYOR always, frens đ§ đŒÂ #altcoins #ethena