Ethena Labs is taking a two-part approach to strengthen its ecosystem, raising $530 million in new funding for its StablecoinX project while simultaneously starting a $310 million buyback of its native ENA token.
Read MoreEthena Labs is taking a two-part approach to strengthen its ecosystem, raising $530 million in new funding for its StablecoinX project while simultaneously starting a $310 million buyback of its native ENA token.
Read MoreEthena’s synthetic stablecoin, USDe, has surpassed rivals like DAI to become the third-largest stablecoin by market capitalization, behind only USDT and USDC
Read MoreEthena has become a standout player in the DeFi space, with its Total Value Locked (TVL) soaring to a remarkable $11.89 billion. This achievement places it sixth overall among all DeFi protocols and second only to Aave among non-staking models.
Read MoreThe ENA token from Ethena has seen a significant price increase, up 5.5% in a single day and 70% over the last three months. This rally is supported by strong technical indicators and a new strategic direction for the protocol.
Read MoreEthena's governance token, ENA, experienced a remarkable surge of over 20% on Sunday, reaching its highest valuation since February.
Read MoreArthur Hayes, the co-founder of BitMEX, has recently made a significant investment in Ethena (ENA).
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