Ethena Labs, a synthetic dollar platform leveraging Ethereum for stability and scalability, has launched its governance token, $ENA, with trading beginning on multiple exchanges including Binance, KuCoin, and Bitfinex. The token, aimed at transforming Ethereum into a crypto-native yield-bearing stablecoin, saw its price start at $0.54, climbing to $0.65, and reached a fully diluted market cap (FDV) of approximately $9.5 billion. Ethena's launch has been highlighted by a $300,000 investment from Echo users in its beta phase and the distribution of 750 million $ENA tokens, 5% of the total supply, against a backdrop of 360.7 billion shards minted. The platform offers 100-200% APY on Pendle pools and has joined the Manta Restaking Paradigm, allowing for staking USDC or USDT to accumulate yield and Ethena Sats. Additionally, Ethena's annualized revenue over the last 30 days is estimated at around $300 million.
🟢 Deposits are open for $ENA on Bitfinex! Learn more about the native token of @ethena_labs, the derivative infrastructure provider seeking to transform #ETH into a crypto-native yield-bearing stablecoin. https://t.co/duXavsWx59 https://t.co/ClXzstIelB
🟢 Deposits are open for $ENA on Bitfinex! Learn more about the native token of ethena_labs, the derivative infrastructure provider seeking to transform #ETH into a crypto-native yield-bearing stablecoin https://t.co/duXavsWx59 https://t.co/nFkaZtvrIw
Ethena's governance token, $ENA, just dropped. 🪂 The token is currently trading at $0.63, with a market cap of $900M. Have you claimed yours on @ethena_labs? https://t.co/PxRXNpha7s
🚨JUST IN: $ENA TRADING GOES LIVE - FDV OF ~$9.5 BILLION
.@ethena_labs, the DeFi protocol which offers the $1.3 billion yield-earning $USDe, governance token $ENA has now started trading. By @JamieCrawleyCD https://t.co/dKlUTuDgRR
🚨 Some Major news from yesterday🚨 - Ethena $ENA claiming live and to list on Binance today - $dYdX plans to establish a legal entity in the Cayman Islands and dissolve its existing treasury, the dYdX Operation Trust (DOT), to navigate regulatory pressures, especially from… https://t.co/mMXEUlnZ8i
$ENA started trading 1 hour ago and is currently at $0.65, achieving a market cap of $919M and a fully diluted market cap of $9.6B. https://t.co/uOUBvmbToO
.@binance has listed @ethena_labs $ENA. $ENA is now trading at $0.54. FDV: $8.93B https://t.co/orRrokYLiD https://t.co/l5scKs2A0k
$ENA is joining Bitfinex! 🙌 ENA is the governance token of @ethena_labs - a synthetic dollar protocol built on #Ethereum. Learn more: https://t.co/S1PlQqf9mL https://t.co/f9o6lR9sCF
And so it begins... $W (@wormhole) will be listing on the WOO X spot market tomorrow at 12:00 UTC. 🔥 Deposits for $W are now open - with a 3,000 $USDT prize pool for the first 75 users who register, deposit or trade: https://t.co/MkiXooWkHW
$ENA trading is now live on #KuCoin! 🚀ENA/USDT: https://t.co/OfIF0Rbjb9 Find out more about Ethena in #KuCoinCryptoGem card. #DeFi https://t.co/KlCD7SVx5Q https://t.co/8JNam2jIBI
📢 $ENA (@ethena_labs) is now available for trading on the WOO X spot market. ▶️ Trade now: https://t.co/2NEAKwQ7lR 💰 First 75 users to register, deposit or trade will win from a 3,000 USDT prize pool: https://t.co/F5dftkyqw8 https://t.co/UEBQCEGzIQ https://t.co/wVHyfP1cWQ
Ethena's token launch is happening today. Some quick notes: Annualized revenue 30d: ~$300M (acc to @tokenterminal). As with all stablecoins, the larger the stablecoin supply, the greater the profits to the protocol. In @ethena_labs's case, revenue comes from stETH yield and… https://t.co/hqw2QsMRUo
New Platform #Echo Launches, Aims to Democratize Angel Investing in the Cryptosphere @cobie @echodotxyz #NewsBytes https://t.co/510WsZkEbA
And so it begins... $W (@wormhole) will be listing on the WOO X spot market today at 12:00 UTC. 🔥 Deposits for $W are now open - with a 3,000 $USDT prize pool for the first 75 users who register, deposit or trade: https://t.co/MkiXooWkHW https://t.co/4ngn8dfG2P
The 50th project on #Binance - @ethena_labs $ENA chose 2 Market Makers @GSR_io and @wintermute_t. 37.5M $ENA transferred to @GSR_io and 15M $ENA transferred to @wintermute_t 👉 52.5M $ENA ~ 3.68% Circulating Supply (1.425B tokens). https://t.co/rM0a86S12j
Big one coming... $ENA (@ethena_labs) will be listing on the WOO X spot market today at 08:00 UTC. 🔥 Deposits for $ENA are now open - with a 3,000 USDT prize pool for the first 75 new users who register, deposit or trade: https://t.co/F5dftkyqw8 https://t.co/oorP7JAH6k
ethena token drops tomorrow right
Get ready for @ethena_labs launch, including CEX Listings, & moon math! $ENA will begin trading April 2nd 8:00 AM UTC Ethena has minted 360.7B Shards 750M $ENA will be distributed, 5% of total supply 480.93 shards per $ENA token @WhalesMarket pre-market tokens at an avg… https://t.co/FrB9x8sL9y
I like the concept of @echodotxyz - a platform that gives smaller investors a chance at early stage venture investing. "Why would a company want hundreds of random people on their cap table?" Attention is the single greatest asset for crypto products. Companies will use Echo to…
Lots of tokens this week @ethena_labs $ENA Apr 2 @wormhole $W Apr 3 @ZeusNetworkHQ $ZEUS Apr 4 Anything else?
Kick starting @wormhole week! 🪱🕳️ $W is coming in a couple days! What are your expectations for it?🔥 @Worm_Alt is already on the move! #WormholeWeek https://t.co/gfFX4HvjxO
With season 1 of the Ethena shard campaign having concluded, I created a quick return-sheet. $ENA pre-market trading at $9.5b on @aevoxyz right now. Will be interesting to see what it launches at tomorrow. With a conservative FDV expectation (<10b), seems I'll be getting a… https://t.co/76CMr3hBpF
🌊 Latest #Binance Launchpool @ethena_labs joins Manta Restaking Paradigm! 🔗 Stake with Ethena: https://t.co/YuTXJ0DyF8 ✅ Stake your USDC or USDT to accumulate staking yield and Ethena Sats! 🌟 14x Sats for holding USDe less than 7 days. 🌟 20x Sats for holding USDe over 7… https://t.co/gnrovTYocF
💥World Premiere💥 📢 New Listing @ethena_labs $ENA Gets Listed on #KuCoin! 💎Pair: ENA/USDT 💎Deposit: now open (network: ETH-ERC20) 💎Trading: 8:00 on April 2, 2024 (UTC)
Dropping a token today
ECHO USERS CLOSE FIRST DEAL WITH $300K INVESTMENT IN ETHENA Despite being in beta, Echo's users managed to close their first deal within three hours, investing $300,000 in the "synthetic dollar" protocol Ethena. Participants in the deal were able to buy in at Ethena's previous… https://t.co/MxV7edjxMF
ICYMI: Binance unveils its latest Launchpool project, Ethena Labs. Ethena stands as a synthetic dollar platform leveraging Ethereum, boasting stability and scalability by delta-hedging against Ethereum collateral. Details in our article: ↓ https://t.co/vRxuAfHCyA
100-200% APY on Ethena's Pendle pools 50-90% APY on LRT Pendle pools Pretty lucrative considering you're still retaining most points in these pools. Via @Penpiexyz_io https://t.co/bkPhSYGd6p