Ethena, a synthetic dollar protocol, has seen significant developments, including its token $ENA getting listed on major cryptocurrency exchanges such as KuCoin and WOO X. The token, which began trading on April 2, 2024, has been part of various initiatives, including lucrative Pendle pools offering APYs up to 200% and partnerships with platforms like Manta for staking paradigms. Echo, a platform aiming to democratize venture investing, closed its first deal by investing $300K in Ethena, highlighting the growing interest in early-stage crypto investments. Additionally, Ethena's annualized revenue reached approximately $300M, underscoring its financial growth amidst expanding its stablecoin supply. Ethena has minted 360.7B Shards, with 750M $ENA distributed, representing 5% of the total supply, and offering 480.93 shards per $ENA token. Moreover, 37.5M $ENA was transferred to GSR.io and 15M $ENA to Wintermute, totaling 52.5M $ENA or 3.68% of the circulating supply (1.425B tokens).
$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
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…
🌊 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)
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
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