Ethena Labs has reached a record TVL, highlighting its growing success in the DeFi space.
Achievements in DeFi
Today, Ethena Labs, a stablecoin and RWA platform, reached a new AHT of $6.33 billion. This metric grew by 10% over the past week, making Ethena the 4th largest DeFi protocol. This indicates significant interest in the protocol and its DeFi market investments.
ENA Price Dynamics
Despite the increase in TVL, the price of ENA remains in a correction trend. It has fallen by 12.6% in the last month, but indicators show signs of recovery. Increased demand and positive market sentiment could lead to future growth of ENA.
Future Prospects for Ethena
While Ethena remains above the critical support level of $0.2045, this acts as a bullish indicator and might signal a breakout from the current downtrend. Signs of recovery and accumulation by long-term holders create positive future prospects.
Ethena Labs continues to garner attention due to its achievements in DeFi and future growth prospects for ENA.
