Recent achievements of Ethena, including significant total value locked (TVL) growth and ENA token success, highlight the increasing interest in the platform.
Ethena's TVL Surge
Ethena's total value locked surged from $5.5 billion to $12.85 billion in 2025, driven by the growing adoption of the USDe synthetic stablecoin among nearly 800,000 users.
Financial Results and Revenues
Network revenues totaled $109 million in the current quarter, compared to $27 million in the same period in 2024. Net revenue reached $7.65 million, well above $1.15 million posted in the previous quarter.
Current Technical Analysis of ENA Token
Technical indicators point to further upside for ENA. A double bottom formation has been completed, and a recent golden cross pattern occurred, opening the door to next resistance levels at $0.8595 and $1.3255.
These achievements of Ethena highlight the growing interest in the platform and its products, as well as the prospects for further growth of the ENA token.
