Ethena ($ENA): the quiet monster 👹 of this cycle? 🤨
While everyone is chasing memes, ENA is building a new kind of financial infrastructure 👀
Ethena is a protocol creating a crypto-native dollar (USDe) — no banks, no fiat, no traditional cash backing.
Instead: derivative hedging + real on-chain yield.
⚙️ What matters: — USDe already holds billions in TVL
— ENA = governance + protocol revenue
— Used by real traders and funds, not “narrative holders”
— Deep integrations across top DeFi ecosystems
Why ENA keeps showing up on the timeline 🤔 — High volatility → trader favorite
— Macro narrative: yield + stablecoin
— Every BTC move shifts liquidity into $ENA
The market is simple right now 🤷♂️
Memes = noise
Infrastructure = money
Ethena doesn’t scream.
It just absorbs liquidity 🤑
Not financial advice.
But $ENA is an asset better kept on your radar than ignored 😏
