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Echelon $ELON is coming, sENA holders' second airdrop
After much anticipation, following Derive $DRV, Echelon will issue $ELON next week (2/2). This is the second ecological project airdrop for Ethena $ENA stakers.
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A quick review of the major events of Echelon x Ethena
In February 2025, Ethena & Echelon announced their partnership, with Echelon allocating 5% of tokens to sENA holders.
In March 2025, sUSDe supported Aptos and integrated into the Echelon lending market.
In March 2025, Echelon subsidized interest through $APT to make sUSDe APR exceed 20%.
In April 2025, Echelon's sUSDe supply reached a peak of 87 million.
At that time, Echelon was one of the top protocols in the Aptos ecosystem and expanded its TVL further through the integration of sUSDe. The feature of this protocol is one-click looping, which can be considered a precursor to the Ethena x Pendle x Aave model.
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A quick review of the major events of Echelon x Ethena
In February 2025, Ethena & Echelon announced their partnership, with Echelon allocating 5% of tokens to sENA holders.
In March 2025, sUSDe supported Aptos and integrated into the Echelon lending market.
In March 2025, Echelon subsidized interest through $APT to make sUSDe APR exceed 20%.
In April 2025, Echelon's sUSDe supply reached a peak of 87 million.
At that time, Echelon was one of the top protocols in the Aptos ecosystem and expanded its TVL further through the integration of sUSDe. The feature of this protocol is one-click looping, which can be considered a precursor to the Ethena x Pendle x Aave model.
short-term forecast for Ethena (ENA)
Volatility and upside potential: Ethena is expected to experience ongoing volatility. However, various technical indicators and project growth suggest an upside potential.$ENA
Growth of USDe: The success of Ethena is closely tied to its synthetic stablecoin, USDe. An increase in the total value locked (TVL) of USDe and its adoption on other blockchains may drive the value of ENA.
Technical analysis: Some technical analyses indicate bullish patterns, such as a "golden cross," suggesting that upward momentum could continue.
Whale movement and token buybacks: Accumulation by large holders ("whales") and token buyback programs, which reduce supply, could create buying pressure and increase the price.
#EthenaAnalysis
short-term bullish investment opportunity mid-term opportunity
Volatility and upside potential: Ethena is expected to experience ongoing volatility. However, various technical indicators and project growth suggest an upside potential.$ENA
Growth of USDe: The success of Ethena is closely tied to its synthetic stablecoin, USDe. An increase in the total value locked (TVL) of USDe and its adoption on other blockchains may drive the value of ENA.
Technical analysis: Some technical analyses indicate bullish patterns, such as a "golden cross," suggesting that upward momentum could continue.
Whale movement and token buybacks: Accumulation by large holders ("whales") and token buyback programs, which reduce supply, could create buying pressure and increase the price.
#EthenaAnalysis
short-term bullish investment opportunity mid-term opportunity
$ENA 🚨 $ENA Isn’t Just Another Token — It’s a Bet on the Future of Synthetic Dollars.
While most are chasing pumps,
Smart money is watching Ethena ($ENA ) — the project rewriting how we think about stable yield.
#Binance #BinanceSquareFamily
#EthenaAnalysis
While most are chasing pumps,
Smart money is watching Ethena ($ENA ) — the project rewriting how we think about stable yield.
#Binance #BinanceSquareFamily
#EthenaAnalysis
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