ENA (the native token of the Ethena protocol) is one of today’s biggest gainers among mid-caps. Trading around $0.117, ENA jumped more than 8% in 24 hours after weeks of consolidation. The catalyst? Ethena just went live with its suiUSDe stablecoin on the Sui blockchain, complete with a $10 million yield vault launch.
This expansion brings Ethena’s synthetic dollar product to a new high-performance chain, boosting utility and investor interest. ENA has climbed to the top ranks in DeFi daily trading volume with a 57% surge in some sessions. Technicals are turning bullish too—analysts see a potential 20% upside toward $0.134 if momentum holds.
In a market where many alts are still licking wounds from 2025, ENA stands out as a resilient DeFi play. Community sentiment on Binance Square has shifted from neutral to cautiously bullish. Keep #ENA on your watchlist—this token is quietly becoming a trending topic for yield farmers and stablecoin enthusiasts alike.