• ENA has scored over 16% within the final 24 hours.
• Ethena’s complete is prime of $800 million after a 50% improve per thirty days.
• Bullish feelings across the mission promote advantages.

Cryptocurrencies remained comparatively gentle after the Fed maintained rates of interest, however Ecena has recorded a formidable surge over the previous 24 hours.

The ENA rose from $0.5444 to $0.6332 on the each day chart.

A rise of 16.31% has attracted consideration, particularly as the broader markets present bearish sentiment.

The bullish outlook coincided with the revelation that Esena’s TVL (locked complete) has risen 50% over the previous few months to surpass the $8 billion milestone.

The metric has steadily grown from its low of $8.443 billion at this time, July thirty first, from this month’s $5.461 billion.

Within the context, that is higher than the locked totals of a number of established Defi initiatives, together with BSC ($7.318B), Tron ($599 million), and base ($432 million).

This displays the numerous development of the artificial greenback protocol, maybe boosted by latest US regulatory modifications.

What does 8 billion {dollars} imply?

Past the $8 billion mark represents an vital milestone.

Ethena’s TVL now ranks it in Defi Giants.

In the meantime, the diagram reveals the substantial quantity of capital registered within the ENA ecosystem over the previous 30 days.

This highlights the boldness of whales, establishments and customers within the long-term worth of the protocol.

Additionally, secure development displays the stickiness of the ENA ecosystem.

Customers do not simply experiment with merchandise. They keep and maintain them there.

The mission turns into stronger as extra funds circulation into the Ecena ecosystem.

It’s typically a bullish signal for homeowners and merchants.

When community development exceeds the market common, native tokens typically expertise vital earnings.

What drives development

Esena carves a novel area of interest for its subtle strategy to the creation of artificial {dollars} and the technique of give up.

The readability of stubcoin rules after the US signed the legislation on the Genius Invoice has boosted the attraction of USDE (artificial {dollars}) and helped to spice up the expansion of the protocol.

USDE has witnessed a rise in adoption within the Defi sector, attracting platforms in search of secure stability in a risky market.

Moreover, Ecena has attracted appreciable funding from business leaders like Arthur Hayes.

Strategic collaborations, together with TON and Anchorage, expanded ENA’s utilities and attain.

Ton Alliance brings USDE to Telegram’s big consumer base of round 1 billion, whereas Anchorage Digital helps the launch of USDTB Stablecoin within the US.

Moreover, Stablecoinx raised $360 million in its funding in ENA, reflecting Ethena’s perception sooner or later.

Stablecoinx Inc. @stablecoin_x Introduced $360 million in funding $ ena We additionally try to listing Class A typical shares within the NASDAQ world market underneath the ticker image “USDE”, which incorporates ENA’s $60 million contribution from the Ecena Basis… pic.twitter.com/sgfd8p9m05

– Ethena Labs (@ethena_labs) July 21, 2025

In decentralized finance, speedy TVL surges typically present consumer optimism, massive sediment and rising costs in amplified chain exercise.

ENA value outlook

Ethena tokens are hovering with a bullish bias of $0.6310.

That 24-hour buying and selling quantity jumps from a major 270% to $1.27 billion, suggesting that consumer exercise is being enhanced.

ENA has exceeded 130% within the final 30 days and seems to be able to earn extra advantages in ecosystem stability.

In the meantime, digital cash have been floating over the previous 24 hours as a consequence of elevated sentiment relating to the mission’s development.

Whereas present broad market outlook reveals short-lived earnings, Ecena’s sturdy TVL positions ENA for secure efficiency within the coming weeks and months.