ENA (Ethena) rose 14.06% in 24 hours

Gate News Bot news, on July 31, according to CoinMarketCap data, ENA (Ethena) is currently priced at 0.66 USD, rising 14.06% within 24 hours, with a maximum of 0.70 USD and a minimum drop to 0.43 USD, and a 24-hour volume of 1.333 billion USD. The current market capitalization is approximately 4.163 billion USD, an increase of 513 million USD compared to yesterday.

Recent important news about ENA:

1️⃣ Ethena Total Value Locked (TVL) Hits All-Time High The total value locked (TVL) of Ethena surged by 50% in the past 30 days, breaking a historical high, reaching 8.5 billion USD. This growth rate has set the record for the fastest growth in the project's history, demonstrating the strong confidence of the market in the Ethena project.

2️⃣ Ethena Labs launches a new liquidity leverage feature Ethena Labs has launched a new Liquid Leverage feature on the Aave platform. This feature allows users to deposit 50% sUSDe and 50% USDe, earning approximately 12% annual percentage yield (APY) rewards. This initiative is expected to attract more users to participate, further enhancing the project's liquidity and utilization.

3️⃣ Large ENA token transfers attract market attention A transaction involving ENA tokens worth $7.26 million (approximately 13.4 million tokens) transferred from a centralized exchange to a personal wallet has caught the market's attention. This large-scale token transfer may indicate that major investors have confidence in holding ENA for the long term or foreshadow an upcoming market movement.

From a technical perspective, the ENA price has shown a significant rise in the past 24 hours, breaking through previous resistance levels and demonstrating strong upward momentum. Meanwhile, the substantial increase in volume also provides strong support for the price rise. However, investors should remain cautious of potential pullback risks in the short term.

This message is not an investment advice, and investors should be aware of market volatility risks.