Ethena Token Surges 11% as USDe Stablecoin Supply Reaches $8.73 Billion Record
Ethena's governance token ENA emerged as the cryptocurrency market's top performer Monday, climbing 11% to $0.60 amid record growth in the protocol's synthetic dollar stablecoin supply. The Ethereum-based protocol's USDe stablecoin reached an all-time high circulation of $8.73 billion, representing