ENA's network activity climbed to multi-month highs following the USDtb stablecoin launch
, even as roughly
300 million tokens reached exchanges over the past week.
Ecosystem expansion offsetting supply pressure
Daily active users climbed above 5,000
over the past week, the highest level in several months, while the total value locked in Ethena protocols remained elevated at approximately $4.85 billion. The price rose roughly
↗2.02%
over the past day, outpacing the broader market.
New stablecoin attracting deposits
The platform's new USDtb stablecoin
attracted approximately $65 million in deposits on its first day, expanding the protocol's product offerings.
Token supply reaching exchanges
The price declined roughly
↘15.44%
over the past week as tokens reached exchanges, though daily trading volume remained elevated at approximately $94.7 million over the past 24 hours.
Trading activity holding steady
Investor interest in trading contracts rose roughly
↗1.96%
recently, with traders paying approximately 0.0075% in ongoing costs to hold positions.