Tena Has posted a sharp 21.46% profits over the past week, rising to $ 0.3327 with a strong market optimism and a strong chain. Daily Diatt shows a clear bullish breakthrough over a 21-day mother ($ 0.31), the price of which is trying to recover $ 0.35, psychologically important.
Although it is still less than 200-day SMA ($ 0.5892), the recent reversal refers to a change of trend that is reinforced by rising RSI and stochastic readings. The ENA MACD is also positive, which shows that the momentum has been built after a longer decline in February.
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Source: TradingView.
Ethena's The total locked total value has risen $ 4.82 billion, competing with the ceiling of the market itself. Circulating 5.55 billion ENA offers and 15 billion delivery of 15 billion is climbed by investor interest.
The current market cap/TVL ratio of 0.38 shows that the project is underestimated in its control liquidity, especially since the decentralized USDE supports this ecosystem.
Participation and exchange
Approximately 43.7% of 4.82 billion USEs are currently put in, while over $ 2.1 billion is sitting susEthena's stablein equivalent. This high contribution rate reflects the confidence in the mechanisms of the protocol yield and supports synthetic dollar wash.
At the same time, centralized on the stock exchanges is 13.12% of the total USD, $ 632.6 million of liquidity spreads on platforms such as Bybit, Bitget and Mexc. CEXS persistent inlet and outflow patterns show active arbitration and healthy capital cycling between Defi and centralized venues.
Converge Blockchain: Rwa Gamechanger
One of the most important catalysts of the price rally is the upcoming start -up ApproachThe 3 -layer block chain focused on the real world, which was built by Ethena in cooperation with Securitize. Converge has been created to overcome traditional finances and defi using the converge data availability layer and the contribution of the SEE for security through Converge Valider (CVN).
Converge transactions are fed by Ethena's own stable USDE and USDB, which also operates gas labels. As the Blackrock $ 2.3 billion BUIDL Foundation supports USDTB, institutional exposure is no longer hypothetical. CVN introduces discretable circuit breakers and control functions by occasionally adding a layer of risk management to unusual protocols.
