ENA (Ethena) rose 5.31% in the last 24 hours, reaching a high of $0.87.

Gate News Bot news, on September 10th, according to CoinMarketCap data, ENA (Ethena) is currently priced at 0.82 USD, with a rise of 5.31% in the last 24 hours, reaching a high of 0.87 USD and a low of 0.64 USD. The current market capitalization is approximately 5.656 billion USD, an increase of 285 million USD compared to yesterday.

Ethena is an internet economy platform focused on digital dollars. Its stablecoin USDe currently has a supply of $10.42 billion, and users can earn an annualized return of 5% through sUSDe. Ethena provides real-time asset transparency, publishes reserve proofs weekly, and has independent third parties verify asset value and delta neutrality. The platform also collaborates with several well-known exchanges and DeFi protocols to offer users a variety of application scenarios.

Important news about ENA recently:

1️⃣ USDe is about to be listed on multiple mainstream exchanges Ethena Labs announced that USDe will become the first external dollar asset available as collateral and with native yield on the Binance platform. The reward mechanism for USDe on Binance will be launched at the end of September. This initiative will significantly enhance the liquidity and use cases of USDe, and is expected to further drive the expansion of the Ethena ecosystem.

2️⃣ Institutional investors continue to increase their holdings in ENA Well-known investor Arthur Hayes has once again purchased 1.34 million ENA, currently holding a total of 4.45 million ENA (approximately 3.48 million USD). Meanwhile, ArkStream Capital has made an additional investment of 10 million USD in Ethena Labs in August 2025. The continued increase in institutional investors reflects a long-term optimism towards the Ethena project, providing strong support for the price of ENA.

3️⃣ Ethena Protocol revenue hits all-time high In the past month, the supply of USDe has risen significantly by 42%, reaching a historic high of $12.43 billion. The Ethena protocol's revenue in August exceeded $61 million, setting a new record for this year. USDe currently holds the position of the third-largest dollar stablecoin, second only to USDT and USDC. These data indicate that Ethena is rapidly expanding its market share, laying a solid foundation for the long-term value growth of ENA.

From a technical perspective, the price of ENA has shown a strong rise in the past 24 hours, rebounding from a low of $0.64 to $0.82, with an increase of 5.31%. This trend indicates a significant strengthening of buying power. On the fundamental side, Ethena, as the issuer of the USDe stablecoin, continues to expand its market share, with the current supply of USDe exceeding $12.4 billion, further solidifying its position as the third largest USD stablecoin and providing strong support for the long-term value of ENA.

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