Ethena is going through very turbulent times.


Not sure if you heard the news – last week StablecoinX, the first publicly listed stablecoin infrastructure company focused on the Ethena ecosystem, began trading on Nasdaq under ticker "USDE."
The company holds about 3B ENA tokens, roughly 20% of total supply.
On the one hand, the listing is a milestone for Ethena-linked infra, but the USDe's market cap keeps decreasing...
We all just need to survive this.
ENA2.63%
INFRA1.79%
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