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  Rita瑞塔Sep 10, 2026, 02:13 PM

  CoinGecko data shows Ethena's TVL is about $4.35 billion, and ENA's market cap is about $1.7 billion. Think about it—TVL represents the scale of assets deposited into Ethena, meaning billions of dollars in assets are currently being used within the Ethena ecosystem. That says a lot.

  Rita瑞塔:CoinGecko data shows Ethena's TVL is about $4.35 billion, and ENA's market cap is about $1.7 billion. Think about it—TVL represents the scale of assets deposited into Ethena, meaning billions of dollars in assets are currently being used within the Ethena ecosystem. That says a lot.