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đ ENA Soars: Ethena Price Explodes Past $10B TVL in Defi Breakout
đ ENA Soars: Ethena Price Explodes Past $10B TVL in Defi Breakout
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Ethena's synthetic dollar protocol just hit escape velocityâlocking up $10 billion in total value as traders pile into its yield-bearing 'Internet Bond.'
Bull Case: Institutional Onramp or DeFi Mirage?
The protocol's native token ENA ripped 40% in 72 hours, flirting with all-time highs. Is this the scalable stablecoin alternative TradFi's been begging forâor another case of 'number go up' theater? (Spoiler: Wall Street still doesn't get composability.)
Key Drivers:
- Delta-neutral strategies printing 15% APY
- Short squeeze on perpetual futures funding rates
- Real yield narrative gaining mindshare
Bottom line: When a protocol this young hits double-digit billions, either the math is revolutionary... or the leverage is. Place your bets.
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