Ethena’s TVL Tops $8B After 50% Monthly Gain — Can ENA Sustain Uptrend Above $0.60?

Ethena (ENA) rallies 16% as $8B TVL sparks bullish momentum

ENA has gained more than 16% in the previous 24 hours. Ethena’s total value locked tops $8B after a 50% monthly increase. Bullish sentiments around the project fuel the upside. While cryptocurrencies remained relatively calm after the Fed maintained interest rates, Ethena recorded impressive surges over the past 24 hours. ENA climbed from $0.5444 to $0.6332 intraday high on the daily chart. The 16.31% uptick has grabbed attention, especially as…

Ethena’s TVL tops $8B after 50% monthly gain — can ENA sustain uptrend above $0.60?

Ethena’s total value locked has surged by an impressive 50% in the past month, with ENA posting significant price gains. According to DeFiLlama data, Ethena’s (ENA) TVL was $8.44 billion at the end of July. Compared to $5.46 billion at…