Reasons for Going Long $ENA Categorization and Specific Explanation 💎 Unique Business Model Ethena uses a market-neutral strategy of "delta hedging" to hedge the price volatility risks of its synthetic dollar USDe against collateral like Ethereum, maintaining stability. This sets it apart from traditional stablecoins. 💰 Considerable Yield Potential The protocol offers returns to USDe holders by combining multi-layer income sources such as Ethereum staking yields and futures contract funding rates (for example, sUSDe has provided around 7.83% APY). Its revenue model is also positively viewed by the market. 📈 Strong Growth Performance As of November 2025, Ethena's Total Value Locked (TVL) has exceeded $12 billion, and USDe has become the third largest stablecoin globally, demonstrating strong market acceptance. 🤝 Important Ecological Partnerships Collaborations with mainstream exchanges like Binance have greatly expanded the user base and use case scenarios. The publicly traded company Mega Matrix has also positioned ENA as its core asset, referring to it as the "first public agent". 🎯 Potential Additional Value ENA, as a governance token, may allow stakers to share protocol revenue through a "fee conversion" mechanism in the future, adding potential value. 🌐 Compliance with Regulatory Trends Some analysts believe that the introduction of stablecoin regulatory frameworks such as the U.S. "GENIUS Act" aligns with Ethena's model of holding reserve assets in secure, short-term instruments, providing it with potential regulatory advantages.
I'm making progress, Binance awarded me! Industry Contribution Award #binance
$GIGGLE was praised by the big sister, CZ supported me, I forgot to increase my positions during these recent activities, I envy you all making money! Binance Wallet was the first to be launched, there were 10 times opportunities on-chain, it came back 3 times from the bottom of the exchange, Binance Wallet invitation code: ZKX6XC3V (10% fee discount)
I received first-hand news at the Asia Learning Camp @BinanceWallet will soon release some rating rules to avoid bots @Aster_DEX will create a public chain in the privacy track $aster is a must-success product!
Binance Square needs to be well executed! There are many sinking users in Binance Square, with real buying demand, top bloggers can earn 5-20 thousand a month from rebates, and at the same time help users save money. It can save 20% on fees. {spot}(GIGGLEUSDT)
Fortunately, I haven't dared to operate these past few days! My intuition was correct!
monkey004
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Bearish
The White House is closed, data is not being released, why do I feel like the cryptocurrency market is about to end this round of bull market! $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT)
The White House is closed, data is not being released, why do I feel like the cryptocurrency market is about to end this round of bull market! $BTC $ETH $BNB