💵 $ENA ’s derivatives market is carrying serious weight.
CoinGecko’s October 9 snapshot shows roughly $897M in perpetual open interest against a $2.9B token market cap.
That is around 31%.
A crowded derivatives market makes positioning worth watching alongside Ethena’s stablecoin business.
CoinGecko’s October 9 snapshot shows roughly $897M in perpetual open interest against a $2.9B token market cap.
That is around 31%.
A crowded derivatives market makes positioning worth watching alongside Ethena’s stablecoin business.