Ethena’s TVL hits a new high, but ENA prices fell 13% – Here’s why
Source: CoinWorld
Time: 2025-09-17 08:10:16
Ethena’s total lock-in value (TVL) surged to a record $13.88 billion with an annualized yield of 7.2%, reflecting strong investor confidence despite ENA’s single-day decline of 3.28% to $0.703. On-chain activity grew significantly, with active participants reaching 32,000 and trading volume continued to grow, but the exchange had a net inflow of $5.4 million and the capital rate was -0.0046%, indicating continued selling pressure.