ENA to $1? Ethena Cost Conversion is Significant
Source: CoinWorld
Time: 2025-09-16 22:01:48
As of September 16, Ethena Labs' USDe ranked in the top 20 algorithmic stablecoins, while ENA ranked 41st. Despite recent price pressure, ENA holders remain optimistic, with the goal of breaking through the $0.90 resistance to move towards $1. The total lock-in value of the agreement (TVL) soared from $5.4 billion in July to $13.8 billion in September 2025, a record high. Revenue in the third quarter reached $8.63 million, a significant increase from $1.15 million in the second quarter. Ethena also announced a fee conversion scheme aimed at distributing 10% to 20% of revenue to ENA stakeholders, with an annual rate of return of up to 15%. The Risk Committee will finalize the details before the community votes.