Ethena

24h change: +4.42%. From $0.1161 to $0.1212.

• Ethena's governance token ENA has increased roughly 14 percent over the last day to around $0.13, accompanied by trading volume above $270 million. This rally aligns with recent protocol momentum including a proposal for gold-backed USDe reserves from Kairos Research. The price action reflects broader interest in Ethena's ecosystem as TVL tops $6.6 billion.
• Ethena is finalizing lending agreements with Anchorage Digital, Maple Institutional, and Coinbase for overcollateralized loans using USDe reserves. This forms part of a diversification strategy including real-world assets and reduced perpetuals exposure to 11 percent. ENA rose 9 percent in response while USDe supply sits at $5.9 billion.
• US senators plan a revised draft on stablecoin earnings rules, potentially clarifying yield for products like USDe. Senator Tillis expressed optimism for upcoming legislation. Singapore's Gulf Bank launched fee-free USDe services for institutions.

24h change: +15.56%. From $0.1055 to $0.122.

• Kairos Research released a governance proposal to incorporate tokenized gold like PAXG and XAUT into USDe's backing assets, aiming to enhance reserve diversification. This development has generated buzz in the community and coincided with ENA's price increase. It could improve USDe's resilience against crypto market volatility by blending traditional assets.
• The Ethena Foundation verified that the Risk Committee's fee switch parameters fulfill all necessary requirements. This step advances protocol governance and revenue mechanisms for staked ENA holders. It supports ongoing ecosystem sustainability amid growing TVL.
• ENA has broken out of a descending channel on daily charts with increased volume, signaling potential bullish momentum. Traders note targets up to $0.36. This aligns with positive sentiment around protocol developments.

24h change: +5.50%. From $0.0951 to $0.1003.

• Ethena Labs is proposing to replace the fixed seven-day unstaking period for staked USDe, known as sUSDe, with a dynamic cooldown that adjusts based on reserve levels and market conditions. This change aims to provide more flexible liquidity options for users while maintaining protocol stability. It awaits community governance approval and could improve user experience if implemented.

24h change: -1.03%. From $0.0963 to $0.0953.

• Grayscale Investments included ENA on its list of assets under consideration for new products on April 11, 2026. This signals institutional recognition of the Ethena protocol. ENA price increased 3.9% in response to the announcement.
• Ethena Labs overhauled USDe collateral backing on April 7, 2026, incorporating institutional lending and real-world assets. The change seeks to enhance yields and stability for the synthetic dollar. ENA surged 14% following the update amid higher trading volume.
• ENA gained 5.6% over the past 24 hours as mentioned in a CoinDesk market report on April 14. This occurs amid broader altcoin movements. Trading volume has risen significantly in recent days.

24h change: +9.25%. From $0.0912 to $0.0997.

• ENA has climbed 25% from its April 5 all-time low of $0.077, with an 11.35% surge on April 10 driven by positive MACD and technical signals. Daily trading volume surpasses $110 million amid market cap around $845 million. This recovery highlights renewed trader interest post recent downturn.
• Ethena proposes replacing the 7-day fixed sUSDe unstaking with a dynamic cooldown to enhance liquidity management. The update ties cooldown to risk parameters for better flexibility. ENA remains stable near $0.10 with $900 million market cap following the announcement.
• Aave and Ethena leaders discuss crypto finance's shift toward traditional structures amid market evolution. This push includes institutional lending and regulated products. Developments align with Ethena's expansions into compliant dollar solutions.