Ethena

24h change: +1.08%. From $0.0929 to $0.0939.

• Grayscale released its Q2 2026 list of digital assets under consideration for future products, placing ENA in the financials sector alongside projects like Pendle and Morpho. This update highlights growing institutional interest in DeFi yield protocols. Listings like this have historically led to new Grayscale trusts or ETFs.
• Ethena is overhauling USDe backing through lending deals with Anchorage Digital and Maple for overcollateralized loans, plus real-world assets and other strategies. This follows USDe supply halving to $5.9 billion due to compressed yields from low perp funding rates. The move aims to provide stable yields independent of crypto market conditions.

24h change: +12.11%. From $0.087 to $0.0976.

• Ethena Labs outlined an overhaul of reserves backing its USDe synthetic dollar on April 6, incorporating overcollateralized institutional lending via partners like Anchorage Digital and Maple, higher-quality real-world assets, equity and commodity basis trades, and prime lending. This shift reduces reliance on crypto perpetual funding rates amid compressed yields. It enhances protocol resilience, competitiveness, and potential fee generation in varied market conditions.

24h change: -6.40%. From $0.0933 to $0.0874.

• BitGo now supports monthly rewards on Ethena's USDe for institutional clients holding balances in custody. Rewards accrue automatically without staking or lockups, targeting custodians with over $100 billion in assets. This integration broadens access to USDe's yield-bearing features.
• ENA's 24-hour trading volume has surged about 40%, coinciding with a 14% price increase. This heightened activity comes amid broader crypto market recovery from geopolitical tensions. It points to renewed trader interest in the token.
• Ethena has proposed diversifying USDe collateral with overcollateralized institutional lending, high-quality RWAs, equity and commodity basis trades, and prime lending. These changes aim to reduce concentration risks and build resilience across market cycles. The updates follow finalization of institutional lending deals.

24h change: -9.54%. From $0.0933 to $0.0844.

• Ethena unlocked 40.63 million ENA tokens valued at $3.64 million on April 2, 2026, allocated to the Foundation and comprising 0.52% of circulating supply. This event is part of early April unlocks totaling over $643 million across projects including Ethena. Impact on price expected to be limited due to small relative size.
• Ethena protocol produced $50 million in fees on a single day last week, pushing total fees to $666 million. Annualized fees reach $217 million per DefiLlama data. This underscores high usage of USDe stablecoin despite ENA price consolidation.
• Ethena highlighted March achievements like Kraken enabling USDe rewards, Aave V4 integrations, Privy wallet access for 120M accounts, and over $150M in whitelabel stablecoins. Reduced sUSDe unstaking to 1 day and added USDe collateral on Compound. These developments boost adoption and utility.

24h change: +1.60%. From $0.0917 to $0.0932.

• Ethena features ongoing vesting unlocks for ecosystem development and core contributors, with daily releases of about 1.2 to 1.8 million ENA. Circulating supply is 8.5 billion out of 15 billion total supply. These scheduled releases gradually increase available tokens in the market.
• Ethena protocol maintains TVL of $6.6 billion mostly on Ethereum, supported by USDe supply of $5.9 billion across 24 chains. sUSDe yields around 3.6% APY over 30 days. Recent integrations boost composability in DeFi.