Ethena has posted its highest monthly earnings in ten months and recorded $1.86 billion in TVL growth.
Ethena has established a bullish structure on the 1-day chart after being in a downtrend since October 2025.
Grayscale has restructured two cryptocurrency investment vehicles following its quarterly assessment for Q1 2026, bringing Ethena into its decentralized finance portfolio. The rebalancing process eliminated Aerodrome Finance while recalibrating asset weightings according to CoinDesk index methodology.
Grayscale added ENA and removed AERO from its DeFi Fund in Q1 2026, while its Smart Contract Fund kept ETH and SOL as leading holdings.
Ethena recorded a sharp contraction in the supply of its USDe synthetic dollar, which retreated to levels not seen since November of 2024. The decline accelerated after approximately $1.6 billion in redemptions were recorded toward the end of April 2026, reflecting a cooling in demand for the protocol's delta-neutral yield products.
Ethena price soared over 45% in the past week to $0.134 on Saturday before paring off some of its gains amid a broader market drop. According to data from crypto.news, Ethena (ENA) price rallied to a 10-week high of $0.
Ethena jumps 14% to a key level, supported by rising volume and whale accumulation.
ENA jumps 11.35% as outflows ease sell pressure, but resistance near $0.10 limits continuation.
The past month's liquidation heatmap showed a cluster of short liquidations in the $0.094 to $0.10 area.
USDe's market supply has decreased from over $14 billion to below $6 billion amid relatively unattractive yield.
Perpetual futures now make up just 11% of USDe backing as Ethena pivots to institutional lending, real-world assets, and basis trades.
Ethena Labs has reported the finalization of its first lending agreements with Coinbase Asset Management, Anchorage Digital, and Maple Institutional.