ENA (ENA)

🔷️ Despite the weak overall market structure, an interesting compression pattern may be forming on $ENA from a technical perspective. #ENA continues trading below its long‑term descending trend structure. However, the recent sideways consolidation near the bottom region may indicate that selling pressure is starting to weaken. If price manages to continue holding above the purple descending trend line, momentum could begin strengthening from here. In this scenario, the yellow lines can be monitored as major resistance regions. In the current structure: → Yellow lines represent major resistance areas → The purple line represents the primary descending trend structure Some charts stay quiet for a long time before their biggest move begins. Not financial advice. #ENA #CryptoNews #Altcoins #CryptoMarkets

$ENA hit the first segment I was looking for, so I took profit. After entry it didn't drop back to the wrong level; when it moved up I let it fill. A small win, I won’t turn this trade into an excuse to chase higher prices. https://t.co/p6jfme9Qul

Over my 10 years in crypto, it has been difficult at times to double‑down on the unsexy work that is researching and covering new DeFi on The @Edge_Pod. But during the last crypto bear cycle (2022-2023), that work paid off greatly and led @Nomaticcap and me to cover some of the most successful names today in DeFi. Below are just a handful of teams where we saw enormous opportunity early on, in what they were building, long before it was considered mainstream DeFi. + @ethena at $40M TVL (now $5.5B) + @ether_fi at $20M TVL (now $4.8B) + @0xfluid at pre-launch (now $4B) + @pendle_fi at $100M TVL (now $1.6B) + @Kinetiq_xyz at pre-launch (now $1.13B) + @VelodromeFi in July 2023, before @AerodromeFi Since DeFi Summer, I've been told over and over, DeFi has reached a ceiling, and we ought to chase other narratives, trends, especially daily price talks: - "NFTs, not DeFi" - "Web3 gaming, not DeFi" - "Memecoins, not DeFi" - "Web3 social, not DeFi" - "AI, not DeFi" It's becoming clearer every day, DeFi is the most

Over my 10 years in crypto, it has been difficult at times to double‑down on the unsexy work that is researching and covering new DeFi on The @Edge_Pod. But during the last crypto bear cycle (2022-2023), that work paid off greatly and led @Nomaticcap and me to cover some of the most successful names today in DeFi. Below are just a handful of teams where we saw enormous opportunity early on, in what they were building, long before it was considered mainstream DeFi. + @ethena at $40M TVL (now $5.5B) + @ether_fi at $20M TVL (now $4.8B) + @0xfluid at pre-launch (now $4B) + @pendle_fi at $100M TVL (now $1.6B) + @Kinetiq_xyz at pre-launch (now $1.13B) + @VelodromeFi in July 2023, before @AerodromeFi Since DeFi Summer, I've been told over and over, DeFi has reached a ceiling, and we ought to chase other narratives, trends, especially daily price talks: - "NFTs, not DeFi" - "Web3 gaming, not DeFi" - "Memecoins, not DeFi" - "Web3 social, not DeFi" - "AI, not DeFi" It's becoming clearer every day, DeFi is the most

Ethena's at the top of Token Terminal's cost of revenue list with $355M over the last year. 4x the next protocol. Cost of revenue tracks what a protocol pays out to third parties to actually run its business. For Lido, it's what gets paid to node operators. For an L2 it's the gas fees paid to settle on Ethereum. For @ethena, it's the yield going out to sUSDe holders. Here's how it works. Ethena holds spot ETH and BTC, then shorts the same amount in perp futures. When perp traders are net long, longs pay shorts a funding rate. Ethena collects that funding. Add stETH staking yield and some T-bill returns on top. All of it gets paid out to people staking USDe. So Ethena being #1 here doesn't mean inefficiency. It means a lot of people are earning yield through them.