Ethena Coin (ENA) Experiences Significant Price Increase of 16.04%

Ethena Coin (ENA) has experienced a significant price increase of 16.04% over the past 24 hours, now trading at $1.21.

Coin enthusiasts might be keeping a close eye on Ethena Coin (ENA), which has seen a substantial 16.04% price gain over the last 24 hours and is now trading at $1.21. This surge comes as Ethena unveils its 2025 roadmap, dubbed "Convergence," which aims to integrate the sUSD stablecoin into traditional finance.

The coin's market cap stands at $3.65 billion, while the 24-hour trading volume has seen a remarkable surge of 66.33%, reaching $679.31 million.

According to the roadmap, one of the key initiatives planned for next month is the launch of a new product called "iUSDe." This product aims to facilitate the utilization of sUSDe by traditional financial institutions in a regulated manner, by implementing stricter transfer restrictions.

Furthermore, Ethena is set to develop applications within the Telegram and TON ecosystems, introducing novel use cases for sUSDe and offering users a mobile banking-like experience.

Adding to the excitement, the upcoming launch of Ethena's spot exchange, Ethereal, and an on-chain options protocol called Derive, is expected within the next two weeks.