Ethena（ENA）的收益率高21.46％，针对0.35美元

在过去的一周中，Ethena在过去一周中的增长幅度急剧21.46％，由于新的市场乐观和强劲的链上动力，上升到0.3327美元。

Ethena (ENA) has shot up sharply over the past week, gaining 21.46% to reach $0.3327. The token is now attempting to rise above the psychologically significant $0.35 level.

在过去一周中，埃塞纳（Ethena）（ENA）急剧上升，获得了21.46％的股份，达到0.3327美元。该令牌现在正试图超越心理意义上的0.35美元。

On the daily chart, Ethena’s price broke out above the 21-day exponential moving average (EMA) on Monday, opening the door for further gains in the short term. A move above the 200-day SMA at $0.5892 could propel ENA towards the $0.5 level.

在每日图表上，埃塞纳（Ethena）的价格在周一的21天指数移动平均值（EMA）上方爆发，在短期内为进一步的增长打开了大门。超过200天SMA的搬迁，价格为0.5892美元，可以将ENA推向0.5美元。

Image: Ethena (ENA) price chart by Tradingview

图片：Ethena（ENA）价格图表

Ethena's price has rebounded strongly in recent weeks, suggesting a change in trend. This is also evident in the relative strength index (RSI) and Stochastic, which are both showing signs of overbought territory.

最近几周，埃塞纳（Ethena）的价格反弹强劲，表明趋势发生了变化。这在相对强度指数（RSI）和随机性方面也很明显，这两者都显示出过多的领土的迹象。

Moreover, ENA’s MACD has flipped positive, indicating that momentum is building after a prolonged downtrend since February.

此外，ENA的MACD已经呈阳性，表明自2月以来一直下降趋势后，动力正在建立。

Ethena's TVL Surpasses Market Cap

Ethena的TVL超过了市值

In other news, Ethena's total value locked (TVL) has surged past $4.82 billion, which rivals the project's own market cap in a testament to the deep liquidity and user activity within the ecosystem.

在其他新闻中，Ethena的总价值锁定（TVL）飙升了48.2亿美元，这与该项目自己的市值相媲美，这证明了生态系统内的深厚流动性和用户活动。

Considering a circulating supply of 5.55 billion ENA and a total supply cap of 15 billion, investor interest is clearly high. The current market cap/TVL ratio of 0.38 suggests that the project is undervalued relative to the liquidity it controls, especially since the decentralized stablecoin USDe underpins this ecosystem.

考虑到55.5亿ENA的循环供应和150亿的总供应上限，投资者的利息显然很高。当前的市场上限/TVL比率为0.38，表明该项目相对于它控制的流动性被低估了，尤其是因为分散的Stablecoin USDE基于该生态系统的基础。

"This deep liquidity pocket provides excellent conditions for leveraged yield strategies, which are being actively deployed by DeFi users to amplify returns on their ENA and USDe holdings. These activities are directly impacting price trends and contribute to the ongoing bullish momentum in the Ethena ecosystem," the report noted.

报告指出：“这种深厚的流动性为杠杆收益策略提供了良好的条件，Defi用户正在积极部署这些策略，以扩大其ENA和USDE Holdings的回报。这些活动直接影响了价格趋势，并为Ethena Ecosystem中持续的看涨势头做出了贡献。”

A large portion, roughly 43.7%, of the $4.82 billion USDe supply is currently staked, with over $2.1 billion flowing into sUSDe, Ethena's staked stablecoin counterpart.

目前，48.2亿美元的USDE供应中，大部分地区大约有43.7％，其中21亿美元超过21亿美元流入Ethena的Stake Bateked Stablecoin对应物Susde。

This high-stakes rate reflects confidence in the protocol's yield mechanisms and supports the synthetic dollar peg. Meanwhile, centralized exchanges hold 13.12% of the total USDe supply.

这种高风险速率反映了对协议的产量机制的信心，并支持合成美元钉。同时，集中式交易所占美国农业部总供应总额的13.12％。

This equates to $632.6 million in liquidity spread across platforms like Bybit, Bitget, and MEXC. The steady inflow and outflow patterns across CEXs indicate active arbitrage and healthy capital cycling between DeFi and centralized venues.

这相当于在Bybit，Bitget和Mexc等平台上传播的6.326亿美元的流动性。跨CEX的稳定流入和流出模式表明，在Defi和集中场所之间的主动套利和健康的资本循环。

One of the most significant catalysts for the Ethena price rally is the upcoming launch of Converge, a real-world asset-focused Layer 1 blockchain being built by Ethena in partnership with Securitize.

Ethena Price Rally的最重要的催化剂之一是即将推出Converge，这是Ethena与Securitize合作建立的以现实世界为重点的1层区块链。

The project is designed to bridge traditional finance and DeFi using Arbitrum's modular stack, Celestia's data availability layer, and ENA staking for security via the Converge Validator Network (CVN). Transactions on Converge will be powered by Ethena's own stablecoins, USDe and USDtb, which will also serve as gas tokens.

该项目旨在使用inotum的模块化堆栈，塞莱斯蒂亚的数据可用性层以及通过收敛验证器网络（CVN）进行安全性的ENA Staking桥接传统金融和Defi。汇聚的交易将由Ethena自己​​的Stablecoins，USDE和USDTB提供动力，该公司也将用作天然气令牌。

With BlackRock's $2.3B BUIDL fund backing USDtb, institutional exposure is no longer a hypothetical. The CVN introduces discretionary circuit breakers and governance features, adding a layer of risk management uncommon in DeFi-native protocols.output: Ethena (ENA) price has shot up sharply over the past week, gaining 21.46% to reach $0.3327. The token is now attempting to rise above the psychologically significant $0.35 level.

凭借BlackRock的$ 2.3B Buidl基金支持USDTB，机构曝光不再是假设的。 CVN引入了可酌情的断路器和治理特征，在Fefi-Native协议中增加了一层风险管理。出口：Ethena（Ena）价格在过去一周中急剧上涨，获得了21.46％的价格，达到0.3327美元。该令牌现在正试图超越心理意义上的0.35美元。

On the daily chart, Ethena's price broke out above the 21-day exponential moving average (EMA) on Monday, opening the door for further gains in the short term. A move above the 200-day SMA at $0.5892 could propel ENA towards the $0.5 level.

在每日图表上，埃塞纳（Ethena）的价格在周一的21天指数移动平均值（EMA）上方爆发，在短期内为进一步的增长打开了大门。超过200天SMA的搬迁，价格为0.5892美元，可以将ENA推向0.5美元。

[image: Ethena (ENA) price chart by Tradingview]

[图片：Ethena（Ena）价格图表，tradingView]

Ethena's price has rebounded strongly in recent weeks, suggesting a change in trend. This is also evident in the relative strength index (RSI) and Stochastic, which are both showing signs of overbought territory.

最近几周，埃塞纳（Ethena）的价格反弹强劲，表明趋势发生了变化。这在相对强度指数（RSI）和随机性方面也很明显，这两者都显示出过多的领土的迹象。

Moreover, ENA's MACD has flipped positive, indicating that momentum is building after a prolonged downtrend since February.

此外，ENA的MACD已经呈阳性，表明自2月以来一直下降趋势后，动力正在建立。

Ethena's TVL surpasses market cap

Ethena的TVL超过了市值

In other news, Ethena's total value locked (TVL) has surged past $4.82 billion, which rivals the project's own market cap in a testament to the deep liquidity and user activity within the ecosystem.

在其他新闻中，Ethena的总价值锁定（TVL）飙升了48.2亿美元，这与该项目自己的市值相媲美，这证明了生态系统内的深厚流动性和用户活动。

Considering a circulating supply of 5.55 billion ENA and a total supply cap of 15 billion, investor interest is clearly high. The current market cap/

考虑到55.5亿ENA的循环供应和150亿的总供应上限，投资者的利息显然很高。当前的市场上限/