ethena

Ethena expands USDe into equity perpetual futures to capture 14-17 percent funding rates as crypto basis trades collapse to 2.2 percent.

A CoinShares and Token Terminal report shows tokenized assets expanding across lending, spot trading and derivatives even as total DeFi deposits contracted.

The BitMEX co-founder bought ENA at an average of $0.087 per token, building a position ahead of a scheduled supply event.