{"id":108601,"date":"2025-10-29T03:17:26","date_gmt":"2025-10-29T03:17:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=108601"},"modified":"2025-10-29T03:17:26","modified_gmt":"2025-10-29T03:17:26","slug":"ethena-dex-hits-250m-tvl-pre-launch-is-ena-set-to-surge","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=108601","title":{"rendered":"Ethena DEX Hits $250M TVL Pre-Launch \u2014 Is ENA Set to Surge?"},"content":{"rendered":"

Ethena-backed DEX Terminal has now topped a quarter-billion dollars in deposits before launch, signaling strong early interest in yield-bearing stablecoin trading, raising the question: Is ENA the best crypto to buy right now?<\/span><\/p>\n

Terminal Finance, a spot exchange built for institutional-grade assets and interest-accruing stablecoins, <\/span>said<\/span><\/a> its pre-deposit total value locked has climbed past $280 million.\u00a0<\/span><\/p>\n

The figure reflects three vaults that have already hit capacity: 225 million USDe, 10,000 WETH, and 100 WBTC. The platform is set to go live around the end of the year, alongside its token generation event.<\/span><\/p>\n

The vault balances are visible on open DeFi tracking dashboards that monitor Terminal\u2019s activity.<\/span><\/p>\n

Although Terminal runs as an independent platform, it is incubated by Ethena and is widely viewed as the main trading venue within the broader ecosystem.\u00a0<\/span><\/p>\n

Can Terminal\u2019s \u201cYield Skimming\u201d Improve DeFi Liquidity and Make ENA the Best Crypto to Buy Right Now?<\/h2>\n

At launch, users can expect support for USDe, sUSDe, and USDtb, the latter backed by BlackRock\u2019s BUIDL paired against major assets such as ETH and BTC.<\/span><\/p>\n

The exchange is built around yield-bearing stablecoins. The idea is simple: let users hold interest-earning base assets while accessing spot markets, making it easier for DeFi apps to plug in and use capital more efficiently.<\/span><\/p>\n

Sam Benyakoub, Terminal\u2019s co-founder and CEO, said the project wants to build deep liquidity pools for trading Ethena\u2019s synthetic dollar, USDe, against a wide range of assets, including crypto and tokenized real-world instruments.\u00a0<\/span><\/p>\n

Terminal describes its model as \u201cYield Skimming.\u201d The system collects the yield from assets such as sUSDe and feeds it back into the market.\u00a0<\/span><\/p>\n

The goal is to support liquidity providers, traders, and token holders by putting that yield to work on the platform.\u00a0<\/span><\/p>\n

The team says this approach is meant to align incentives so that trading activity and liquidity grow over time without depending only on outside rewards.<\/span><\/p>\n

Interest has picked up ahead of launch. The project says more than 10,000 wallets joined its pre-deposit program.\u00a0<\/span><\/p>\n

Early users are expected to receive airdrop rewards when tokens go live.\u00a0<\/span><\/p>\n

Public details on Ethena\u2019s website suggest that as much as 10% of Terminal\u2019s governance token supply may be set aside for sENA holders through the Terminal Points program.<\/span><\/p>\n

Points began accruing on June 28. Final rules, allocations, and timing will be confirmed closer to the token event.<\/span><\/p>\n

DISCOVER: 20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n

ENA Price Prediction: What Levels Must ENA Clear to Confirm a Bullish Reversal?<\/h2>\n

Ethena\u2019s ENA is trying to steady after weeks of pressure. Price action is now testing a descending trendline that has capped gains since early September.\u00a0<\/span><\/p>\n

Crypto investor Rand <\/span>flagged<\/span><\/a> the move, saying ENA is \u201cpushing straight over the downtrend resistance\u201d and could be setting up a bullish turn.<\/span><\/p>\n

Eyes on $ENA<\/a>, pushing straight over the downtrend resistance.<\/p>\n

Looking to trigger the bullish reversal <\/p>\n

More trade set ups at: https:\/\/t.co\/N3WuQcWWkm<\/a> pic.twitter.com\/3vPggmmo0M<\/a><\/p>\n

\u2014 Rand (@crypto_rand) October 28, 2025<\/a><\/p>\n\n

On the three-day chart, ENA bounced from the $0.42\u2013$0.46 demand area, a zone that has sparked brief recoveries before.\u00a0<\/span><\/p>\n

The rebound has carried the price into $0.52\u2013$0.58, a clear resistance band that flipped from support in late September. Price is pressing into this band while meeting the downtrend drawn from the $0.80 swing highs.<\/span><\/p>\n

A clean break above the diagonal and the $0.58 ceiling would open room toward $0.64, then $0.72. Those zones marked prior supply during the late-Q3 slide.\u00a0<\/span><\/p>\n

DISCOVER: Best New Cryptocurrencies to Invest in 2025<\/a><\/strong><\/p>\n\n

(<\/span>Source: X<\/span><\/a>)<\/span><\/p>\n

If buyers fail to reclaim $0.58, ENA remains at risk of another leg lower, with support at $0.46 and deeper downside toward $0.34.<\/span><\/p>\n

ENA has been moving lower since July, creating a wide downward channel. Each bounce shows traders are still protecting key price areas.\u00a0<\/span><\/p>\n

Late in October, the price briefly dipped below $0.20 before being bought up. That tells us some buyers are stepping in when the market sells off too hard.<\/span><\/p>\n

Right now, momentum looks flat. There\u2019s no strong trend either way. What happens next depends on whether ENA can close above the descending trendline.\u00a0<\/span><\/p>\n

If it breaks and holds above it, that would signal an early shift toward a recovery. If it fails again, the broader downtrend may continue through the end of the year.<\/span><\/p>\n

DISCOVER:\u00a0<\/span>20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n

The post Ethena DEX Hits $250M TVL Pre-Launch \u2014 Is ENA Set to Surge?<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Ethena-backed DEX Terminal has now topped a quarter-billion dollars in deposits before launch, signaling strong early interest in yield-bearing stablecoin trading, raising the question: Is ENA the best crypto to buy right now? Terminal Finance, a spot exchange built for institutional-grade assets and interest-accruing stablecoins, said its pre-deposit total value locked has climbed past $280 […]<\/p>\n","protected":false},"author":0,"featured_media":108602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-108601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/108601"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=108601"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/108601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/108602"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=108601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=108601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=108601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}