Market Cap
24h Vol
6566
Cryptocurrencies
51.43%
Bitcoin Share

Ethena to Use Solana As Reserves for USDe, ENA Price Shoots 17%

Ethena to Use Solana As Reserves for USDe, ENA Price Shoots 17%


CoinGape
2024-10-14 06:07:00

In the latest development, the Ethena community introduced a new proposal that seeks to use Ethereum’s Layer-1 competitor Solana as a reserve asset for its synthetic dollar USDe. This development has sent the Ethena (ENA) price soaring by another 17% today to $0.39 thereby taking its market cap above $1.06 billion. Ethena to Use Solana The post Ethena to Use Solana As Reserves for USDe, ENA Price Shoots 17% appeared first on CoinGape .


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.