Ethena has encountered significant net outflows totaling 5.72 billion USD, deeply affecting its Total Value Locked (TVL), which now stands at 8.581 billion USD. These changes reflect a concerning bearish trend.
Average daily earnings for Ethena have dramatically decreased from 109,462 USD in Q3 to 8,987 USD in Q4. The CEO of StealthEx pointed out that macroeconomic factors could exacerbate ENA’s struggles, reinforcing investor caution.
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