[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![thesis_io Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1905457684318748674.png) Thesis.io [@thesis_io](/creator/twitter/thesis_io) on x 12.7K followers
Created: 2025-07-21 09:00:36 UTC

Who's Having 2021 DeFi summer Déjà Vu? Lending on $ETH is Printing HARD! 🌪

1️⃣ @ethena_labs - $ENA soared +20% on July 20, capping off a +43% gain over X days. This rally is powered by:

➤ The GENIUS act effect
➤ $750M+ inflow
➤ Upbit listing news
➤ Its delta-neutral model turning funding rates into stablecoin yield

2️⃣ @0xfluid - $FLUID is also outstanding

➤ Now at $1.2B+ TVL
➤ Boosted by Jupiter's Solana lending rollout
➤ Evolving into a hybrid DEX + money market beast

Yields are so back, and so are ETH protocols!

👇 Let’s find out what's under the hood and the room for growth

![](https://pbs.twimg.com/media/GwXqZMtXcAAWcqU.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947220150060765613/c:line.svg)

**Related Topics**
[genius act](/topic/genius-act)
[ena](/topic/ena)
[tvl](/topic/tvl)
[$12b](/topic/$12b)
[$fluid](/topic/$fluid)
[0xfluid](/topic/0xfluid)
[coins stablecoin](/topic/coins-stablecoin)
[rates](/topic/rates)

[Post Link](https://x.com/thesis_io/status/1947220150060765613)