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![CoinSh0t Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1373924912.png) Coin Shot ☁️ [@CoinSh0t](/creator/twitter/CoinSh0t) on x 16.3K followers
Created: 2025-07-25 18:43:17 UTC

6/➮ $ENA | @ethena_labs

Ethena is a synthetic dollar protocol on Ethereum, offering a yield-bearing stablecoin called USDe backed by crypto collateral and delta-neutral strategies

It aims to create a scalable on-chain alternative to traditional banking deposits without relying on fiat reserves

MC: $3.4B
CA: 0x57e114b691db790c35207b2e685d4a43181e6061

![](https://pbs.twimg.com/amplify_video_thumb/1948815302541582336/img/mCbbAiH9VZzATwBf.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948816341747503285/c:line.svg)

**Related Topics**
[ena](/topic/ena)
[0x57e114b691db790c35207b2e685d4a43181e6061](/topic/0x57e114b691db790c35207b2e685d4a43181e6061)
[$34b](/topic/$34b)
[fiat](/topic/fiat)
[banking](/topic/banking)
[onchain](/topic/onchain)
[coins stablecoin](/topic/coins-stablecoin)
[protocol](/topic/protocol)

[Post Link](https://x.com/CoinSh0t/status/1948816341747503285)