Why Is Ethena’s ENA Dipping Despite Being the ‘Fastest-Growing Stablecoin of All Time’?

Ethena, dubbed the “fastest growing stablecoin of all time,” has faced a recent decline in its ENA token value, leaving many puzzled by the downturn. An analysis by Delphi Digital sheds light on the factors influencing Ethena’s performance and its unique approach to the synthetic dollar. Additionally, insights from user @GammaPure highlight the involvement of