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ENA, the native token of the synthetic dollar protocol Ethena, has surged over 25% after its stablecoin, USDe, was integrated with Pendle Financeās yield-boosting looping mechanism. The move appears to have strong backing from large holders, or āwhales,ā who are capitalizing on the new, higher yields.
Sound familiar? This isnāt the first time a major integration has sent ENA flying. Hereās our past report on what happened when Aave added support for USDe.
Ethena is now live on HyperEVM
ā Pendle (@pendle_fi) August 7, 2025sUSDe (25 Sep '25) with 30x Sats
Earn fixed yield on @ethena_labs assets directly within your favourite chain, with deeper Pencosystem integration just around the corner. pic.twitter.com/TQYHN1kQJr
Ethena went live on HyperEVM last Thursday, receiving immediate support from the Ethena ecosystem. The innovationās adoption is having a positivā¦
The post Ethena (ENA) Surges 25% After New Pendle Finance Integration Goes Live appeared first on Coin Edition.
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