Ethena’s Network Activity Surges to Multi-Month Highs — But Why Is ENA Price Falling?

The post Ethena’s Network Activity Surges to Multi-Month Highs — But Why Is ENA Price Falling? appeared first on Coinpedia Fintech News

Ethena is witnessing a sharp rise in on-chain activity, with daily active addresses and new wallet creation surging to levels not seen in months. Despite this surge in network participation, ENA’s market performance has moved in the opposite direction. The ENA price fell more than 8% over the past day, reaching $0.086, struggling to reclaim …