Altcoins News

Story: Ethena DeFi Faces $5.72B Outflows as ENA Struggles to Hold Recovery

By Maheen Hernandez

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Massive Outflows Hit Ethena. On-chain data highlights a sharp rise in investor withdrawals from Ethena.

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Earnings Collapse Adds Pressure. One of the most alarming trends for Ethena has been its steep decline in earnings.

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Token Unlocks Amplify Selling Pressure. Ethena’s recent price decline is not solely the result of market conditions.

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Protocol Revenue Hits New Lows. Ethena’s protocol revenue has taken a hit alongside its valuation.

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Inflows Plunge as Selling Pressure Rises. Ethena’s challenges are compounded by weak inflows. DeFiLlama reports that USD inflows into ENA…

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Market Outlook: Can ENA Recover?. Ethena’s recovery depends heavily on improved inflows, stronger revenue, and a slowdown in selling…

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Conclusion. Ethena is navigating a difficult period marked by extensive outflows, collapsing revenue, and…

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Ethena is facing one of its toughest market phases yet as massive investor outflows and declining protocol activity weigh heavily on its native token, ENA.

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The situation reflects a broader shift in confidence, as weak inflows, sharp revenue declines, and aggressive token unlocks have combined to drag ENA into increasingly bearish…

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On-chain data highlights a sharp rise in investor withdrawals from Ethena. Between 11 October and 12 November, total net outflows reached $5.

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This exodus has had an immediate effect on Ethena’s Total Value Locked (TVL), which currently stands at $8.581 billion, according to DeFiLlama.

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These outflows also suggest that a significant number of ENA holders are responding to weakened market conditions and the ongoing unlock events that have released new tokens into…

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One of the most alarming trends for Ethena has been its steep decline in earnings. During Q3, Ethena generated an average of $109,462 per day.

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This dramatic fall highlights shrinking demand for the protocol’s services and a noticeable drop in user activity.

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Maria Carola, CEO of StealthEx, attributes these pressures partly to macroeconomic conditions. She noted that ongoing uncertainty around inflation and U.S.

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