Multicoin Capital announces investment in ENA token

2025-11-15 02:22:41

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Vishal Kankani, head of investments at Multicoin Capital, tweeted that the liquidity fund of Multicoin Capital has invested in the native token of Ethena Protocol, ENA.

He believes that the synthetic dollar of Ethena, USDe, has the potential to combine three main trends: stablecoin, permanence, and asset tokenization. Kankani points out that Ethena is the only synthetic dollar to achieve significant distribution and liquidity outside of USDC and USDT.

USDe has been used as a core collateral asset on platforms like Binance and Bybit. Since its launch, this protocol has generated nearly 600 million dollars, with over 450 million dollars generated in the past twelve months.

TOKEN8,8%

ENA3,59%

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