4 hours ago
Whale activity surrounding $ENA has surged in recent days, signaling strong confidence in Ethena’s growing ecosystem. Over the past three days, a newly established wallet has withdrawn 13.65 million $ENA (worth $13.42 million) from Binance, highlighting significant accumulation during the recent market dip. Whales are accumulating $ENA . Over the past 3 days, this newly created wallet has withdrawn 13.65M $ENA ($13.42M) from #Binance . https://t.co/yVzvPAUlYG pic.twitter.com/warF4CflA8 — Lookonchain (@lookonchain) December 20, 2024 In total, whales have purchased over 36.55 million $ENA amid the price correction, demonstrating their belief in the token’s long-term potential. This buying spree reflects increasing interest in Ethena as it solidifies its position as a key player in the DeFi space. During the recent price dip, whales bought over 36.55 million #Ethena $ENA ! pic.twitter.com/U410ClRCbW — Ali (@ali_charts) December 18, 2024 Data from DeFiLlama reveals that as of December 17, Ethena’s Total Value Locked (TVL) surpassed an impressive $6 billion, setting a new record high. A significant portion of this comes from the supply of USDe, which reached 5.933 billion, alongside USDtb supply amounting to 70.42 million. 据 DeFilama 平台数据显示，截止 12 月 17 日，Ethena TVL 突破 60 亿美元，创历史新高。其中 USDe 供应量达 59.33 亿枚，USDtb 供应量达 7042 万枚。 pic.twitter.com/djHY1oZPBA — BlockBeats｜We`re hiring! (@BlockBeatsAsia) December 17, 2024 These milestones underscore the growing adoption of Ethena’s ecosystem, particularly its innovative stablecoin solutions. The platform’s ability to attract substantial liquidity and whale interest highlights its strong market positioning and trust within the DeFi community. Ethena’s recent success can be attributed to its robust protocol design and the increasing demand for stablecoin and yield-generating opportunities. With whales actively accumulating $ENA and TVL climbing to new heights, the project is well-positioned for continued growth and influence in the decentralized finance sector. As investor confidence grows, all eyes remain on Ethena’s next developments, as it continues to push boundaries and drive innovation in the crypto space. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: loft39studio/ 123RF // Image Effects by Colorcinch
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XRP Defies Hourly Death Cross With 5% Price Jump
XRP reached intraday highs of $2.38 NullTx
This Crypto Sector Could Rally by up to 5x in 2025 and Outperform Bitcoin, Ethereum and Solana, Says Analyst
Real Vision’s crypto analyst Jamie Coutts is outlining the major trends that the cryptocurrency industry is likely to witness in 2025. Coutts says on the social media platform X that the decentralized finance (DeFi) sector could go up by between 4x and 5x as a result of the traditional finance (TradFi) sector entering the space. Amid the massive growth, Coutts predicts that some DeFi protocols could outperform Bitcoin ( BTC ), Ethereum ( ETH ) and Solana ( SOL ). He also sees the start of an entanglement between DeFi and TradFi next year. “Big Trends For 2025 1. TradFi starts catching up – expect CEX (centralized exchange) acquisitions and more crypto integrations (Robinhood/Arbitrum) 2. Several CEXs file and list on TradFi exchanges. 3. Several CEXs build out their own DEX platforms (L2s) or multichain integrations 4. RWA (real-world asset) pumps the sector valuations as financial asset tokenization ramps up (esp stocks and fixed income) 5. TradFi growth investors start adding crypto sleeves – DeFi sector a priority because they can be modeled on cashflows 6. DeFi sector goes up by a 4-5x. Several protocols outperform ETH/SOL/BTC.” Coutts adds the numbers show that crypto is quickly gaining ground against the more established TradFi industry. “This is wild. Crypto is eating TradFi’s lunch. 1. Coinbase: 11% of global exchange revenue, ranked 5th, ahead of Nasdaq. 2. DEXs (decentralized exchanges): 5%, outranking HKEX (The Stock Exchange of Hong Kong) and CBOE. 3. Total CEX revenue could hit parity with TradFi in 2024. 4. CEX and DEXs are growing 2.5-4x faster than TradFi. 5. DEXs are some of the most ‘profitable’ applications in the world. 6. If you value the CEX sector on Coinbase’s P/S (price to sales) multiple: total market cap would be $749 billion vs TradFi’s $610 billion.” At time of writing, the total DeFi market cap stands at $152.616 billion. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post This Crypto Sector Could Rally by up to 5x in 2025 and Outperform Bitcoin, Ethereum and Solana, Says Analyst appeared first on The Daily Hodl . NullTx
