Is Ena denied by less than its value? Ithina network standards say yes! star-news.press/wp

Main meals

Eathina may be emerging with less than its value. However, the registration of TVL, a strong daily volume, a decrease in NVT, and a quick USDE dependence are signs of strong network.

On the surface, ENA may look calm.

Ena emerged by 19.5 % on August 21 after the re -purchase of $ 260 million, but this step ran out of Steam when he was unable to support. The price decreased to $ 0.50, which represents the lowest level in this month.

However, the image on the chain may be healthier. Ethena has accumulated a real activity, as Devilia has reached $ 117 million from the third quarter fee to date. In fact, more than 150 % of the Q2 – a sign of the use of a growth protocol.

Source: Devillama

The growth of revenue tells us a similar story as well.

Ethena has achieved 42 million dollars so far, over $ 27 million from Q4 2024 despite the market noise. Compared to $ 1.82 million of Q2, this is about 2,500 % of pop, indicating that Ena may be economically sustainable.

Layer in USDE after that measuring To the maximum market of $ 10 billion in only 500 days, and you have the fastest growth between the best stablecoins. Consequently, the question – is Ena essentially less than its value?

Ethaina network exceeds the price

Ethina’s activity on the series now exceeds the price.

For example – Ethaina recorded $ 633 million in Daily trading volumeAnd put it among the most active Defi assets on the market. With the support of this activity, TVL reached a record $ 12.5 billion, adding only about $ 4 billion this month.

Thanks to the maximum market of $ 4.35 billion, NVT came from ENA by about 6.9 – on the occasion of a relatively low number, a healthy network productivity for the evaluation.

Source: Devillama

In short, it seems that Eathina is less than its value.

High daily trading volume, TVL record, NVT lowAnd the growth of strong revenues and fees are all signs on the basics of the health network. They all mean strong adoption and strong user participation.

Meanwhile, the activity on the chain, value capture, and the dependence of USDE outperform the price, making the ENA level $ 0.50 of the decline level.