{"id":578221,"date":"2026-03-11T17:46:01","date_gmt":"2026-03-11T12:16:01","guid":{"rendered":"https:\/\/ambcrypto.com\/predictions\/ethena-price-prediction\/"},"modified":"2026-06-04T01:41:43","modified_gmt":"2026-06-04T05:41:43","slug":"ethena-price-prediction","status":"publish","type":"predictions","link":"https:\/\/ambcrypto.com\/predictions\/ethena-price-prediction\/","title":{"rendered":"Ethena Price Prediction"},"content":{"rendered":"

Ethena was founded in 2023 by Guy Young through Ethena Labs. Ethena Labs was established to reshape the decentralized finance (DeFi) landscape.\u00a0<\/span><\/p>\n

Guy Young, in establishing Ethena Labs, brought extensive experience after years of working in TradFi. Young\u2019s vast experience in the finance sector spurred the development of a new kind of financial product.\u00a0<\/span><\/p>\n

Ethena, as an idea, was inspired by the inefficiencies of traditional stablecoins. This was a problem Arthur Hayes, Founder of Bitmex, discussed earlier.\u00a0<\/span><\/p>\n

Young adopted the concept and attempted to leverage Ethereum\u2019s unique properties, including liquid staking, to produce a neutral stance. The adoption of this concept gave birth to Ethena\u2019s main product – USDe.\u00a0<\/span><\/p>\n

Ethena aims to solve the problem of over-reliance on the traditional banking infrastructure with already existing stablecoins.\u00a0<\/span><\/p>\n

Thus, the Ethena model is aimed at offering derivative infrastructure to help Ethereum transition into a yield-bearing synthetic dollar. In essence, Ethena\u2019s first product, USDe, was designed as a delta-neutral synthetic dollar.\u00a0<\/span><\/p>\n

Users deposited USD, Ethereum, or other liquid staking tokens as collateral to create USDe. In July 2023, Ethena\u2019s idea became a reality after securing its first funding round, raising $6 million. Dragonfly led the funding, while other crypto players, including Arthur Hayes, Maelstrom, and derivatives exchanges, participated too.\u00a0<\/span><\/p>\n

After the seed funding, Ethena completed a $100 million fundraising round in December 2024. Major investors such as Franklin Templeton and F-Prime Capital joined the fund drive. In March 2024, the second B-series funding round raised an additional $16 million, bringing the total to $136 million.\u00a0<\/span><\/p>\n

The funding paved the way for the launch of its stablecoin and bond assets. After a successful funding round, Ethena\u2019s USDe was launched in February 2024. Shortly after its launch, the synthetic dollar USDe saw massive adoption and established itself as a major player in the crypto space.\u00a0<\/span><\/p>\n

In fact, by December 2024, USDe’s supply hit a record $6 billion, making it the third-largest stablecoin. It also became the fastest USD-denominated stablecoin to reach a $5 billion supply.\u00a0<\/span><\/p>\n

Coupled with that, 2024 proved successful in revenue generation. Ethena surpassed $1.2 billion in annualized revenue by its first year of operation. By December 2024, the protocol had also recorded the highest FTE.\u00a0<\/span><\/p>\n

With adoption and market acceptance, Ethena’s growth has remained steady over the past 2 years. In fact, the Protocol’s Total Value Locked rose to $14.9 billion in 2025, before falling to $5.5 billion at press time.\u00a0<\/span><\/p>\n

Besides USDe, Ethena\u2019s governance and utility token, ENA, has also evolved into a productive asset that secures the protocol. Also, ENA is used to accrue revenue for stakers.\u00a0<\/span><\/p>\n

To keep pace with rapid growth, Ethena has continued to expand its scope through upgrades and ecosystem developments. For instance, Ethena raised $100 million and launched iUSDe in 2025. This product is specifically designed for TradFi, allowing asset managers, prime brokers and private credit funds to hold yield-bearing stablecoins.\u00a0<\/span><\/p>\n

Coupled with that, Ethena has undergone a series of upgrades to improve functionality and competitiveness. The network\u2019s Mint and Redeem V2 contract was upgraded to optimize the minting and burning of USDe mechanisms.\u00a0<\/span><\/p>\n

Finally, Ethena activated the fee switch, allowing protocol revenue to be shared with ENA token holders. The introduction unlocked millions in token buybacks after reaching a major USDe revenue and supply milestone.<\/span><\/p>\n

In July 2025, Ethena and StablecoinX announced an ENA token buyback program, with $260 million allocated to repurchase locked ENA tokens. Stablecoinx would acquire 3 billion ENA to help stabilize the ecosystem.\u00a0<\/span><\/p>\n","protected":false},"template":"","class_list":["post-578221","predictions","type-predictions","status-publish"],"acf":[],"yoast_head":"\nEthena Price Prediction - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Ethena aims to solve the problem of over-reliance on the traditional banking infrastructure with already existing stablecoins...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/predictions\/ethena-price-prediction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethena Price Prediction - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Ethena was founded in 2023 by Guy Young through Ethena Labs. Ethena Labs was established to reshape the decentralized finance (DeFi) landscape.\u00a0 Guy\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/predictions\/ethena-price-prediction\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-04T05:41:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-article.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/predictions\\\/ethena-price-prediction\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/predictions\\\/ethena-price-prediction\\\/\",\"name\":\"Ethena Price Prediction - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"datePublished\":\"2026-03-11T12:16:01+00:00\",\"dateModified\":\"2026-06-04T05:41:43+00:00\",\"description\":\"Ethena aims to solve the problem of over-reliance on the traditional banking infrastructure with already existing stablecoins...\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/predictions\\\/ethena-price-prediction\\\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ethena Price Prediction - AMBCrypto","description":"Ethena aims to solve the problem of over-reliance on the traditional banking infrastructure with already existing stablecoins...","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/predictions\/ethena-price-prediction\/","og_locale":"en_US","og_type":"article","og_title":"Ethena Price Prediction - AMBCrypto","og_description":"Ethena was founded in 2023 by Guy Young through Ethena Labs. Ethena Labs was established to reshape the decentralized finance (DeFi) landscape.\u00a0 Guy","og_url":"https:\/\/ambcrypto.com\/predictions\/ethena-price-prediction\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_modified_time":"2026-06-04T05:41:43+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-article.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@CryptoAmb","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/predictions\/ethena-price-prediction\/","url":"https:\/\/ambcrypto.com\/predictions\/ethena-price-prediction\/","name":"Ethena Price Prediction - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"datePublished":"2026-03-11T12:16:01+00:00","dateModified":"2026-06-04T05:41:43+00:00","description":"Ethena aims to solve the problem of over-reliance on the traditional banking infrastructure with already existing stablecoins...","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/predictions\/ethena-price-prediction\/"]}]},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]}]}},"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/predictions\/578221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/predictions"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/predictions"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=578221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}