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$ENA holders reached 83k a steady climb across 20 months
The catalyst behind the surge:
sENA liquid staking, launched in Sep 2025
Stake ENA → receive sENA that remains fully composable across DeFi (Pendle, Aave, Morpho, and more)
At the same time, sENA earns 15% of future token supply from ecosystem partners:
@etherealdex
@BasedOneX
@DeriveXYZ
@strata_fi
@Terminal_fi
@EchelonMarket
@hyenatrade
@ReyaFinance
@nunchi
Impact so far: >13% of the total ENA supply is staked
Across the last 3 months of 2025, the community grew by ~25k holders, fueled by a model that turns @ethena_labs and @Ethena_Eco into a long-term value engine
A powerful holder-retention flywheel for this cycle
Data: @tokenterminal