{"id":43446,"date":"2026-05-14T15:25:10","date_gmt":"2026-05-14T15:25:10","guid":{"rendered":"https:\/\/cryptd.in\/why-ethena-just-recorded-its-biggest-network-growth-in-over-three-months\/"},"modified":"2026-05-14T15:25:10","modified_gmt":"2026-05-14T15:25:10","slug":"why-ethena-just-recorded-its-biggest-network-growth-in-over-three-months","status":"publish","type":"post","link":"https:\/\/cryptd.in\/it\/why-ethena-just-recorded-its-biggest-network-growth-in-over-three-months\/","title":{"rendered":"Why Ethena Just Recorded Its Biggest Network Growth in Over Three Months"},"content":{"rendered":"<p>Ethena\u00a0recorded its largest single day of network growth in more than three months on May 12, as the number of newly created wallets surged alongside a sharp rise in whale activity.<\/p>\n<p>In the meantime, whale transactions involving the ENA token also climbed to their highest level in five weeks.<\/p>\n<h2>Network Activity and Whale Growth<\/h2>\n<p>Crypto analytics platform Santiment <a href=\"https:\/\/x.com\/SantimentData\/status\/2054580134951190662\">linked<\/a> the increase in activity to several major developments surrounding the protocol in the days leading up to May 12.<\/p>\n<p>For instance, asset management giant Grayscale Investments added ENA to its DeFi Fund with a 13.59% allocation, a move viewed as a major step toward institutional adoption. Santiment said the inclusion likely contributed to the creation of new custody wallets.<\/p>\n<p>Attention on the protocol intensified further after a $310 million USDC transfer from an Ethena-linked wallet on May 8 and the suspension of a LayerZero bridge on May 9. The growing anticipation surrounding Ethena\u2019s upcoming fee switch activation and expected governance vote could be yet another factor at play.<\/p>\n<p>ENA has fallen more than 85% from the highs it reached in August 2025 as the broader crypto market faced heavy selling pressure. However, the token showed signs of recovery over the past month with a gradual upward move. But fresh selling pressure on Thursday erased part of those gains, leaving ENA up by less than 20% for the month.<\/p>\n<h2>Ethena USDe Expansion<\/h2>\n<p>In a separate ecosystem development, Ethena\u2019s USDe stablecoin is being <a href=\"https:\/\/www.prnewswire.com\/news-releases\/jupiter-lend-onboards-bitwise-to-curate-ethena-market-302771007.html\">integrated<\/a> into a new institutional-focused lending market launched on Solana-based DEX aggregator Jupiter through its Jupiter Lend product. The new offering was developed in partnership with Bitwise Asset Management and Fluid.<\/p>\n<p>The launch also represents the first time a traditional asset manager has curated a lending market on Jupiter Lend. Bitwise said Ethena\u2019s expansion into the Solana ecosystem and its growing institutional presence align with its long-term view on on-chain finance and DeFi adoption.<\/p>\n<p>Il post <a href=\"https:\/\/cryptopotato.com\/why-ethena-just-recorded-its-biggest-network-growth-in-over-three-months\/\">Why Ethena Just Recorded Its Biggest Network Growth in Over Three Months<\/a> \u00e8 apparso per la prima volta su <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">Criptopatate<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Ethena\u00a0recorded its largest single day of network growth in more than three months on May 12, as the number of newly created wallets surged alongside a sharp rise in whale activity. In the meantime, whale transactions involving the ENA token also climbed to their highest level in five weeks. Network Activity and Whale Growth Crypto [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":43448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-43446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Ethena Just Recorded Its Biggest Network Growth in Over Three Months - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/it\/why-ethena-just-recorded-its-biggest-network-growth-in-over-three-months\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Ethena Just Recorded Its Biggest Network Growth in Over Three Months - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Ethena\u00a0recorded its largest single day of network growth in more than three months on May 12, as the number of newly created wallets surged alongside a sharp rise in whale activity. In the meantime, whale transactions involving the ENA token also climbed to their highest level in five weeks. 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