Ethena (ENA), Binance's 50th Launchpool project, was launched and opened for trading after a three-day farming period.
The altcoin, which was traded at around $0.67 in some pre-launch markets before the launch, is trading at $0.82 at the time of writing, with an impressive rise, and has a market value of around $1.17 billion.
In this sense, ENA represents one of Binance's most successful Launchpool launches in recent times. ETHFI, the previous Launchpool project, has a market value of $624 million at the time of writing. However, although ETFFI opened at around $ 3, it is currently trading at $ 5.43 with the increase it experienced.
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