Sui (SUI), Ethena (ENA) Prices Soar on Major Announcements

Sui (SUI) and Ethena (ENA), the native cryptocurrency of the eponymous L1 and multi-purpose EVM DeFI protocol, surged in price today.

Ethena (ENA) co-founders share an ambitious 2024 review and stellar performance. Ethena’s USDe joins the stablecoin ranks, and the protocol itself has become the fastest-growing startup and the most resource-efficient protocol in the crypto space (by revenue per full-time employee).

The protocol will launch a new stablecoin, iUSDe, to accelerate crypto adoption among traditional financial asset managers and strengthen its presence in the Telegram ecosystem.

Sui (SUI) is the undisputed best performer with a nearly 20% increase. The coin has successfully broken through the $4.88 resistance set by Raoul Pal to hit a new all-time high.