This new DeFi $ENA $PENDLE has suffered a loss in 🧐 the exchange rate during this ETH rally
$ENA The fall in the exchange rate is understandable, after all, as the market value of its circulation is increasing as the emission increases, the current logic is still pure mining coins. Perhaps at first, it will enjoy the same premium as $ARB, but in the end, if it does not implement the real utility or attract institutional buying, the price trend is likely to be poor.
$PENDLE Nothing to say, HODL.
I believe that the breaking point for $ENA does not lie in revenue sharing, but rather in promoting the adoption of Delta-Neutral type stablecoins based on funding rates and staking yields by institutions. There needs to be an expectation for market institutions to adopt it before the value of $ENA is drained and the loose environment during the reign of the understanding king comes to an end.
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