Ethena’s $ENA token is now live on Solana, according to an announcement from Solana. The integration with Sunrise DeFi enables $ENA, Ethena’s synthetic stablecoin protocol, to operate on the Solana blockchain, expanding its multichain presence beyond Ethereum.
Ethena is a stablecoin protocol that generates yield through delta-neutral trading strategies. $ENA, the protocol’s governance token, was previously available on Ethereum. The Solana integration marks a significant expansion of $ENA‘s accessibility, allowing Solana users and developers direct access to Ethena’s stablecoin and tokenomics.
Sunrise DeFi serves as the integration partner, handling the technical implementation to bring $ENA to Solana’s ecosystem. The move aligns with a broader trend of major DeFi protocols expanding across multiple blockchains to capture ecosystem-specific liquidity and user bases.
Sources: Solana
This article was produced with the help of AI flows.
