---
title: "Three Reasons to Be Bullish on Ethena"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284322616.md"
description: "PANews posted on X (formerly Twitter). Ethena is gaining attention for several reasons. Firstly, it serves as the yield layer of the U.S. dollar economy. Secondly, it is the only protocol that connects the stablecoin economy with the perpetual economy through a single mechanism. Lastly, there is a pricing discrepancy for ENA, given a total fee rate of 3.6 times and zero value accumulation. This presents an asymmetry in any reasonable growth scenario, even those significantly below the management's set targets."
datetime: "2026-04-28T06:08:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284322616.md)
  - [en](https://longbridge.com/en/news/284322616.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284322616.md)
---

# Three Reasons to Be Bullish on Ethena

PANews posted on X (formerly Twitter). Ethena is gaining attention for several reasons. Firstly, it serves as the yield layer of the U.S. dollar economy. Secondly, it is the only protocol that connects the stablecoin economy with the perpetual economy through a single mechanism. Lastly, there is a pricing discrepancy for ENA, given a total fee rate of 3.6 times and zero value accumulation. This presents an asymmetry in any reasonable growth scenario, even those significantly below the management's set targets.

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