Ethena's $363M Fees: Bullish Or Bearish for ENA?

Ethena (ENA) runs one of DeFi's biggest money machines — roughly $363M a year in fees from its basis-trade engine. But there's a catch that decides everything for anyone holding the token: does that fee firehose actually reach ENA, or does almost all of it stop with stakers and the protocol? We score the network impact separately from the token-price impact. This is one catalyst, not the whole story — the TNT Score scores every one. Free early access (coming soon): altcoinbuzz.com #Ethena #ENA #DeFi #Crypto #TNTScore REGISTER FOR EARLY ACCESS TO OUR UPCOMING TNT SCORECARD PORTAL: See whether any piece of news actually helps the token, or just the network. → https://altcoinbuzz.com COMMUNITY & SOCIALS X https://x.com/Altcoinbuzzio ALTCOIN BUZZ CHAT https://t.me/AltcoinBuzzChat TOP CRYPTO NEWS https://www.altcoinbuzz.io REFERRAL LINKS MEXC https://bit.ly/MEXC-Gift Participate in weekly USDT airdrops & more DISCLAIMER The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Please do your own due diligence or consult a financial advisor. We believe that the information presented is correct and accurate, however, there is no guarantee or warranty as to the accuracy, timeliness, or completeness.