Ethena Leads 24-Hour Stablecoin Growth as Ripple Steps Aside
Ethena added $337.4 million in stablecoin market capitalization over 24 hours, according to U.Today, moving ahead of Ripple.
Ethena added $337.4 million in stablecoin market capitalization over 24 hours, according to U.Today, moving ahead of Ripple. Ethena (ENA) is trading at $0.1527, down 0.2% since this brief published. This is an original TLT brief based on reporting by U.Today, with live market data added, as of Sun, 08 Nov 2026 17:45:02 UTC.
Ethena’s rapid expansion could strengthen its position within the stablecoin market, while Ripple’s loss of the top growth spot shows how quickly issuance rankings can change. The development also comes as ENA trades below its recent levels amid a broadly cautious market backdrop.
- Ethena added $337.4 million in stablecoin capitalization over 24 hours.
- Ripple fell from the leading growth position, U.Today reported.
- Ethena’s DeFiLlama TVL reached $5.36 billion.
- ENA fell 3.24% over 24 hours and 17.34% over seven days.
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- Ethena Leads 24-Hour Stablecoin Growth as Ripple Steps Aside — this brief
U.Today reported that 
Ethena moved into the leading position for 24-hour stablecoin market capitalization growth, adding $337.4 million. Ripple consequently dropped from the top spot in the publication’s ranking. The report did not provide a corresponding 24-hour growth figure for Ripple, leaving the size of its decline undisclosed.
The ranking concerns growth in stablecoin market capitalization rather than Ethena’s market value alone. A separate DeFiLlama snapshot places Ethena’s total value locked at $5.36 billion, up 9.4% over seven days. That TVL measure covers the protocol’s broader DeFi footprint and should not be treated as a direct comparison with the reported one-day stablecoin capitalization increase.
Live market data show ENA trading at $0.153023, down 3.24% over 24 hours and 17.34% over seven days. Ethena’s token market capitalization stands at $2.07 billion. The decline in ENA’s quoted price occurred even as the stablecoin-growth ranking shifted toward Ethena, illustrating that issuance or capitalization growth and token performance are separate indicators.
The wider crypto market was relatively subdued, with total capitalization at $2.6 trillion and little overall change. 
Bitcoin was down 0.03% over 24 hours, while the Fear & Greed index registered 28, indicating a Fear reading. 
JUST traded at $0.142827, down 0.40% over 24 hours but up 3.92% over seven days, with a $1.15 billion market capitalization. The main development to monitor is whether Ethena maintains its expanded stablecoin position and whether Ripple returns to the top growth ranking.
Since this brief published about 16 hours ago, Ethena (ENA) has moved from $0.153 to $0.1527 — -0.20%.
The chart plots ENA's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ENA ≈ ₦210.59 (about $0.1527), down 3.5% over 24 hours. The naira itself trades about 2.3% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 8, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ethena Leads 24-Hour Stablecoin Growth as Ripple Steps Aside — questions & answers
How much did Ethena add in 24 hours?
U.Today reported that Ethena added $337.4 million in stablecoin market capitalization over 24 hours, moving ahead of Ripple.
What is Ethena’s verified TVL?
DeFiLlama reports Ethena TVL of $5.36 billion, representing a 9.4% increase over seven days.
How is ENA performing despite the growth?
ENA was down 3.24% over 24 hours and 17.34% over seven days, trading at $0.153023.
How much is 1 Ethena worth in naira today?
About ₦210.59 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.1527. The naira price moves with both ENA's US-dollar price and the USDT/NGN rate; use our Ethena in naira page for any amount.
Has Ethena's price moved since this brief was published?
ENA is down 0.20% since this brief first published — trading at $0.1527 now versus $0.153 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.