Ethena Secures $10 Million in Funding on August 1, 2025

According to media reports, Ethena completed a new funding round on August 1, 2025, raising $10 million. The round was led by ArkStream Capital. Following this transaction, Ethena’s total cumulative funding has reached $146.5 million.Ethena is a project focused on building derivatives infrastructure, aiming to transform Ethereum into a global internet bond through delta-neutral positions on stETH, thereby creating the first crypto-native yield-bearing stablecoin, USDE. Since its launch, Ethena has experienced rapid growth and demonstrated strong momentum.Reviewing Ethena’s development history: In July 2023, the project raised $6.5 million in seed funding, followed by a $14 million Seed Plus round in February 2024. In February 2024, Ethena officially launched on mainnet, and its native token ENA was subsequently listed on several major exchanges. In early 2025, the project secured an additional $100 million in strategic funding and raised a further $16 million in March. Notably, Ethena Labs has also partnered with Securitize to launch Converge, an EVM-compatible blockchain, further expanding its ecosystem.This latest funding will enable Ethena to further enhance its product offerings, expand market share, and drive innovation in crypto-native stablecoins. Against the backdrop of rapid growth in decentralized finance (DeFi), Ethena’s innovative approach is expected to create new opportunities for the industry.