Ethena Takes Lead in Stablecoin Market Cap Growth
Ethena overtook Ripple in daily stablecoin market-cap growth, adding $337.4 million over 24 hours.
Ethena overtook Ripple in daily stablecoin market-cap growth, adding $337.4 million over 24 hours. Ethena (ENA) is trading at ₹14.46 ($0.1536), down 0.2% since this brief published. This is an original Token Times brief based on reporting by U.Today, with live market data added, as of Sun, 08 Nov 2026 14:00:01 UTC.
The change puts Ethena at the center of the latest stablecoin expansion, although its token price remains under pressure and the broader crypto market shows little momentum.
- Ethena added $337.4 million in stablecoin market cap over 24 hours.
- Ethena moved ahead of Ripple in the growth ranking, according to U.Today.
- DeFiLlama reports Ethena TVL of $5.36 billion, up 9.4% over seven days.
- ENA fell 4.91% over 24 hours despite the reported expansion.
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- Ethena Takes Lead in Stablecoin Market Cap Growth — this brief
U.Today reports that 
Ethena moved into first place for stablecoin market-cap growth, overtaking Ripple after recording a $337.4 million increase over a 24-hour period. The report did not specify which Ripple-issued stablecoin was being tracked or provide Ripple’s corresponding growth figure, leaving the scale of the lead unquantified.
Independent on-chain data from DeFiLlama places Ethena’s total value locked at $5.36 billion, with a 9.4% increase over seven days. That longer-term expansion provides additional context for the reported one-day market-cap growth, although total value locked and stablecoin market capitalization are distinct measures and should not be treated as interchangeable.
The story is supported by one outlet only, with no corroborating publisher supplied. U.Today’s ranking is the sole source for the $337.4 million figure and the claim that Ethena passed Ripple; the verified DeFiLlama data supports Ethena’s broader growth but does not independently confirm the daily stablecoin ranking.
Market conditions are muted across the wider crypto market. The total capitalization stands at $2.61 trillion and is broadly flat, while 
Bitcoin is up 0.10% over 24 hours and the Fear & Greed Index reads 28, indicating fear. Ethena’s ENA token trades at $0.153971, down 4.91% over 24 hours and 17.75% over seven days, with a $2.08 billion market capitalization. 
JUST is down 0.22% over 24 hours but up 4.51% over seven days, at $0.142524 and a $1.14 billion market capitalization. The next point to monitor is whether Ethena’s reported stablecoin growth persists alongside or apart from weakness in ENA’s token price.
Since this brief published about 12 hours ago, Ethena (ENA) has moved from ₹14.49$0.154 to ₹14.46$0.1536 — -0.24%.
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 Token Times'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 ≈ ₹15.58 (about $0.1536), down 4.9% over 24 hours. The rupee itself trades about 7.8% above the official rate on the P2P market, so a Indian 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.
Token Times 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 Takes Lead in Stablecoin Market Cap Growth — questions & answers
How much did Ethena’s stablecoin market cap grow?
U.Today reports that Ethena added $337.4 million in market capitalization over 24 hours, enough to move ahead of Ripple in the growth ranking.
What is Ethena’s current on-chain TVL?
DeFiLlama reports Ethena TVL of $5.36 billion, representing a 9.4% increase over seven days.
How is ENA trading amid the reported growth?
ENA is down 4.91% over 24 hours and 17.75% over seven days, trading at $0.153971.
How much is 1 Ethena worth in rupee today?
About ₹15.58 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.1536. The rupee price moves with both ENA's US-dollar price and the USDT/INR rate; use our Ethena in rupee page for any amount.
Has Ethena's price moved since this brief was published?
ENA is down 0.24% since this brief first published — trading at ₹14.46 ($0.1536) now versus ₹14.49 ($0.154) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times 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 Token Times 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.