#Ethena, $ENA - Ethena is looking like a high-beta beast this quarter. While the price is hovering around $0.10, the protocol's underlying revenue just smashed records, Q1 earnings have already outpaced all of Q4 2025 in just 47 days. The team is aggressively expanding beyond Ethereum, recently dropping a new SDK to bring their "synthetic dollar," USDe, to the Sui blockchain. There’s a bit of short-term caution due to a token unlock coming on March 6th, but the long-term narrative is shifting toward ENA becoming a core yield-generating asset. If it can hold the $0.108 support, the "fee switch" activation could be the spark that sends this back toward its recent 20% rally highs.