MEXC Ventures Increases Investment in Ethena Ecosystem to $66 Million
- MEXC Ventures has invested a total of $66 million in the Ethena ecosystem.
- The latest funding round includes a $14 million investment in ENA, the governance token of the Ethena protocol.
- Earlier this year, MEXC Ventures acquired $16 million worth of ENA and $20 million in USDe, a synthetic stablecoin.
- USDe’s market capitalization has surged from approximately $5.3 billion to $14.65 billion since early July.
- MEXC Ventures has invested over $100 million across more than 40 projects and provides support to enhance project development.
This significant investment reflects MEXC Ventures’ strategy as ecosystem builders rather than just passive investors, according to Leo Zhao, Investment Director at MEXC Ventures.
With USDe’s market cap tripling since July, MEXC’s commitment underscores its belief in the potential growth of the stablecoin sector and decentralized finance initiatives.(Source)
