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

According to industry 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 cumulative total funding has reached $146.5 million.Ethena is an innovative crypto financial infrastructure project focused on building derivatives infrastructure on Ethereum. By establishing delta-neutral positions on stETH, Ethena aims to transform Ethereum into a global internet bond and has launched the first crypto-native yield-bearing stablecoin, USDE.Since 2023, Ethena has experienced rapid growth. The project raised $6.5 million in its seed round in July 2023, followed by a $14 million Seed Plus round in February 2024. Ethena officially launched on mainnet in February 2024, and its native token ENA has been listed on several major exchanges. Notably, the project secured $100 million in strategic funding in February 2025 and an additional $16 million in March 2025, underscoring continued investor confidence.Additionally, in March 2025, Ethena Labs announced a partnership with Securitize to launch Converge, an EVM-compatible blockchain, further expanding its technology ecosystem. These developments demonstrate Ethena’s significant influence in DeFi innovation and the stablecoin sector, positioning it to deliver further innovative solutions to the crypto financial market.