- ENA adoption hits $15B TVL while price lingers at $0.75, showing strong growth but lagging speculative demand.
- Despite lagging price, ENA’s breakout and bullish setup highlight investor interest catching up with protocol adoption.
- ENS strength above $24 shows how tokens with solid momentum gain support, hinting ENA may follow as adoption accelerates.
ENA adoption HAS surged while its price lags behind. Data shows Total Value Locked (TVL) climbing toward $15 billion in mid-2025, but ENA trades near $0.75, still far below its $1.50 peak from April 2024.
The chart covering 18 months highlights a steady rise in TVL. It grew from almost nothing in early 2024 to about $3 billion by April that year. After consolidating between $4 billion and $6 billion during late 2024, TVL accelerated sharply in 2025, moving from $5 billion to nearly $15 billion.
ENA Price Action vs. Protocol Growth
Price action tells a very different story. Before plummeting to $0.25 by the middle of 2024, ENA had risen to $1.50 in April of that year. After a lengthy period of retracement, the token was trapped in a consolidation between $0.25 and $0.50 for about a year.
ENA recently broke outside of this range. Midway through 2025, prices increased toward $0.75, indicating new buying interest. The widening difference between TVL and price performance, however, indicates that adoption is surpassing speculative demand.
Besides adoption, analysts point to technical indicators supporting the case for further gains.
IITian In Crypto noted, “$ENA is about to flip its 50 EMA resistance, it is also forming a Bull Flag in Daily Time Frame.”
ENS Comparison Highlights Market Sentiment
Interestingly, ENS trading data offers a comparison for investor behavior. ENS climbed from $20 to $29 in July 2025 before consolidating between $22 and $30. Despite volatility, ENS maintained strength above $24, showing buyers supporting higher levels. RSI readings around 60 also confirmed balanced momentum.
ENA’s strong TVL growth, recent breakout, and bullish technical setup suggest its price could soon catch up with adoption trends.
