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

According to media reports, Ethena completed a new funding round on August 1, 2025, raising $10 million. The round was led by ArkStream Capital. With this latest investment, Ethena’s total cumulative funding has reached $146.5 million.Ethena is a project focused on building Ethereum-based derivatives infrastructure. Its objective is to transform Ethereum into a global internet bond through delta-neutral positions on stETH, and to create USDE—the first yield-bearing, crypto-native stablecoin. Since its inception, Ethena has experienced rapid growth, completing multiple funding rounds over the past two years.Tracing its development, Ethena raised $6.5 million in its seed round in July 2023 and secured $14 million in a Seed Plus round in February 2024. In February 2024, Ethena officially launched on mainnet, and its native token ENA was subsequently listed on several major exchanges. Notably, the project secured $100 million in strategic funding at the beginning of 2025, followed by an additional $16 million in March.Additionally, in March 2025, Ethena Labs announced a partnership with Securitize to launch Converge—an EVM-compatible blockchain—demonstrating ongoing efforts in technological innovation and ecosystem expansion. Amid intensifying competition in the stablecoin sector, Ethena’s innovative model and sustained capital support are expected to strengthen its competitive position within decentralized finance (DeFi).