Standard Chartered Predicts Ethena's ENA Token to Reach $2 by 2028

Standard Chartered, a leading global bank, has initiated research coverage of Ethena's ENA token and set a price target of $2 by the end of 2028.

The bank predicts that ENA will reach $0.42 by the end of 2026 and $1.10 by the end of 2027, with USDe supply reaching approximately $40 billion worth by the end of 2028.

This growth is expected to be driven by the convergence of DeFi and TradFi, as well as the expansion of real-world assets deployed on blockchains from around $40 billion currently to $2 trillion over the same period.