2028 forecast for Ethena (ENA) from Standard Chartered

Standard Chartered, which is based in the UK but is one of the most active banks especially in the Asian region, made important and upward predictions about Ethena, one of the DeFi projects.

The group, led by Geoffrey Kendrick, the bank's Chief Digital Assets Analyst, had previously made a splash in the crypto markets with their predictions for AAVE, UNI, LINK and Arbitrum.

“$2 by the end of 2028…”

Bank analysts stated that ENA token could reach a value of $ 2 by the end of 2028, and the biggest reason behind this is expected to be the growth in the revenue model:

"A significant part of Ethena's income comes from crypto futures, but in the coming period, they will also have income other than this. Revenues will begin in areas such as tokenized shares, futures in shares, corporate loans. This will also accelerate the growth of USDe. We think that the current supply of approximately 4.9 billion dollars can exceed 40 billion dollars by the end of 2028. When the USDe supply reaches certain thresholds, 95% of the net income provided to the Ethena Foundation will be in ENA buybacks "This will be a factor that will increase the price further."