Ethena (ENA) is highlighted as a crypto project with significant growth potential, particularly as "perps" (perpetual futures) expand beyond crypto into traditional finance. The accompanying chart shows TLGY - StablecoinX (ENA) has raised 8.44% of its treasury asset market cap in cash, the highest among listed crypto treasury companies, indicating strong capital conviction. This suggests ENA is well-capitalized for future expansion in the evolving financial landscape.