Wu Blockchain reports that, according to Santiment monitoring, Ethena's on-chain activity has seen explosive growth recently. On June 18, its daily active addresses (5,057) hit a new high since November 2025, while the number of new wallets (2,968) also reached its highest level since April 2024. Analysts suggest that ENA's proposed buyback and burn mechanism, expanded staking utility, and the continued growth of the USDe ecosystem are the main drivers behind this surge in network activity. https://(wublock123.com)/news/ethena-onchain-activity-surges-daily-active-addresses-highest-since-nov-2025-63144