This week, Polkadot (DOT) and Ethena (ENA) both increased by over 20%, but their underlying driving forces are quite different. ENA's steady rise is attributed to high trading volume, with a 24-hour trading volume of $207 million, indicating sustained market demand that is enough to offset its over 400% annual inflation rate. In contrast, DOT's rapid price increase was driven by relatively low trading volume ($147 million) and fewer participants, but it benefits from stable or even negative inflation, resulting in lower short-term supply risk.
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This week, Polkadot (DOT) and Ethena (ENA) both increased by over 20%, but their underlying driving forces are quite different. ENA's steady rise is attributed to high trading volume, with a 24-hour trading volume of $207 million, indicating sustained market demand that is enough to offset its over 400% annual inflation rate. In contrast, DOT's rapid price increase was driven by relatively low trading volume ($147 million) and fewer participants, but it benefits from stable or even negative inflation, resulting in lower short-term supply risk.