PANews reported on October 1st that according to CoinDesk, MEXC Ventures, an investment arm of MEXC, has increased its total investment exposure in the Ethena ecosystem to $66 million. The latest investment includes a $30 million investment in Ethena's governance token, ENA.

The investment builds on MEXC Ventures’ purchase of $16 million in ENA and $20 million in USDe earlier this year. Data shows that the market capitalization of Ethena’s synthetic stablecoin, USDe, has grown from approximately $5.3 billion to $14.65 billion since the beginning of July.