ENA +32.43% in 24 Hours Amid Strategic Partnerships and Governance Reforms

On AUG 17 2025, ENA rose by 32.43% within 24 hours to reach $0.7093, ENA dropped by 1214.81% within 7 days, rose by 2495.17% within 1 month, and dropped by 2174.2% within 1 year.

Strategic Partnerships Drive Short-Term Rally

ENA’s recent 24-hour price surge of 32.43% came following the announcement of a multi-faceted partnership with leading blockchain infrastructure provider ChainLabs. The agreement outlines a collaborative effort to integrate ENA into ChainLabs’ decentralized application (dApp) development suite, expanding ENA’s utility across enterprise and developer ecosystems. The partnership is set to prioritize cross-chain interoperability, smart contract optimization, and enhanced transaction throughput for ENA-based applications.

The collaboration was presented as a key step in ENA’s broader roadmap to strengthen its role in both public and private blockchain environments. While no financial terms were disclosed, the partnership’s scope suggests an alignment with ENA’s vision to expand beyond a token and into a full-stack infrastructure solution.

Governance Model Overhaul Announced

In a related development, ENA announced a major overhaul of its on-chain governance model. The new framework introduces a tiered voting system designed to increase community participation while reducing the influence of large token holders. The updated governance model includes:

• A weighted voting mechanism based on token age and staking duration
• A minimum stake threshold to qualify for governance proposals
• A multi-signature council to oversee high-risk or controversial changes

The governance changes are expected to take effect following a 45-day community review and on-chain referendum. Developers and community representatives have been given exclusive access to a draft of the model, with the final document scheduled to be released publicly by mid-September.

Token Burn and Ecosystem Fund Allocation

ENA also disclosed a significant token burn event, with 12 million ENA tokens permanently removed from circulation. The burn follows a broader liquidity management strategy introduced earlier this year and aligns with the project’s ongoing commitment to reducing total supply. The tokens burned represent approximately 0.8% of the circulating supply and were sourced from the project’s treasury and developer rewards pool.

In parallel, ENA announced a $2 million allocation from its ecosystem fund to support third-party developers building on its network. The funds will be distributed through a grant program targeting interoperability tools, decentralized identity solutions, and cross-chain bridging protocols. Applications for the first round are due by September 1, 2025.

Analysts Project Gradual Price Stabilization

Analysts project that the recent governance and infrastructure updates could lead to a more stable price trajectory for ENA in the coming months, assuming the partnership initiatives gain traction. However, the extreme volatility seen in the 7-day and monthly periods suggests that market sentiment remains highly sensitive to macroeconomic and sector-specific events.