Ethena launches Ethena Pay app on Avalanche, offering up to 6% yield and 10% cashback

Crypto Insight Summary: Ethena Labs has launched the beta of Ethena Pay, a new self-custodial money app built on Avalanche, across 48 countries. Crypto Insight Analysis: Direction: Bullish AVAX Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: App launch on Avalanche boosts ecosystem activity and user adoption.