Ethena Pay launches on Avalanche with limited early access
Avalanche (AVAX)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Ethena has opened the beta of Ethena Pay, a self-custodial iOS money app running on Avalanche’s settlement rails. The launch introduces USDe stablecoin for everyday spending, starting with a limited early-access list of just 400 users. New participants will be added weekly as the app moves out of beta through September. This move signals an ambition to turn a trading-and-yield asset into something people actually swipe a card for.
How the market reacted
Whalio's own Binance spot order flow for AVAX, measured when this story was written up on 2 September 2026. Not the outlet's figures.
AVAX is trading at $7.22, with a 24-hour buy ratio of 54.0%, indicating that buyers are currently in control of the market flow. However, shorter-term pressure is shifting, as the 1-hour buy ratio dropped to 31.7% and the 4-hour ratio fell to 45.9%, suggesting that immediate buying momentum is fading compared to the daily average. The 24-hour volume delta stands at +$1,231,155, showing net accumulation over the day, while the 1-hour delta is -$98,183, reflecting recent selling pressure. This divergence means that while the day has been net positive for buyers, the most recent hour has seen more volume flowing out than in. The CVD for the 24-hour close is +$851,743, confirming that net buying has occurred over the majority of the session.
The latest daily buy ratio of 42.0% sits at the 3rd percentile of the last 281 days, against a median of 49.3% - among the weakest buying days it has had.
Twenty-four hours later
What AVAX did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for AVAX, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 46.6%, making today’s 54.0% reading an unusual spike of 7.5 points above the norm. Spot volume for the day was $15,039,236, which is 1.18x the weekly average, indicating heightened activity compared to the previous six days. Despite this increased volume and higher buy ratio, the price change over the eight-day period was -1.5%, and the 8-day volume delta total was -$6,549,330. This suggests that while today is an unusually active and buy-heavy day relative to the week's average, the broader weekly trend has still been characterized by net outflows and a slight price decline.