Ethena Pay Opens Access to 100 Waitlist Users a Day
Ethena Pay is admitting 100 users from its waitlist each day and reports onboarding more than 600 users last week. For someone waiting to use the Ethena Pay card, this gives a current intake pace rather than a personal access date.
At a constant 100 admissions a day, 1,000 admissions would take 10 days. That arithmetic is not a queue estimate: Ethena Pay has not supplied the number of people ahead of an applicant or a guarantee of first-in-first-out processing. A daily intake number alone cannot establish when a particular person will be approved.
Paymentscan separately tracks card spending on Avalanche. Its September 2026 data shows $1.588M in spending, 17,387 transactions and 673 active addresses; the tracker also reports additional spenders every week since July. Addresses are the tracking unit, not a verified count of distinct people. The more than 600 newly onboarded users and 673 September active addresses also cover different periods, so dividing them would not produce a valid activation rate.
Existing users can evaluate actual card spending and tier access, while applicants should check whether their account has received access before planning payments around it. Neither the intake pace nor the activity figures change residence eligibility or establish that every admitted account has the same card features.
Sources: Ethena Pay intake update, Paymentscan spending data, Weekly spender trend.
