Ethena
ENA#34| 1h | 24h | 7d | 30d | 1y |
|---|---|---|---|---|
| +0.51% | -4.53% | -13.30% | +37.47% | -58.42% |
About Ethena
ENA in other currencies
Price at the last page update. Open a currency for the live rate, chart and history in that currency.
Where to buy Ethena — ENA markets
| Exchange | Pair | Price | Volume (24h) | Trust |
|---|---|---|---|---|
| Binance | ENA/USDT | $0.234861 | $27.04M | green |
| Bybit | ENA/USDT | $0.234721 | $25.08M | green |
| MEXC | ENA/USDT | $0.234791 | $20.73M | green |
| WhiteBIT | ENA/USDT | $0.234861 | $11.9M | green |
| BYDFi | ENA/USDT | $0.234711 | $10.2M | green |
| Gate | ENA/USDT | $0.234791 | $9.78M | green |
| CoinW | ENA/USDT | $0.234761 | $7.62M | green |
| Zoomex | ENA/USDT | $0.234721 | $7.52M | green |
| BloFin | ENA/USDT | $0.234361 | $7.28M | green |
| Toobit | ENA/USDT | $0.234761 | $6.8M | green |
| KuCoin | ENA/USDT | $0.234761 | $6.65M | green |
| OKX | ENA/USDT | $0.234761 | $6.31M | green |
| WEEX | ENA/USDT | $0.234861 | $6.29M | green |
| XT.COM | ENA/USDT | $0.234861 | $5.37M | green |
| LBank | ENA/USDT | $0.234761 | $4.87M | green |
| Coinbase Exchange | ENA/USD | $0.234789 | $4M | green |
| Ourbit | ENA/USDT | $0.234811 | $3.21M | green |
| Hibt | ENA/USDT | $0.234861 | $3.04M | green |
| Bitget | ENA/USDT | $0.234661 | $2.78M | green |
| Kraken | ENA/USD | $0.235039 | $2.58M | green |
Ethena Price History
Ethena (ENA) reached its all-time high of $1.52 on April 11, 2024, and trades 85.1% below that peak today. Its all-time low was $0.070228 on June 30, 2026, and the price has since risen 223% from that low.
| Year | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| 2026(YTD) | $0.199637 | $0.288975 | $0.071214 | $0.226751 | +13.58% |
| 2025 | $0.907677 | $1.255 | $0.1973 | $0.203482 | -77.58% |
| 2024 | $1.134 | $1.461 | $0.204528 | $0.951782 | -16.07% |
Ethena News
Can This Surging Altcoin Hit a Price of $1 in 2027? The Answer Will Surprise You. - AOL.com
Can This Surging Altcoin Hit a Price of $1 in 2027? The Answer Will Surprise You. AOL.com
Can This Surging Altcoin Hit a Price of $1 in 2027? The Answer Will Surprise You. - Yahoo Finance
Can This Surging Altcoin Hit a Price of $1 in 2027? The Answer Will Surprise You. Yahoo Finance
What Is ether.fi USD? How Ethena Powers ether.fi’s New Branded Stablecoin - CCN.com
What Is ether.fi USD? How Ethena Powers ether.fi’s New Branded Stablecoin CCN.com
3 Token Unlocks to Watch in the First Week of October 2026 - BeInCrypto
3 Token Unlocks to Watch in the First Week of October 2026 BeInCrypto
Ether fi joins the stablecoin rush: why every crypto platform wants its own dollar - investingLive
Ether fi joins the stablecoin rush: why every crypto platform wants its own dollar investingLive
Ethena Expands Ecosystem Growth As ENA Price Setup Gains Attention - TronWeekly
Ethena Expands Ecosystem Growth As ENA Price Setup Gains Attention TronWeekly
Kalshi expands into stock market derivatives with US 500 perpetual - Crypto Briefing
Kalshi expands into stock market derivatives with US 500 perpetual Crypto Briefing
Cryptocurrencies price prediction: XRP, Ethena & Cryptos – American Wrap 06 October - FXStreet
Cryptocurrencies price prediction: XRP, Ethena & Cryptos – American Wrap 06 October FXStreet
Ether.fi taps Ethena to launch its own US dollar stablecoin - Crypto Briefing
Ether.fi taps Ethena to launch its own US dollar stablecoin Crypto Briefing
Why is Ethena falling despite Ether.Fi USD stablecoin launch? - FXStreet
Why is Ethena falling despite Ether.Fi USD stablecoin launch? FXStreet
Ethena FAQ
What is Ethena (ENA)?
Ethena (ENA) is a synthetic dollar protocol built on Ethereum. It issues USDe, a stablecoin designed to maintain a 1:1 peg to the US dollar. The protocol uses a delta-hedging strategy with ETH and other assets to back USDe, aiming to provide a scalable and censorship-resistant alternative to traditional stablecoins. ENA is the governance and utility token of the protocol.
How does Ethena work?
Ethena (ENA) operates by accepting collateral such as ETH and shorting it via perpetual futures to create a delta-neutral position. This hedges against price volatility, allowing the protocol to mint USDe stablecoins. The system aims to generate yield from funding rates and staking rewards, which supports the stability of USDe. ENA holders participate in governance decisions regarding the protocol's parameters and risk management.
What is the ENA token used for?
ENA is the native token of the Ethena protocol. It is used for governance, allowing holders to vote on proposals that shape the protocol's development, such as risk parameters and collateral strategies. Additionally, ENA may be used to incentivize liquidity providers and participate in staking mechanisms within the ecosystem. Its role is central to the decentralized management of the Ethena platform.
How does Ethena differ from other stablecoin protocols?
Unlike traditional stablecoins like USDC or USDT, which rely on fiat reserves, Ethena (ENA) uses a fully on-chain, delta-hedged approach. It holds ETH and short positions to neutralize market risk, aiming for a decentralized and transparent stablecoin. This design seeks to avoid counterparty risk and provide a scalable solution that can operate without centralized custody, distinguishing it from many existing stablecoin models.
What is the current price of Ethena?
Ethena is currently priced at $0.2268, down 4.53% in the last 24 hours. It is ranked #34 by market capitalization. Over the past 7 days, ENA is down 13.30%.
What is Ethena's market cap?
Ethena has a market capitalization of $3.04B. The 24-hour trading volume is $485.22M, reflecting the total value of ENA traded across all exchanges in the last day.
How many Ethena coins are in circulation?
There are currently 13.41B ENA in circulation. Ethena has a maximum supply of 15.00B ENA, meaning no more than this amount will ever exist.
