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Ethena

Ethena ENAPrice $ 0.363

Rank: 50

ENA Price

0.363
9.46%
Price Range
LowHigh
$ 0.327$ 0.366

General Info

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# Token

+11

Funds and Backers

Description

Ethena is a blockchain-based protocol on Ethereum designed to create a decentralized, crypto-native stablecoin called USDe.

Ethena (ENA) Chart

Ethena price Index provides the latest ENA price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

ENA to USD Converter

Ethena (ENA)ENA

ENA Price Statistics

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Market Cap

$ 2.02B

Fully diluted value

FDV

$ 5.45B

ATH Market Cap

$ 3.97B


Vol. (24h) / MCap

0.0868

Total Supply

ENA 15,000,000,000

Circulating Supply

ENA 5.55B

(37% of Total Supply)


Next Unlock

ENA 94.19M

(0.63% of Total Supply)

All Time High

$ 1.52

11 Apr 2024


All Time Low

$ 0.196

6 Sep 2024


From ATH

76%

From ATL

85.6%
Trending Ethena Fiat Pairs

What is Ethena (ENA)?

Ethena is a blockchain-based protocol on Ethereum designed to create a decentralized, crypto-native stablecoin called USDe. Unlike traditional stablecoins such as USDT or USDC, which rely on fiat reserves held in traditional banking systems, USDe is a synthetic dollar backed by cryptocurrency collateral and short futures positions. Ethena aims to provide a scalable, censorship-resistant, and globally accessible financial system that operates entirely within the crypto ecosystem.

Key Features of Ethena

  • USDe Stablecoin: Known as the "Internet Bond," USDe maintains price stability through a delta-neutral strategy. This involves using staked ETH (stETH) as collateral while simultaneously opening short positions of equivalent value on derivatives exchanges. This approach minimizes exposure to market volatility.

  • Decentralization: Ethena operates using smart contracts and price oracles, eliminating reliance on traditional financial infrastructure. However, some derivative positions are executed on centralized exchanges, introducing partial centralization risks.

  • Governance: The protocol is governed by its community through a decentralized autonomous organization (DAO), with its native token, ENA, used for governance decisions.

Ethena Price Today

Ethena's current price is $ 0.363, it has increased +9.46% over the past 24 hours.

Ethena's All Time High (ATH) of $ 1.52 was reached on 11 Apr 2024, and is currently -76.1% down.

The current circulating supply of Ethena is 5.55 Billions tokens, and the maximum supply of ENA is unlimited.

Ethena’s 24 hour trading volume is $ 172.72 Million.

Ethena's current share of the entire cryptocurrency market is 0.07%, with a market capitalization of $ 2.02 Billions.

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