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Ethena ENA Price $ 0.702
Rank: 92
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DeFi
ENA Price
General Info
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Ethereum
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Description
Ethena provides derivative infrastructure in order to transform Ethereum into the first crypto-native yield bearing stablecoin.
Ethena (ENA) Chart
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What is Ethena (ENA)?
Ethena is building derivative infrastructure to enable Ethereum to transform into the Global Internet Bond via delta-neutral positions on stETH, to create the first crypto-native, yield bearing stablecoin: USDE.
Ethena enables users to deposit either USD, Ethereum or liquid staking tokens as collateral to create USDe. Stability is ensured through delta-neutral hedging process across centralized and decentralized exchanges.
Collateral is distributed to secure onchain custodial wallets, and a corresponding short position is taken for delta-neutral collateralization.
USDe is the first decentralized, scalable, and stable asset with returns derived from the economic activity of Ethereum and futures markets.
Ethena Price Today
Ethena's current price is $ 0.702, it has dropped -6.74% over the past 24 hours.
Ethena's All Time High (ATH) of $ 1.52 was reached on 11 Apr 2024, and is currently -53.7% down.
The current circulating supply of Ethena is 1.43 Billion tokens, and the maximum supply of Ethena is 15.00 Billions.
Ethena’s 24 hour trading volume is $ 89.95 Million.
Ethena's current share of the entire cryptocurrency market is 0.04%, with a market capitalization of $ 1.00 Billion.
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