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Ethena ENA Price $ 0.464
Rank: 93
ENA Price
General Info
Contracts/Explorers:
Ethereum
Funds and Backers
Ethena (ENA) Chart
ENA to USD Converter
ENA
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 $ 0.464, it has increased +8.32% over the past 24 hours.
Ethena's All Time High (ATH) of $ 1.52 was reached on 11 Apr 2024, and is currently -69.4% down.
The current circulating supply of Ethena is 1.71 Billion tokens, and the maximum supply of ENA is unlimited.
Ethena’s 24 hour trading volume is $ 58.34 Million.
Ethena's current share of the entire cryptocurrency market is 0.03%, with a market capitalization of $ 794.13 Million.
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