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Ethena

Ethena ENAPrice $ 0.661

Rank: 32

ENA Price

0.661
8.86%
Price Range
LowHigh
    $ 0.661$ 0.734

    General Info

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    # Token

    +12

    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

    $ 4.38B

    Fully diluted value

    FDV

    $ 9.92B

    ATH Market Cap

    $ 5.62B


    Vol. (24h) / MCap

    0.09

    Total Supply

    ENA 15,000,000,000

    Circulating Supply

    ENA 6.62B

    (44.1% of Total Supply)


    Next Unlock

    ENA 171.85M

    (1.15% of Total Supply)

    All Time High

    $ 1.52

    11 Apr 2024


    All Time Low

    $ 0.196

    6 Sep 2024


    From ATH

    56.3%

    From ATL

    237.8%
    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 $ 0.661, it has dropped -8.86% over the past 24 hours.

    Ethena's All Time High (ATH) of $ 1.52 was reached on 11 Apr 2024, and is currently -56.4% down.

    The current circulating supply of Ethena is 6.62 Billions tokens, and the maximum supply of ENA is unlimited.

    Ethena’s 24 hour trading volume is $ 413.98 Million.

    Ethena's current share of the entire cryptocurrency market is 0.11%, with a market capitalization of $ 4.38 Billions.

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