Ethereum Ecosystem

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.<h2>Key Features of Ethena</h2><ul><li>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.</li><li>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.</li><li>Governance: The protocol is governed by its community through a decentralized autonomous organization (DAO), with its native token, ENA, used for governance decisions.</li></ul>

Launchpool Page On Bitget

Launchpool Page On Gate

Foundation

Investors

Core Contributors

Ecosystem Incentives

June 9, 2026 Janus Henderson acquired a stake in ENA.&nbsp;

Ethena

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

Arbitrum Ecosystem

Avalanche Ecosystem

Base Ecosystem

Berachain Ecosystem

Blast Ecosystem

BNB Chain Ecosystem

Hyperliquid Ecosystem

Ink Ecosystem

LayerZero Ecosystem

Mantle Ecosystem

Plasma Ecosystem

Solana Ecosystem

TON Ecosystem

Zircuit Ecosystem

CryptoRank Premium

Add New {name} Alert

Moves above

Moves below

Coin tracking

ATH Reached

change abs

change %

Price Range

Unusual volume

Please connect your account to our Telegram bot to receive notifications

New price alert added

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

You need to click on the button below and start the opened bot

Choose a convenient way to connect your EVM wallet.

Privacy & Terms Agreement

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Join and earn by referring new subscribers!

Explore blockchain platforms: ecosystem projects, TVL, and other key metrics

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

IDO/ICO analytics: post-listing ROI and launchpad comparisons.

Track project announcements and campaigns. Spot early opportunities so you don’t miss airdrops and rewards.

Exchanges overview: volumes, listings, market share.

Track rounds, stages, and amounts. See investors and fund portfolios.

Monitor DeFi & NFT, positions and P&L. Popular chains and a mobile app supported.

Lite gives core tools ad-free. Premium adds advanced analytics, full tables, and exclusives.

TGE calendar and vesting flow. Analyze unlock volumes and percentages to gauge supply pressure and plan your moves.

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Payments are processed by Heleket. Use only the supported chains/tokens. CryptoRank cannot compensate for failed transactions made on an unsupported blockchain.

Advanced Tools and Ad-Free Experience for In-Depth Analysis

Payments are processed by Paddle. Use only the supported payment methods. CryptoRank cannot compensate for failed or incomplete transactions made outside of supported options.

Receive Comprehensive Analytics, Exclusive Research, and Guides

Payment confirmed

Add promocode

Total Due:

Improves token ranking and increases exposure.

Visibility Boost

Accelerates momentum and helps stay in trending.

Trending Score Growth

Boost Benefits

Boost visibility, raise the Trending Score, and unlock the Premium Ticker for {symbol}!

Purchasing a Boost does not guarantee a specific ranking or position. CryptoRank makes no representations or guarantees regarding the impact of Boost on asset visibility. All purchases are final and non-refundable.

Want to learn more about Boost? <link>Check out the guide!</link>

Give {name} a {boost}

Share Chart Screen

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

By accessing and using our Site, you confirm that you are at least 18 years old or the legal age of majority in your jurisdiction. Please also ensure you have read and agree to our Terms of Use and Privacy Policy & Cookies Statement

Comprehensive analysis of %coinname% price dynamics, quarterly returns, and annual trends in dollars. Our detailed research unveils dynamic interconnections between %coinname% and the US dollar, providing valuable insights based on current data.

%coinname% Analytics: Price Dynamics, Quarterly Returns, and Annual Price Changes in USD

Period	Change	Change (%)	High	Low
24H	-$ 0.00003285	-0.04%	$ 0.09337	$ 0.08983
7D	$ 0.01397	+17.9%	$ 0.09365	$ 0.07726
14D	$ 0.00189	+2.10%	$ 0.09365	$ 0.07717
30D	$ 0.01432	+18.4%	$ 0.09365	$ 0.07257
3M	-$ 0.01908	-17.2%	$ 0.1392	$ 0.07034
6M	-$ 0.02205	-19.3%	$ 0.1392	$ 0.07034
YTD	-$ 0.1077	-53.9%	$ 0.2621	$ 0.07034
1Y	-$ 0.4895	-84.2%	$ 0.8627	$ 0.07034
3Y	-$ 0.452	-83.1%	$ 1.51	$ 0.07034

EthenaENA

Ethena Analytics

Ethena Closing Price (USD) - Quarterly

ethena Monthly Returns (USD)

ENA - USD Price Change

Ethena Annual Price (USD) Change