Arbitrum Ecosystem

Base Ecosystem

Berachain Ecosystem

Blast Ecosystem

BNB Chain Ecosystem

Ethena Ecosystem

Ethereum Ecosystem

Injective Ecosystem

Kava Ecosystem

LayerZero Ecosystem

Linea Ecosystem

Manta Ecosystem

Mantle Ecosystem

MegaETH Ecosystem

Metis Ecosystem

Mode Ecosystem

Plasma Ecosystem

Scroll Ecosystem

Solana Ecosystem

Story Ecosystem

TON Ecosystem

X Layer Ecosystem

Zircuit Ecosystem

zkSync 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.

Morningstar Ventures

Moonrock Capital

The Spartan Group

GBV Capital

Waterdrip Capital

Vendetta Capital

Ascensive Assets

Hypersphere Ventures

Blizzard Fund

Infinity Ventures Crypto (IVC)

Woodstock Fund

Figment Capital

Axia8 Ventures

CoinGecko Ventures

Nexo

Everclear (prev Connext)

Kosmos Ventures

Impossible

Nabais Capital

AVentures DAO

Subsquid

3 Chaps Capital

StakeBorg

Ganesh Swami

Erik Ashdown

Derek Yoo

Aurel Iancu

Delroy Bosco

Alex Smirnov

Batuhan Dasgin

Michael Chen

Etienne

Danish Chaudhry

Alchemy

VBT Yazilim

Republic Capital

CoinFund

Griffin Gaming Partners

Animoca Brands

Jump Crypto

Raptor Capital

Shima Capital

KuCoin Labs

Digital Strategies

HTX Ventures

Justin Kan

AlphaCrypto Capital

Dominance Ventures

Gamegroove Capital

VanEck

Coinbase Ventures

Delphi Ventures

Digital Currency Group (DCG)

Node Capital

Amplify Partners

Lightshift Capital

Liquid 2 Ventures

Collider Ventures

Lemniscap

Impatient Ventures

Zero Knowledge

Dispersion Capital

Token Bay Capital

Tykhe Block Ventures

Heroic Ventures

Cerulean Ventures

Earl Grey Capital

Trevor McFedries

Alice Lloyd George

Kindred Ventures

Jeff Staple

Haun Ventures

MassMutual Ventures

YZi Labs (Prev. Binance Labs)

Bybit

Global Founders Capital

Jump Capital

Moonvault Capital

Wintermute

K3 Ventures

Leadblock Partners

Coinhako

Bware Labs

Wodo Gaming

Legends of Elysium

GUNZ

Ika (ex. dWallet network)

Zora

Bitpanda

Pintu

The Brooker Group

Caladan

Portofino Technologies

Pulsar Trading

Fundamental Labs

CRC Capital

Berioza Associates

Venturra Capital

Do Kwon

Mirana Ventures

Lightspeed

Compound Labs

Guy Young

Matthew Tan

Jordi Alexander

Michael Ashby

Darius Sit

Richmond Teo

Treehouse

Protocol Labs

Flori Ventures

Good News Ventures

Talent Protocol

UXD Protocol

Ripple

Faction

FalconX

Anchorage Digital

Gate Ventures

Sigma Capital

Flowdesk

Selini Capital

P2 Ventures (Polygon Ventures)

Kaia

OpenEden

Planetarium

Merit Circle

Hashed

TON Ventures

Yield Guild Games (YGG)

Taisu Ventures

Jets Capital

Arche Fund

Everyrealm

Delabs Games

Are you sure you want to add all upcoming {coinSymbol} token unlocks for the "{roundName}" allocation to the Google Calendar?

Are you sure you want to add {limit} upcoming {coinSymbol} token unlocks for the "{roundName}" allocation to the Google Calendar?

Adding Events to Google Calendar

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

Dynamic unlocks based on a custom schedule from {startDate} to {endDate}

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?

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

Sign up to unlock full data

Unlock exclusive vesting data

Name	Total	Unlocked	Locked
Ecosystem Incentives	30%	22.1%	7.85%
Team & Shareholders	22.5%	5.50%	15.5%
Treasury	18%	5.50%	15.5%
Community Airdrop	12.8%	5.50%	15.5%

EthenaENA

Unlocking ENA Tokens

Total Distribution Progress

Allocation

Next Unlock Event

Vesting Schedule

Upcoming Token Unlocks