Ethena (ENA) Price Today, Live Chart, Market Cap & News
Ethena (ENA) is currently ranked #45 by market capitalization. On this page you can track its live price, view historical performance charts, explore market statistics, see where it’s traded, and read the latest related crypto news.
Ethena
Below are the top markets and trading pairs for ENA, sorted by 24h volume.
ENA$0.1724
+4.24% (24h)
Ethena to USD Chart
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Where to Buy Ethena (Markets)
| Exchange | Pair | Price | 24h Volume | Updated | Trade |
|---|---|---|---|---|---|
Bitget
|
ENA/USDT | $0.1724 | $3.66M | 2026-09-06 13:01 UTC | Open |
BYDFi
|
ENA/USDT | $0.1723 | $3.02M | 2026-09-06 13:01 UTC | Open |
BingX
|
ENA/USDT | $0.1719 | $2.94M | 2026-09-06 13:01 UTC | Open |
BTCTurk
|
ENA/TRY | $0.1716 | $2.44M | 2026-09-06 13:01 UTC | Open |
Bitunix
|
ENA/USDT | $0.1723 | $2.28M | 2026-09-06 13:01 UTC | Open |
OKX
|
ENA/USDC | $0.1722 | $2.23M | 2026-09-06 13:01 UTC | Open |
Bitvavo
|
ENA/EUR | $0.1723 | $2.10M | 2026-09-06 13:01 UTC | Open |
|
BTCTurk
|
ENA/USDT | $0.1720 | $1.75M | 2026-09-06 13:01 UTC | Open |
Kraken
|
ENA/EUR | $0.1728 | $1.28M | 2026-09-06 13:01 UTC | Open |
Coinone
|
ENA/KRW | $0.1744 | $1.16M | 2026-09-06 13:01 UTC | Open |
Bitrue
|
ENA/USDC | $0.1721 | $1.14M | 2026-09-06 13:01 UTC | Open |
Paribu
|
ENA/TRY | $0.1716 | $989.07K | 2026-09-06 13:01 UTC | Open |
Hotcoin
|
ENA/USDT | $0.1720 | $976.49K | 2026-09-06 13:01 UTC | — |
Binance
|
ENA/FDUSD | $0.1724 | $971.82K | 2026-09-06 13:01 UTC | Open |
WhiteBIT
|
ENA/USDC | $0.1717 | $951.51K | 2026-09-06 13:01 UTC | Open |
Bitstamp
|
ENA/USD | $0.1722 | $944.75K | 2026-09-06 13:01 UTC | Open |
DigiFinex
|
ENA/USDT | $0.1723 | $886.92K | 2026-09-06 13:01 UTC | Open |
CoinW
|
ENA/USDC | $0.1720 | $737.16K | 2026-09-06 13:01 UTC | Open |
|
WhiteBIT
|
ENA/TRY | $0.1719 | $702.72K | 2026-09-06 13:01 UTC | Open |
BTSE
|
ENA/USD | $0.1725 | $628.76K | 2026-09-06 13:01 UTC | Open |
Latest News About Ethena
Stats, Supply & Links
Rank
#45
Price
$0.1724
Change (1h)
-1.46%
Change (24h)
+4.24%
Change (7d)
+6.18%
Market Cap
$1.74B
24h Volume
$421.95M
Circulating Supply
7.42B ENA
Total Supply
7.42B ENA
Max Supply
15.00B ENA
All-Time High
$1.52
(On Apr 11, 2024)
Official Links & Resources
About Ethena
What is Ethena?
Ethena is a synthetic dollar protocol built on Ethereum that aims to create a crypto-native, yield-bearing stablecoin called USDe. Unlike traditional collateralized stablecoins, USDe achieves its peg through a delta-neutral derivatives strategy, offering users a scalable, decentralized dollar alternative with an embedded yield ("Internet Bond").
The Mechanism:
USDe is minted when users deposit staked Ethereum (stETH) as collateral. Ethena then shorts an equivalent amount of ETH perpetual futures on centralized exchanges to hedge the collateral's price volatility, creating a delta-neutral position. The yield for USDe holders is generated from two sources: the staking yield on the stETH collateral plus the funding rates paid by perpetual swap traders on the short positions.
Why It Matters:
Decentralized Stablecoin Innovation: It offers a censorship-resistant dollar alternative that is not reliant on traditional banking systems or fiat reserves.
Native Yield: USDe provides a built-in, attractive yield sourced directly from crypto-native markets (staking and derivatives), a feature most fiat-backed stablecoins lack.
Scalability & Composability: As a synthetic asset on Ethereum, USDe can be integrated into DeFi protocols for lending, trading, and as a stable settlement layer, similar to USDC or DAI.
Ethena’s success depends on the robustness of its hedging strategy and its ability to scale while maintaining peg stability, representing a novel and higher-risk/reward model in the stablecoin landscape.
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