Ethena
ENA
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Ethena price
in EUR€0.56661
-€0.0039164 (-0.69%)
EUR
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Market cap
€3.91B #25
Circulating supply
6.89B / 15B
All-time high
€0.61454
24h volume
€213.88M
About Ethena
Ethena’s price performance
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Ethena in the news
Ethena's proposed stablecoin promises to return 95% of revenue to Hyperliquid’s ecosystem.
Ethena has partnered with Binance to integrate its USDe stablecoin across Binance’s platform, which serves...
Listing the protocol's USDe token on major exchanges like Binance is a key requirement to enable a mechanism to share protocol revenues with token holders.
The yield earned on the reserve assets would cover the blockchain's sequencer fees, helping keeping the transaction costs low, MegaEth said.
MegaETH has launched its first native stablecoin, USDm, developed in partnership with Ethena, as a...
The funds will be used to acquire an expected 3 billion ENA, according to StablecoinX, a dedicated treasury vehicle for the stablecoin protocol.
Ethena on socials
Ethena is buying $10mm ENA a day via DAT, paying out basis yield to usde on Aave, has $100s of millions of annual ENA incentives via seasons.
There are venture investors unlocking, and yield funds selling down ENA + holding USDe. ENA must continue to find sources of demand to keep token price afloat, in order to keep the yield spread high enough for levered looping to be viable.
This will be partially done by having partner protocols issue token incentives on top of their token incentives as well. Simultaneously, the basis trade will need to expand to accommodate Ethena's OI growth, requiring price increases on majors.
It's a good flywheel, but it's inherently highly reflexive and will have to fight the law of large numbers as it continues to grow, or find significant organic demand at lower yields.
Felipe Montealegre
The amount of leverage that depends on USDe rate (incl. ENA incentives) > Aave USDT borrow rate + 2%
This is not the largest source of systemic risk (at all) but it’s large on an expected value basis because of how likely it is to matter at some point over the next twelve months
Guides
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Predict Ethena’s prices
How much will Ethena be worth over the next few years? Check out the community's thoughts and make your predictions.
View Ethena’s price history
Track your Ethena’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Ethena on OKX Learn
What is Ethena (ENA): is synthetic dollar USDe a DeFi revolution?
From decentralized exchanges exploring revenue sharing to Bitcoin Layer 2s establishing themselves as viable scaling solutions, the DeFi landscape is continuing to innovate and offer exciting alternat
ENA and USDT: Exploring Ethena's Dual-Token Strategy and USDe's Market Growth
Introduction to ENA and USDT in Ethena's Ecosystem Ethena, a rising innovator in the cryptocurrency space, has gained significant attention for its dual-token system, featuring the governance token EN
Ethena ($ENA): Key Insights, Whale Activity, and Price Forecast You Need to Know
Introduction to Ethena ($ENA) and Its Growing Influence in DeFi Ethena ($ENA) has rapidly emerged as a key player in the decentralized finance (DeFi) ecosystem, gaining traction for its innovative sol
Bull Market Insights: Ethena and Hyperliquid's Ecosystem Growth and Innovations
Introduction to Ethena and Hyperliquid in the Bull Market The cryptocurrency market is experiencing a bullish phase, with innovative projects like Ethena (ENA) and Hyperliquid (HYPE) leading the charg
Easily buy and sell Ethena with your BRL
Ethena FAQ
Currently, one Ethena is worth €0.56661. For answers and insight into Ethena's price action, you're in the right place. Explore the latest Ethena charts and trade responsibly with OKX.
Cryptocurrencies, such as Ethena, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Ethena have been created as well.
Check out our Ethena price prediction page to forecast future prices and determine your price targets.
Dive deeper into Ethena
ENA is the governance token of Ethena, a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
€3.91B #25
Circulating supply
6.89B / 15B
All-time high
€0.61454
24h volume
€213.88M