Ethena
Current price
$0.1849
−12.20%24h
LiveUpdated 38s ago
TodayEthena drops 12.2%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.11%
- 24 hours−12.20%
- 7 days−15.76%
- 30 days+30.93%
- 1 year−56.14%
Ethena's move in context
Lagging the market today
−12.20% today against −3.26% for the market as a whole, a gap of 8.9 points. A gap this wide suggests something specific to Ethena may be moving it, not just the market mood.
Trend has turned
−15.8% over 7 days and +30.9% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Ethena
Ethena (ENA) Overview
Ethena is a cryptocurrency project with the symbol ENA, built on the Ethereum blockchain. It operates as a synthetic dollar protocol designed to provide a crypto-native financial solution that operates independently of traditional banking infrastructure. The core offering of Ethena is USDe, a synthetic dollar often referred to as the "Internet Bond," which serves as a dollar-denominated savings instrument within the decentralized finance (DeFi) ecosystem.
Technology and Mechanism
Ethena leverages Ethereum's blockchain to create USDe, a stablecoin-like asset that aims to maintain a peg to the US dollar through algorithmic mechanisms and collateral backing. The protocol is designed to offer stability and usability for users seeking a reliable medium of exchange or store of value in the cryptocurrency space. Specific technical details about the collateralization process or exact stabilization mechanisms are based on publicly available design principles of synthetic assets, though intricate implementation details may not be fully disclosed in public documentation.
Use Cases
USDe, the synthetic dollar of Ethena, is primarily positioned as a savings instrument within DeFi. It aims to provide users with a stable, dollar-denominated asset that can be used for transactions, savings, or as a hedge against volatility in other cryptocurrencies. By integrating with Ethereum-based DeFi protocols, USDe enables users to participate in lending, borrowing, and other financial activities without reliance on traditional financial systems.
Ecosystem and Background
Ethena operates within the broader Ethereum ecosystem, benefiting from the network's security, scalability, and extensive DeFi infrastructure. The project aligns with the growing trend of decentralized financial solutions that seek to replicate or replace traditional financial instruments using blockchain technology. While the exact founding team and launch date may vary in public records, Ethena is recognized as part of the wave of innovative protocols emerging in the DeFi sector on Ethereum.
Additional Notes
Due to the evolving nature of cryptocurrency projects, certain specifics about Ethena, such as governance structures, partnerships, or future roadmap details, may not be fully available or verified in public sources at this time. Users and researchers are encouraged to consult official Ethena resources or trusted blockchain data platforms for the most current and detailed information.
Ethena market
- Position by market cap among the coins we track.
- #51
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $1.22B
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.1831High $0.2117
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.8720
- Now 21% of itReached 9 Sept 2025 · Needs +372% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 6.62B ENA
- 44% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 15B ENA
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 15B ENA
- The most coins that can ever exist. Some coins have no limit.
Ethena converter
1 Ethena = $0.1849
