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Market Cap:$ 2 657.2B 1.32%
24h Volume:$ 87.7B 3.55%
BTC Dominance:BTC 58.88% 0.09%
ETH Dominance:11.61%
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Ethena (ENA) $ 0.15166378 2.53%

Ethena (ENA) to USD

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About Ethena

Ethena (ENA) is the native governance token of Ethena, a decentralized protocol that developed the USDe “synthetic dollar.” The project takes an innovative approach to maintaining stablecoin stability by using delta-neutral strategies and Ethereum-based reserves, reducing its reliance on the traditional banking system. ENA holders can participate in decisions concerning protocol development, risk management, and revenue allocation. The token is a key component of Ethena’s efforts to build a transparent and scalable DeFi platform capable of generating crypto-native yield.