↓ 0.12: 77%24h Vol: $202.24mo
Active prediction markets related to Ethena
↓ 0.12: 77%24h Vol: $202.24moEthena is a protocol on Ethereum focused on crypto-native dollar infrastructure. It is commonly known for USDe, a synthetic dollar mechanism designed to maintain dollar-denominated stability without relying only on traditional bank-held fiat rails.
Official resources:
Ethena was launched by a team with trading, derivatives, and crypto infrastructure backgrounds. The protocol gained adoption through DeFi integrations centered on USDe and its yield-bearing variant design.
Ethena is generally explained with three core components:
USDe is created with crypto collateral and offsetting derivatives positions to target a stable dollar value profile.
Users and integrators interact through mint/redeem mechanisms that support peg efficiency under normal market conditions.
The protocol includes a staked variant model that routes protocol yield dynamics to participants, subject to strategy and market conditions.
Important Ethena components include:
ENA is commonly used for:
Ethena is often differentiated by:
Compared with many stablecoin systems, Ethena is typically positioned around:
Common Ethena use cases include:
Ethena security depends on:
Key considerations include:
Ethena represents a major attempt to build a scalable crypto-native dollar framework that combines on-chain composability with market-neutral hedging mechanics.
ENA is listed on major centralized exchanges. Availability and pairs vary by jurisdiction.
ENA is commonly available on exchanges such as:
Common pairs include ENA/USDT and ENA/USD (availability varies).
After buying ENA, it can be stored:
You can inspect token activity via Etherscan.
You can compare ENA with related ecosystems on Coinrithm:
Track Ethena live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Ethena on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Ethena with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Ethena with real money.
Read the complete paper trading guideThe current price of Ethena is $0.1465 with a 4.34% change in the last 24 hours.
The daily trading volume is $113,819,089 representing a 47.96% change in the past 24 hours.
The market capitalization of Ethena is $1,439,469,257, ranking #55 globally.
The fully diluted valuation (FDV) of Ethena is $2,196,964,207, calculated assuming the maximum supply of 15,000,000,000 ENA is in circulation.
Circulating: 9,828,125,000. Total: 15,000,000,000. Max: 15,000,000,000.
In the last 24 hours, Ethena traded between a low of $0.1352 and a high of $0.159.
ENA/USDTTether USDT0.1465 USDT
CME Group has added three regional U.S. dollar reference rates and real-time indices for Ethena’s ENA token, with daily publication beginning Aug. 24. CME Group adds ENA rates for three market closes CME Group said it had added Ethena (ENA)…
Ethena surged 50.4% to $0.1323. The protocol earns $3.58 million a day, putting ENA near 1.1x annualized revenue. The catch is where that revenue comes from.
ENA is rallying on a $1 billion FalconX deal, while HYPE tests its record, though flat dominance shows this is no broad alt season.
Ethena price extended its weekly gain to about 65% on Aug. 21, reaching $0.142 after a $1 billion lending deal with FalconX and bullish calls from Arthur Hayes fueled demand for ENA. Ethena price action today According to data from…
Ethena and FalconX set up a $1 billion secured lending facility to put USDe backing assets into institutional credit.
The $1 billion facility will deploy assets backing USDe into overcollateralized institutional loans, expanding Ethena’s sources of returns beyond crypto basis strategies.
