Current ENA Market Overview
The live Ethena (ENA) price is $0.2606**, with a 24-hour trading volume of **$1.84M. Recent performance shows:
- 24h Change: +0.34%
- 7d Change: -2.39%
- Market Cap: $1.58B (#34 rank)
- Circulating Supply: 6.09B ENA (Max Supply: 15B)
Price Ranges
| Period | Price Change | Percentage Change |
|---|---|---|
| 24 Hours | +$0.0006 | +0.23% |
| 7 Days | -$0.0063 | -2.32% |
| 30 Days | -$0.0452 | -14.74% |
| 90 Days | -$0.0553 | -17.47% |
👉 Track ENA's real-time price movements
ENA Ecosystem Essentials
- Official Website: ethena.fi
- Documentation: ethena-labs.gitbook.io
- Blockchain: Ethereum (Contract: 0x57e114...061)
- Explorers: Etherscan, Nansen
Global Price Conversions
1 ENA equals:
- €0.2213 (EUR)
- ₩354.22 (KRW)
- ¥37.49 (JPY)
- ₨22.33 (INR)
- Rp4,234.49 (IDR)
Why Invest in Ethena (ENA)?
1. Innovative DeFi Solutions
Ethena pioneers synthetic dollar (USDe) technology using Ethereum staking derivatives, offering novel yield opportunities.
2. Governance Participation
ENA holders vote on protocol upgrades and treasury allocations, fostering decentralized decision-making.
3. Yield Generation
The protocol's "Internet Bond" mechanism combines staking rewards with derivatives trading yields.
4. Strategic Backing
Supported by prominent crypto VCs, Ethena benefits from strong industry connections and funding.
👉 Discover advanced DeFi strategies
ENA Price Prediction Factors
While precise predictions are unreliable, these elements influence ENA's valuation:
- Adoption Rate: USDe integration across DeFi platforms
- Market Cycles: Bitcoin halving impacts on altcoins
- Protocol Upgrades: EIP-4844 implementation effects
- Staking Demand: sUSDe adoption growth
- Exchange Listings: New trading pair announcements
Earning with Ethena Protocol
- USDe Staking: Convert ETH to USDe and stake for sUSDe
- Liquidity Provision: Participate in USDe-ETH pools
- Governance Mining: Earn rewards for protocol participation
| Earning Method | APY Estimate | Risk Level |
|---|---|---|
| USDe Staking | 5-12% | Medium |
| LP Farming | 15-25% | High |
Historical Price Data
- All-Time High: $1.51 (82.82% below current)
- All-Time Low: $0.1952 (33.46% above current)
Storage Options
- KuCoin Custodial Wallet
- MetaMask/Trust Wallet
- Ledger/Trezor Hardware Wallets
Conversion to Fiat
- Sell ENA for USDT on spot markets
- Exchange USDT via P2P services
- Use supported crypto-fiat pairs (where available)
Frequently Asked Questions
What drives ENA's price volatility?
Price fluctuations stem from:
- DeFi sector trends
- Stablecoin adoption rates
- Ethereum network upgrades
- Derivatives market conditions
How does Ethena generate yield?
Through:
- ETH staking rewards
- Perpetual swap funding rates
- Delta-neutral hedging strategies
Is ENA a good long-term hold?
Potential depends on:
- USDe's adoption as synthetic dollar
- Protocol's ability to maintain competitive yields
- Ethereum's scalability solutions
Where can I track ENA's metrics?
Use:
- DeFiLlama for TVL
- Dune Analytics for protocol stats
- CoinMarketCap for price history
What's Ethena's competitive advantage?
Unique value propositions:
- Combines staking and derivatives
- Non-custodial design
- Transparent reserve auditing