Ethena ENA

Cryptocurrency · Other · Not Mineable · launched in 2024

№35of 40 004

$0.1518
Price −8.5%: $2.6 billion
Capitalization: $473.1 million
Volume over 24 hours: 0.1%
Dominance

About the coin

Circulating supply: 13.41 billion ENA
Total supply: 15 billion ENA
Maximum supply: 15 billion ENA
Fully diluted capitalization: $2.91 billion
24h high: $0.1692
24h low: $0.1476

Ethena (ENA) is a native governance token of a decentralized finance protocol built on the Ethereum blockchain. The ecosystem's primary goal is to support USDE, an innovative "synthetic dollar" that operates independently from traditional fiat banking reserves. Instead, price stability is maintained through a unique delta-neutral hedging strategy. The platform opens short futures positions against investor collateral in crypto assets (BTC and ETH). The ENA token, launched in 2024, is used for decentralized on-chain voting in the DAO, staking (sENA), and managing risk parameters.

Additional information

Project website Whitepaper Block explorer

Coins issued 13.41 billion of 15 billion ENA

89.37% of the maximum supply 1.59 billion ENA left to mine

Calculator

Calculate the cost of the amount of ENA you need at the current rate.

Amount of ENA

In dollars —

In sums —

Reference rate: 1 ENA = $0.1518, $1 = 11 903.15 sum.

AI assistant

Ask a question about this coin

Hello! I am the MONIQ assistant. I can help with bonds, stocks, deposits, banks and brokers: rates, yields, quotes and taxes.

What would you like to know?

Similar coins

All cryptocurrencies

FAQ

Didn't find the answer? Contact support — we'll respond within a day.

Typical stablecoins are backed by fiat money in commercial bank accounts. USDe maintains a 1:1 peg to the dollar through delta-neutral hedging: the protocol accepts cryptocurrency (BTC, ETH) as collateral and simultaneously opens an equivalent short position (futures sale) on exchanges, fully offsetting price fluctuations.
The main function of ENA is participation in decentralized governance (DAO). Holders can vote on adding new collateral crypto assets, integrating with new blockchain networks, and distributing fund revenues. Tokens can also be staked, converting to sENA to receive increased rewards and ecosystem bonuses.
Returns are generated from two independent Web3 sources: first, interest accruals from basic liquid staking (e.g., holding Lido stETH coins), and second, funding rate payments from derivative exchanges for maintaining short futures positions.

Legal status of crypto assets in Uzbekistan

This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.

Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.

The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at napp.uz.