Ethena Price ENA
Rank #45Ethena Price Chart
Ethena Market Statistics
Ethena Price Performance
| Period | 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|---|
| Change | — | +0.48% | -11.86% | — | — | — |
About Ethena
Ethena (ENA) is a cryptocurrency ranked #45 by market capitalization, currently valued at $2.49B. It trades at $0.2403 with $305.70M in 24-hour volume.
How Ethena Works
Ethena (ENA) is a decentralized finance (DeFi) project focused on creating a synthetic US dollar (USDe) that aims to maintain a stable value relative to the US dollar without relying on traditional fiat-backed reserves.
The project utilizes a combination of derivatives and collateralized positions to maintain the peg of its synthetic US dollar. It employs delta hedging strategies and leverages crypto-native yield to support the stability of USDe.
What Moves the Ethena Price
The supply of ENA tokens and the adoption of USDe as a stablecoin alternative are key factors influencing the asset's price. The project's ability to maintain the peg of USDe is crucial for its success.
Market conditions in the broader cryptocurrency and DeFi space, such as interest in decentralized stablecoins and regulatory developments around stablecoin projects, can impact Ethena's growth and adoption.
The project's yield-generating mechanisms and the returns offered to users for participating in the ecosystem can also drive demand for ENA tokens.
Ethena Tokenomics & Supply
Ethena has a circulating supply of 10,362,500,000 ENA out of a maximum of 15,000,000,000 ENA, and a total supply of 15,000,000,000 ENA.
Where to Buy Ethena
You can buy Ethena (ENA) on major exchanges such as Binance, Coinbase, Kraken, Bybit and OKX. In Nigeria, ENA is also available via local exchanges and P2P — see our ENA in naira page. Always compare fees and use reputable platforms.
Ethena in Other Currencies
Ethena FAQ
What is the price of Ethena today?
As of Mon, 05 Oct 2026 07:00:03 UTC, Ethena (ENA) is trading at $0.2403, up 0.48% over the last 24 hours. Its market capitalization is $2.49B, ranking it #45 among all cryptocurrencies.
What is Ethena's market cap?
Ethena has a market capitalization of $2.49B (rank #45), calculated as its circulating supply of 10,362,500,000 ENA multiplied by the current price of $0.2403.
What is the all-time high of Ethena?
Ethena's all-time high is $1.52. At $0.2403 today, it is trading below that level.
How many ENA are there?
Ethena has a circulating supply of 10,362,500,000 ENA out of a maximum of 15,000,000,000 ENA, and a total supply of 15,000,000,000 ENA.
Will Ethena go up? Is it a good investment?
No one can reliably predict whether Ethena will rise or fall — anyone promising guaranteed ENA returns is not trustworthy. Ethena is an established asset, but all crypto is volatile. Research it yourself and only risk what you can afford to lose. This is not financial advice.
Where can I buy Ethena?
You can buy Ethena (ENA) on major exchanges such as Binance, Coinbase, Kraken, Bybit and OKX. In Nigeria, ENA is also available via local exchanges and P2P — see our ENA in naira page. Always compare fees and use reputable platforms.
What is the purpose of Ethena's synthetic US dollar (USDe)?
The purpose of USDe is to provide a decentralized alternative to traditional stablecoins by creating a synthetic asset that maintains a stable value relative to the US dollar without relying on fiat reserves.
How does Ethena maintain the peg of USDe?
Ethena maintains the peg of USDe through the use of derivatives and collateralized positions, employing delta hedging strategies and leveraging crypto-native yield to support the stability of the synthetic US dollar.
What are the risks associated with Ethena?
As with any DeFi project, risks include smart contract vulnerabilities, market volatility, and the potential for the synthetic asset to lose its peg. Users should conduct thorough research and understand these risks before participating.
Data from CoinGecko & Binance, source-stamped above. Information only — not financial advice. Crypto is volatile and high-risk.