Ethena
ENARank #77
- Project AgeUnknown
- Dev ActivityNo public repo
- Trading Volume$77.0M/day
- Exchange Quality190 markets · 7.2/10 avg
- Community17K across social platforms
- Market Liquidity8.7% vol/MC
- Market Cap$883.7M
No news in this range
Real-time Order Book
Aggregated live depth across all major exchanges. Coming soon.
On-chain holder distribution for ENA is not available yet. Only the networks it lives on are shown below.
Swellchain
Mode
Zircuit
Scroll
Blast
Fraxtal
Kava
TON
Optimism
Mantle
Avalanche
Base
Ethereum
Manta Pacific
Arbitrum OneOnchain Snapshot
Live fees, gas, issuance and network throughput sampled directly from chain data.
Scam risk assessment
This score is generated automatically from on-chain and market data signals. It is for informational purposes only and should not be treated as investment advice.
Markets114 pairs across 114 exchanges
| # | Pair | Type | Price | +2% Depth | −2% Depth | Vol % | Updated | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | ENA/USDT | Spot | $0.09 | 0.02% | $418.5K | $567.7K | 53.3K | 32.6% | 10 | 23m | |
| 2 | ENA/USDT | Spot | $0.09 | 0.02% | $449.3K | $516.7K | 11.0K | 6.7% | 10 | 23m | |
| 3 | ENA/USDT | Spot | $0.09 | — | $204.1K | $237.3K | 10.4K | 6.3% | 10 | 23m | |
| 4 | ENA/USDT | Spot | $0.09 | — | $188.4K | $421.9K | 8.9K | 5.5% | 10 | 23m | |
| 5 | ENA/USDT | Spot | $0.09 | 0.02% | $202.7K | $175.5K | 5.4K | 3.3% | 10 | 23m | |
| 6 | ENA/USDT | Spot | $0.09 | 0.02% | $248.6K | $557.5K | 5.0K | 3.1% | 10 | 23m | |
| 7 | ENA/USDT | Spot | $0.09 | 0.02% | $473.9K | $593.0K | 14.8K | 9.0% | 9 | 23m | |
| 8 | ENA/USDT | Spot | $0.09 | — | $282.9K | $311.7K | 14.6K | 8.9% | 9 | 23m | |
| 9 | ENA/USDT | Spot | $0.09 | 0.02% | $136.8K | $136.4K | 11.3K | 6.9% | 9 | 23m | |
| 10 | ENA/USDT | Spot | $0.09 | — | $531.5K | $726.5K | 8.6K | 5.3% | 9 | 23m | |
| 11 | ENA/USDT | Spot | $0.09 | 0.01% | $94.8K | $92.8K | 8.3K | 5.1% | 9 | 23m | |
| 12 | ENA/USDT | Spot | $0.09 | — | $321.5K | $311.2K | 4.7K | 2.8% | 9 | 23m | |
| 13 |  | ENA/USDT | Spot | $0.09 | 0.02% | $281.4K | $461.7K | 3.0K | 1.8% | 9 | 23m |
| 14 | ENA/USDT | Spot | $0.09 | 0.02% | $293.2K | $413.0K | 2.3K | 1.4% | 9 | 23m | |
| 15 | ENA/USDT | Spot | $0.09 | 0.00% | $104.2K | $83.1K | 2.0K | 1.2% | 9 | 23m |
Developer Activity
Commit heatmaps, contributor breakdowns and repo health — tracked across every linked GitHub repository.
News mentioning this coin1004
Ethena whale stakes 60M tokens: Can shrinking supply revive ENA?
ambcrypto.com4 min read
$7.5 billion raised, $1,306 in daily revenue: The graveyard of ghost blockchains
journalducoin.com4 min read
ARK warns that closures in the crypto sector will increase: Cathie Wood's stock purchases explain why
es.beincrypto.com4 min readCrypto Consolidation: 3 Protocols Grab 80% of Revenue While the Rest of the Sector StrugglesCrypto Consolidation: 3 Protocols Grab 80% of Revenue While the Rest of the Sector Struggles
Ethena (ENA) plummets 5.84% and puts its crucial support at risk
Ethena generates over $750M in rewards since launch, but supply tells a different storyTop 3 altcoins to watch in the last week of July 2026
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Coinbase WalletMobileWhat isEthena
OverviewThis is a project that creates the synthetic dollar USDe and the staking token sUSDe. The ENA token is designed for protocol governance, including voting on collateral parameters and fees. The developers position USDe as a "delta-neutral" stablecoin backed by collateral positions, independent of traditional banking reserves.
The Ethena (ENA) protocol was launched in response to the need for a decentralized stablecoin that can scale without centralized control. Unlike DAI, USDe uses hedging of positions on spot and futures markets to maintain its peg. The governance token grants holders the right to change protocol parameters and distribute staking income.
As of Aug 3, 2026, data on market capitalization, trading volumes, and exchange listings are limited to available sources. The protocol has attracted attention due to the "sUSDe token staking" mechanism, which generates income from protocol fees.
Features of Ethena
Tokenomics
The ENA token does not have a fixed maximum supply; issuance is regulated by protocol governance mechanisms. Part of the issuance is directed to reward sUSDe stakers, and part goes to the protocol treasury for further development. Distribution among early investors and the team occurred through private rounds, with exact shares not disclosed in public data.
Security of ENA
Descriptions of audits and security incidents are absent from the provided notes. If additional data becomes available, this section will be updated.
Which Exchanges Trade It
List of trading platforms at the time of writing the article:
CEX exchanges: Binance, Gate, OKX, Coinbase Exchange, Kraken.
Data on historical highs and lows are not provided in the source materials.
Listings on Aggregators
The project's position in rankings by market capitalization:
- CoinGecko rank: 77
- CoinMarketCap rank: 59
- Finkonkurs rank: 73
Investors and Funds
Information on funding rounds and specific investors is not disclosed in the reviewed documents.
Key Partnerships and Ecosystem
Details on partnerships and integrations are absent from the available notes.
Potential
The unique delta-neutral stablecoin model may attract users seeking an alternative to centralized USDT and USDC. However, the mechanism's effectiveness directly depends on futures market liquidity and the volatility of collateral assets.
Risks [Identified by Finkonkurs AI Analytics System]
Key risks of the project are related to insufficient information about the team, unknown audit volume, and lack of transparency in tokenomics. Regulatory risks and lawsuits have not been recorded as of the time of writing.
Related Individuals
At the time of writing, information about the founders and key team members of Ethena was not available in the provided sources. Additional information may emerge as the project develops.
Contests, Activities, and Hackathons on Our Platform
- Ethena
- Ethena (Apr 4, 2024)
WhitePaper
The whitepaper describes the concept of the synthetic dollar USDe, hedging mechanisms, and the governance protocol. Link: not publicly available.
FAQ
What is the current price of Ethena?
As of Aug 3, 2026, the token price is $0.08772. Over the last 24 hours, the change was +7.00%, over 7 days -1.60%, and over 30 days +10.80%.
What is the market cap of Ethena?
As of today (Aug 3, 2026), the market cap of the Ethena (ENA) token is $838.69M.
What is the daily trading volume of Ethena?
The daily trading volume of the token is $158.99M. This metric reflects liquidity and trader activity in the market.
What are the all-time high and low prices of ENA?
The all-time high price of ENA is $1.52, reached on Apr 11, 2024. The all-time low was recorded at $0.070228 (Jun 30, 2026).
What do people think and say about the project? (Sentiment)
The community and the market generally view the project with cautious optimism. Discussions on social media and forums focus on its innovative approach to decentralized finance, although some investors express concerns about volatility and regulatory compliance. The token's reputation remains stable, with no major scandals.
Where and how to buy ENA?
How is Ethena different from other tokens?
The project stands out with its unique synthetic dollar model backed by ether staking, which allows generating yield without traditional intermediaries. Unlike many stablecoins, Ethena is not tied to fiat reserves but uses a delta-neutral strategy to minimize risks.
What similar tokens are on the market?
Among the analogues are Maker (MKR) and Frax (FRAX), which also work with decentralized stablecoins and algorithmic mechanisms. However, Ethena differs with a simpler structure and a focus on yield from ether staking.
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