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Ethena (ENA) price
#45Decentralized Finance (DeFi)About the project
ENA is the governance token of Ethena, the protocol behind the USDe synthetic dollar. Ethena launched in 2024; USDe is backed by crypto assets hedged with short futures.
ENA holders vote on protocol parameters such as accepted collateral and revenue distribution. Staked sENA gives access to ecosystem programs.
Ethena overview: price, liquidity and supply
Ethena (ENA) trades at $0.2397 and ranks #45 by market cap ($2.48B). Price action: +0.8% over 24 hours, −12.4% over the week, +46.0% over the month, a strong uptrend.
Daily trading volume is $297.2M, or 12.0% of market cap: healthy liquidity. The all-time high is $1.52 (2024-04-11); it has lost 84% of its value since then.
10,362,500,000 ENA are in circulation out of a maximum 15,000,000,000 (69.1%). Most of the supply is already circulating.
This summary updates with live market data.
Price chart
Tokenomics · distribution
Investors & rounds
≈ $182.5M raised
Dragonfly CapitalLeadTier 2
MaelstromLeadTier 3
Delphi Digital (Delphi Labs)Tier 1
YZi Labs (prev Binance Labs)Tier 1
Lightspeed Venture PartnersTier 1
CobieTier 1
Brevan HowardTier 1
Polychain CapitalTier 1
Pantera CapitalTier 1
Strobe (Prev. BlockTower Capital)Tier 2
OKX VenturesTier 2
CMT DigitalTier 2
HTX Ventures (previously Huobi Ventures)Tier 2
WintermuteTier 2
HashedTier 2
GalaxyTier 2
Stani KulechovTier 2
Amber GroupTier 2
Coinbase VenturesTier 2
NascentTier 3
DCF GODTier 3
Mirana VenturesTier 3
Franklin TempletonTier 3
BybitTier 3| Round | Date | Raised | Valuation | ROI |
|---|---|---|---|---|
| Strategic Round | 01.10.2025 | $30M | — | — |
| Strategic Round | 12.03.2025 | $16M | — | — |
| Strategic Round | 26.02.2025 | $16M | — | — |
| Private Sale | 24.02.2025 | $100M | — | — |
| Seed Extension Round | 16.02.2024 | $14M | $300M | — |
| Seed Round | 19.07.2023 | $6.5M | — | — |
Unlocks & vesting
Unlock events
ENA news
All →Frequently asked questions
How much is 1 ENA in US dollars?
1 Ethena is worth about $0.239731, +0.83% over 24 hours. The price updates every few minutes from exchange data.
How much is 1 ENA in euros?
About €0.213094, converted from the dollar price at the current exchange rate.
What is the market cap of Ethena?
$2.48B, ranked #45 among cryptocurrencies.
How many ENA coins are there?
10.36B ENA in circulation out of a maximum of 15B.
What is the all-time high of Ethena?
$1.52, the highest price in its trading history.