What is Ethena?
Ethena (ENA) is an altcoin currently ranked 71st by market capitalization across all crypto assets we track. It trades alongside other digital assets across centralized and decentralized venues globally.
Market position
At the current price of $0.0743, Ethena carries a market capitalization of $512.13M. Daily trading volume across exchanges sits at roughly $109.70M. That works out to a 24-hour turnover of about 21.42% of the float — elevated turnover, often a signal of active narrative-driven trading.
Price action across timeframes
Over the past 24 hours, Ethena has moved -8.43%; over the past week, Ethena has moved -25.16%; over the past 30 days, Ethena has moved -12.33%; over the past year, Ethena has moved -72.76%.
Cycle position
Ethena is currently trading far below its all-time high (all-time high of $1.52, -95.1% from peak). . From its all-time low of $0.0767, current pricing represents a +-3% recovery.
Supply & dilution
The circulating supply stands at 15,000,000,000 ENA. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.
Volatility profile
Recent price action puts Ethena in the Extreme-volatility bucket. The asset is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely. Over the past 30 days, the 30-day move totals -12.33%, which traders should weigh against position sizing and stop-loss placement.
How to evaluate Ethena
A balanced read on ENA typically considers three lenses:
- Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
- Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
- Comparable assets — how is ENA performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.
This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.
Project description
Ethena (ENA) is a blockchain-based platform that aims to provide decentralized and secure financial services through smart contracts. It focuses on enabling efficient transactions and fostering a collaborative ecosystem for users. Source: CoinPaprika.com
