Ethena ENA
1 · Decentralized Finance · Ethereum Ecosystem · Governance
ENA is the governance token of the Ethena protocol. It is used to vote on protocol decisions including risk management frameworks, collateral policies, and committee elections. Holders can stake ENA to receive sENA, which accrues value through ecosystem airdrops and protocol revenue sharing, aligning long-term participants with the growth of USDe, a synthetic dollar maintained through delta-neutral hedging of crypto collateral against derivatives positions.
0x57e114b691db790c35207b2e685d4a43181e6061Trading volume and liquidity
24h volume $663.52K · Total token liquidity $1.41M。
Volume / current liquidity 47.16%
Volume is a flow over a period; liquidity is a stock at a point in time.
Supply and valuation
Circulating market cap $1.51B · FDV $2.24B。
The two valuations are not yet comparable; their original values are shown separately.