ETHENA

Synthetic dollar protocol built on Ethereum

Main Links >

Overview

Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated instrument - the 'Internet Bond'.
Ethena's synthetic dollar, USDe, provides the crypto-native, scalable solution for money achieved by delta-hedging Ethereum and Bitcoin collateral. USDe is fully-backed (subject to the discussion in the Risks section regarding events potentially resulting in loss of backing) and free to compose throughout CeFi & DeFi. USDe peg stability is supported through the use of delta hedging derivatives positions against protocol-held collateral.
Tags: De-Fi
The Ethena ENA token serves multiple key purposes within the Ethena Labs ecosystem. Primarily, it is used for governance, allowing holders to vote on important protocol decisions and changes. This aligns with Ethena Labs' goal of fostering a decentralized and community-driven platform. Additionally, ENA tokens are part of an incentive mechanism.
Current Price:$0.49459
Market Cap:$1,550,399,820 (#73)
Volume (24h):$227,824,967
Circulating Supply:3,128,125,000
Total Supply:15,000,000,000
All-Time High:$1.52 (4/11/2024)
Last Update:Feb 14, 2025 10:25:26
More Info:CoinGecko

Events

Project Rating

We take the following into consideration when forming our opinion: White Paper, Team, Partners, Marketing, Use Case, Tokenomics, Market Size, Competitors, Roadmap, Technology, Progress to Date, Advisors and Board Members. Our rating is not intended to endorse or promote an investment in any specific cryptocurrency.

(4 out of 5)

Word Cloud

A word cloud is a visual representation of text data, which is often used to visualize free form text. Tags are usually single words, and the importance of each tag is shown with font size or color.

Promoted

Blog

Explore the most recent news and updates on our blog. Find out about recent partnerships, updated roadmaps, staking and liquidity mining opportunities, upgrades, new team members and more. Also, be sure to check out Ethena's full Medium page.

Feeds To Follow

Check out the feeds of some popular team members, supporters, followers, etc. of the Ethena project.

Project Videos

Check out some notable videos from Ethena's channel, including the Latest Video, Spotlight Video and an Intro Video if applicable.

News & Updates

Check out the latest News from top sources and Updates from the team to keep up to date on the project.

Influencer/Misc Videos

Don't miss the top videos from knowledgeable crypto influencers who produce content about the Ethena project.

Blockchain Friends

Below are some of the larger blockchain-related friends of the Ethena project. This can include partners, forks, collaborations, and otherwise related projects.

Ethereum Project
Ethereum
Home to digital money, global payments, and applications
 Icon

Stock Photos

We've partnered with SnappyStock to provide stock photos related to the project. These are free to use for any Blog article, or other promotional material.