Ethena (ENA) price

#42 in the top 100DeFi

$0.1501−2.23%

Data as of November 11, 2026, 02:11 UTC+3, the price refreshes on the page

Ethena (ENA) is the governance token of Ethena, the protocol behind the USDe synthetic dollar.

Market cap: $2.03B
24h volume: $289.5M
Volume / market cap: 14.29%
Fully diluted value: $2.25B
Circulating supply: 13.5 B ENA
Total supply: 15.0 B ENA
Max supply: 15.0 B ENA
24h range: $0.1467 … $0.1581
All-time high: $1.52April 11, 2024

Ethena chart

1 hour+0.03%

24 hours−2.23%

7 days−15.03%

30 days−36.33%

1 year−55.05%

Price in US dollars, data from CoinGecko

Analytics

What the numbers say about how the coin behaves. Based on hourly prices over 7 days and data as of November 11, 2026, 02:11 UTC+3.

Volatility

113%high

2.5× higher than Bitcoin over the same week.

Link to Bitcoin

0.77clear

Mostly moves with Bitcoin. When Bitcoin moves 1%, ENA moves 1.9% on average.

From the all-time high

−90.11%far below

The high of $1.52 was set on April 11, 2024.

Liquidity

14.3%high

A day’s trading equals 14.3% of market cap. Actively traded, easy to buy or sell.

Supply issued

90%most

90.0% of the max supply is out.

Place in the week’s range

10%near the bottom

The week ranged from $0.1463 to $0.1855, with a max drawdown of −21.12%.

Market share

0.08%small

Share of the top-100 market cap.

What is Ethena

Ethena (ENA) is the governance token of the Ethena protocol, which issues the USDe synthetic dollar and its yield-bearing version, sUSDe. The protocol is built by Ethena Labs, founded by Guy Young, and USDe went live on Ethereum in February 2024. ENA arrived in early April 2024, when 5% of the supply was airdropped (handed out for free) to USDe users who earned points in the Shards campaign and 2% went to Binance Launchpool participants.

ENA is an ERC-20 token on Ethereum. It moves to other networks via LayerZero, and holders can vote wherever their tokens sit. They decide which assets back USDe, how future protocol revenue is allocated and who sits on the Risk Committee, which sets limits on assets and counterparties. Staking ENA gives sENA, a wrapper token, with a cooldown to unstake. Team and investor allocations started unlocking one year after launch, with 25% released at once and the rest vesting monthly over another three years.

ENA itself is not pegged to the dollar and has no reserves behind it. In November 2024 the Risk Committee approved a fee switch that would send part of protocol revenue to sENA holders, but activation depends on conditions and governance, and holders have no guaranteed right to income. In 2025 the Ethena Foundation announced an ENA buyback program and backed StablecoinX, a company set up to buy and hold the token. Unlike lending protocol tokens such as AAVE, ENA is tied to a single product, a synthetic dollar, and to the futures market that keeps it stable.

What it’s used for

voting on USDe backing, risk limits and revenue allocation
electing Risk Committee members
staking into sENA
trading on exchanges and in liquidity pools

Risks

ENA’s value depends on demand for USDe, whose yield comes from futures funding rates: if rates stay negative for long, protocol income shrinks
holders have no guaranteed claim on revenue: whether income flows to ENA depends on conditions and governance votes
the team, investors and foundation hold large allocations that unlock gradually over several years after launch

Contract addresses

Check the contract address before you buy or send: fake tokens copy the name and ticker, but their address is different.

Network	Contract	Open
Ethereum (ERC-20)	`0x57e114b691db790c35207b2e685d4a43181e6061`	Open
Solana (SPL)	`72QvBVwpxqmheEPfaCwWSWqEFsUy3rhWt6JhQBMNTwD1`	Open
TON	`EQAPh9RCprgg5kKumtJi8uB7nFKctPBwuRUu82JgTGmzklNV`	Open
Base	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`	Open

More networks: 15

Network	Contract	Open
Arbitrum One	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`	Open
OP Mainnet	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`	Open
Avalanche C-Chain	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`	Open
Blast	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`
Fraxtal	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`
Kava	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`
Manta Pacific	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`
Mantle	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`
Metis Andromeda	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`
Mode	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`
Morph L2	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`
Scroll	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`
Swellchain	`0x58538e6a46e07434d7e7375bc268d3cb839c0133`
Zircuit	`0x813635891aa06bd55036bbd8f7d1a34ab3de9a0f`
zkSync Era	`0x686b311f82b407f0be842652a98e5619f64cc25f`

Check a ENA address before the deal

mexm AML shows where the coins came from: scams, darknet, mixers, sanctions. Networks: Ethereum (ERC-20). First check free.

Check an address

Questions

How much is Ethena worth today?

As of November 11, 2026, Ethena trades at $0.1501. Over 24 hours the price moved −2.23%, over 7 days −15.03%. The price on this page refreshes automatically.

How many ENA are in circulation?

13.5 B ENA are in circulation. Max supply is 15.0 B ENA, so 90.0% has been issued. The fully diluted value of all coins is $2.25B.

What is the Ethena all-time high?

The all-time high of $1.52 was set on April 11, 2024. The price is now 90.11% below it. The all-time low was $0.0702 (June 30, 2026).

How is ENA different from USDe?

USDe is a synthetic dollar that aims to be worth one US dollar and is backed mainly by crypto hedged with short futures. ENA is the protocol’s governance token: its price floats freely on the market, and holders vote on Ethena’s parameters.

What does staking ENA give you?

Staked ENA becomes sENA, and converting back goes through a cooldown period. The fee switch approved in 2024 provides for a share of protocol revenue to go to sENA holders, but turning it on depends on conditions and governance decisions.

How do I check a ENA address for AML risk?

Open @AMLmexmBot, pick the network (Ethereum (ERC-20)) and send a wallet address or a transaction hash. The bot shows the risk score in percent and where the funds came from. Your first check is free.

Prices and analytics are for information only and are not investment advice. Market data source: CoinGecko.