The ENA currency is a digital currency associated with the Ethena project, which aims to provide a stable digital alternative to the US dollar without relying on traditional banks. ENA plays a governance role in the Ethena network, allowing its holders to participate in future decision-making for the project. The innovation focuses on using decentralized finance protocols to secure a stablecoin known as USDe, without the need for bank reserves. The currency quickly attracted investor interest, especially after its listing on major trading platforms. Some see it as a new revolution in the world of stablecoins, while others view it as a risky experiment due to the volatile nature of the market.
