$ENA

Ethena (ENA) is the native token of the Ethena Protocol, a groundbreaking DeFi project that introduced the first crypto-native synthetic dollar, known as USDe. This dollar is not backed by traditional fiat reserves but by crypto assets like ETH and derivatives, offering censorship-resistant and scalable digital money. The ENA token plays a crucial role in governance, staking, and incentive mechanisms.

Launched in 2024 and supported by major platforms like Binance and Bybit, ENA has gained massive attention from investors. With its unique mechanism to provide yield through delta-neutral strategies, ENA is becoming a top choice for passive income seekers. As DeFi continues to grow, ENA could be a key player in reshaping decentralized stablecoins.