Ethena ($ENA) is an innovative DeFi protocol on the Ethereum blockchain, offering a synthetic dollar USDe that ensures stability, scalability, and resistance to censorship. ENA, the governance token of the ecosystem, allows holders to participate in key decision-making, including risk management and protocol development. USDe, known as the "Internet Bond," utilizes a delta-hedging strategy to maintain stability, making it a unique solution in the world of stablecoins.

As of August 5, 2025, the price of $ENA is approximately $0.5868 with a market capitalization of $3.89 billion. In the last 24 hours, trading volume reached $848 million, demonstrating high liquidity. The protocol is supported by well-known investors such as Arthur Hayes, highlighting its potential. Ethena is gaining attention due to the growing popularity of USDe, whose volume reached $8.73 billion. Integration with MetaMask and listing on exchanges like Binance make $ENA accessible to a wide audience. Invest with caution, considering the volatility of the crypto market!