$ENA
🔹 Current price
• Approximately 0.598 USDT per 1 ENA, with a decline close to 4.8% in the last 24 hours. Daily values have fluctuated between 0.576 and 0.64 recent USDT.
📉 Recent performance
• In the last 7 days, it has decreased by about 2%
• In the last 30 days, it has increased approximately 130–136%
• In the last year, it has experienced a rise of 114–158%, according to the consulted source
📌 All-time highs and lows
• All-time high (ATH): ≈ 1.52 USDT on April 11, 2024
• All-time low (ATL): ≈ 0.195 USDT on September 6,
• Token unlocking:
• ~44% have already been unlocked.
• The next key unlocking is scheduled for September 2, 2025, aimed at key contributors
⚙️ What is Ethena and what is the ENA token used for?
• Ethena is a DeFi protocol that issues a synthetic currency called USDe, designed to offer stability, scalability, and censorship resistance, without relying on the traditional banking system
• The ENA token has key functions:
• Governance: allows voting on key decisions such as risk management or asset integration.
• Incentives: used in staking or other rewards within the ecosystem
🕒 Short-term outlook
• In the coming days, there may be moderate downward pressure as the token unlocking in September approaches, which usually increases supply.
• However, the overall momentum remains bullish, supported by recent gains of 130% in the last month.
• Volatility is high (~28% annual) suggesting that movements will continue to be sharp
🧠 Tokenomics and structure
• Circulating supply: ~6.6 billion ENA, which is 44% of the maximum supply of 15 billion .
• Fully Diluted Value (FDV): between 8.9 and 9 billion USD, estimated considering the total supply
