$ENA is the native token of **Ethena**, a decentralized synthetic dollar protocol that aims to offer a crypto-native alternative to traditional stablecoins. The $ENA coin pair—such as ENA/USDT or ENA/ETH—is gaining traction among traders due to the token’s strong utility and growing ecosystem. As Ethena introduces innovative yield strategies and synthetic asset solutions, which becomes central to governance, rewards, and protocol stability. Its coin pairs offer exposure to a project bridging DeFi and stable finance, attracting both short-term traders and long-term believers. With rising adoption, $ENA trading pairs are emerging as key assets in the evolving decentralized financial landscape.