$ENA *Ethena (ENA)* is considered one of the prominent cryptocurrencies in the decentralized finance (DeFi) market, having recently experienced notable fluctuations in price and market activity.
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💰 Current Price
Information about the price of Ethena (ENA) in the stock market.
- Ethena is a crypto in the CRYPTO market.
- The current price is 0.583211 USD with a change of -0.03 USD (-0.05%) from the previous close.
- The highest trading level during the day is 0.621377 USD and the lowest trading level during the day is 0.576236 USD.
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📈 Market Performance Overview
- *Market Capitalization*: Approximately *3.86 billion dollars*.
- *24-Hour Trading Volume*: Approximately *1.18 billion dollars*.
- *Circulating Supply*: Approximately *6.35 billion ENA* out of a total of *15 billion*.
- *TVL (Total Value Locked)*: Approximately *7.67 billion dollars*, placing Ethena among the top 10 DeFi projects in terms of TVL. [1]
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🔍 Factors Influencing the Price
- *Launch of the USDe Stablecoin*: The USDe coin, linked to Ethena, has seen significant growth in supply, reaching *9.3 billion dollars*, making it the third-largest stablecoin by market capitalization. This growth reflects an increase in demand for Ethena's products. [2]
- *Token Unlocking*: Approximately *171.85 million ENA* is expected to be unlocked on August 6, representing about *2.7%* of the total supply. This event may lead to increased selling pressure in the short term. [3]
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