$ENA ENA (Ethena) is a cryptocurrency token listed on Binance. It powers the Ethena protocol, which is focused on creating decentralized financial tools, including synthetic stablecoins. $ENA is used for governance, staking, and supporting the system’s operations. The project aims to offer a censorship-resistant, scalable, and stable digital dollar alternative. It’s designed to work without relying on traditional banking, making it attractive in DeFi ecosystems. Traders and investors on Binance use $ENA for long-term holding, staking rewards, or active trading based on market trends.