$ENA

🚀 What is ENA (Ethena)?

ENA is the governance token of the Ethena platform, operating within the DeFi ecosystem.

The main idea is the issued stablecoin USDe, which operates on synthetic derivatives with a delta-neutral strategy.

ENA holders participate in the governance of the protocol and influence key decisions.

🎯 Current statistics (as of August 5, 2025)

ENA Price: around $0.57 USD, showing a decrease of ~5–6% over the last session.

Market capitalization: approximately $3.8–4.2 billion USD, with a circulating supply of ~6.35 billion tokens.

24-hour trading volume: exceeds $1 billion USD.

All-time high: reached $1.32 USD in December 2024, meaning the current price is ~55% below the peak.

Range (last week/month): an increase of nearly 30–35% over the week, and up to 150% over the month.

🌟 Positioning and trends

Stability element: the USDe created by the protocol provides a synthetic “dollar” medium with an income component.

In recent weeks, there has been active institutional interest - large investors are showing growing interest in Ethena.

Technical indicators on some platforms show Buy or Strong Buy signals, especially on weekly and monthly timeframes.