$ENA Why the Ethena token could become one of the leaders of the alt season? ENA is trading near the center of a growing synthetic dollar ecosystem. It shows a live price slightly above $0.80, a market capitalization of $5 billion, and strong daily turnover. The page also tracks the protocol's TVL, which exceeds $10 billion. These figures place ENA among the more liquid mid-cap tokens right now.

The Ethena stack includes the ENA token on Ethereum and a suite of dollar-denominated products built around hedging in the blockchain. Traders use ENA to express views on the growth of the protocol, while the core product aims for dollar stability. For specifics on prices and turnover, the same listing shows a turnover above 6.6 billion ENA with deep exchange coverage.