#ENA Ethena (ENA) is a cryptocurrency created by Ethena Labs, primarily associated with their synthetic dollar protocol, USDe, built on Ethereum. The ENA token serves as a utility token within this ecosystem, primarily used for governance purposes, allowing holders to vote on protocol decisions.

ENA was recently introduced on Binance through the Binance Launchpool, where users could farm ENA by staking BNB and FDUSD. The total supply of ENA is set at 15 billion, with a circulating supply of approximately 1.52 billion tokens. Its market cap is about $1.12 billion, making it a notable player in the cryptocurrency market [oai_citation:1,Ethena Price | ENA Price Index, Live Chart and USD Converter - Binance](https://www.binance.com/en/price/ethena) [oai_citation:2,Introducing Ethena (ENA) on Binance Launchpool! Farm ENA by Staking BNB and FDUSD | Binance Support](https://www.binance.com/en/support/announcement/introducing-ethena-ena-on-binance-launchpool-farm-ena-by-staking-bnb-and-fdusd-6c216f219f0e42adb1849759dee3fbd9).

Price predictions for ENA vary, with projections suggesting potential significant growth over the next few years. For instance, by the end of 2024, ENA's price could range between $0.955 and $4.47, and it is projected to reach between $2.36 and $3.82 by 2030 [oai_citation:3,Ethena (ENA) Price Prediction 2024, 2025–2030 | CoinCodex](https://coincodex.com/crypto/ethena/price-prediction/).

Ethena has garnered attention for its innovative approach to decentralized finance (DeFi), with backing from Binance Labs and other key investors. This support has helped Ethena position itself as a promising player in the DeFi space [oai_citation:4,Binance Announces 50th Launchpool Project Ethena (ENA)](https://coingape.com/binance-announces-50th-launchpool-project-ethena-ena/).