$ENA The ENA token is the governance and utility token of the Ethena protocol, a decentralized finance (DeFi) platform built on Ethereum. ENA enables holders to vote on critical decisions, such as risk management and protocol upgrades, fostering a community-driven ecosystem. With a total supply of 15 billion tokens, ENA is allocated to core contributors (30%), investors (25%), the Ethena Foundation (15%), and ecosystem development (30%). It supports staking rewards, liquidity provision, and protocol security, incentivizing long-term engagement. ENA’s price, currently around $0.61, reflects its role in Ethena’s synthetic dollar (USDe) ecosystem, which aims for stability and scalability. Listed on exchanges like Binance, ENA drives DeFi innovation and decentralized financial solutions.