$ENA

Ethena ($ENA) — a revolution in the world of stablecoins or a new bubble?

In 2024, a player emerged in the crypto market that caught attention: Ethena with its token $ENA. The project offers a synthetic stablecoin USDe, backed by hedged positions in ETH. Unlike traditional stablecoins, USDe generates income from staking, part of which is received by $ENA holders. The token is used for governance and staking. The distribution through airdrop made it popular among DeFi users. However, experts warn: complex hedging mechanisms and regulatory risks could pose challenges. Whether Ethena will withstand the test of time — the future will tell.