$ENA ENA is the native token of Ethena, a synthetic dollar protocol on Ethereum that provides a crypto-native solution for money not reliant on traditional banking systems. Key aspects of ENA include ¹ ²:

- *Governance*: ENA token holders participate in decision-making processes shaping the protocol's future.

- *Utility*: ENA facilitates governance, protocol utility, and incentives within the Ethena ecosystem.

- *Supply*: The total supply of ENA tokens is capped at 15 billion.

ENA's value is driven by Ethena's adoption and growth in the DeFi space. The token has shown significant price movements, with a current price of around $0.59-$0.61 and a market capitalization of approximately $3.9 billion ³ ¹ ⁴.