$ENA

ENA/BTC is the trading pair representing the value of Ethena (ENA), a governance token of the Ethena protocol, quoted in Bitcoin (BTC). Ethena is a decentralized stablecoin protocol built on Ethereum, whose main product is the synthetic dollar (USDe); ENA is used both for governance and as an incentive within the ecosystem.

As of today, 1 ENA is worth approximately 0.00000514 to 0.00000563 BTC, depending on the exchange and time of update. To put it another way, you need about 194,000 to 177,700 ENA to equal 1 BTC, depending on the current rate.

The ENA/BTC rate reflects both the price action of Ethena as a project and its performance relative to Bitcoin, which is a common reference asset in the Web3 and crypto space. This pair is widely used for trading, value comparison, and market analysis among crypto investors