$ENA

ENA is the native token of the Ethena protocol, a project that aims to create a synthetic dollar solution on the blockchain, USDe, which does not rely on traditional banking infrastructure. Since its launch, the evolution of the ENA token has been remarkable, marked by significant volatility and substantial growth.

Initially, the price of ENA showed great dynamics, driven by enthusiasm around the innovative synthetic dollar protocol and its attractive annual yield. It has experienced peaks and valleys, with an all-time high in April 2024 and an all-time low in September of the same year.

Market activity remains high, with significant trading volume. Investor confidence is supported by the growth of the Total Value Locked (TVL) in the network, reinforcing the security and efficiency of the protocol. However, upcoming token unlocks could generate volatility, although the project's long-term acquisition timeline suggests a long-term commitment.