The ENA/USD pair is catching attention in the crypto market! Ethena (ENA), the governance token of the protocol that powers the synthetic stablecoin USDe, has shown dynamic behavior in 2025. Currently, ENA trades around $0.62, with a 24-hour trading volume exceeding $1.1 billion, reflecting strong market interest. Its market capitalization is around $3.92 billion, backed by a circulating supply of 6.342 billion tokens and a maximum supply of 15 billion. The recent partnership with Anchorage Digital to launch USDtb, a regulated stablecoin under the GENIUS Act, and the purchase of tokens by investors like Arthur Hayes have driven a 7.45% increase in the last 24 hours. Despite Germany's exit due to regulations, Ethena maintains a solid TVL of $9.45 billion, with USDe as the third-largest stablecoin. Traders are watching the resistance level at $0.64, with upside potential towards $0.77 if momentum holds. Ready to explore ENA?
