Ethena (ENA) Price Today: $0.0776, Market Cap $718 M, Supply Details

Ethena (ENA) is trading at $0.0776 per token, a 2.26% decline over the last 24 hours, with a market capitalization of roughly $718 million and a circulating supply of 9.29 billion ENA [1]. The token’s price sits far below its all‑time high of $1.52, representing a 94.9% drop from that peak [1].

Key takeaways

• Current price: $0.0776 (≈ 2.26% down 24 h) [1]
• Market cap: $718.65 million, based on circulating supply [1]
• Circulating supply: 9.29 billion ENA; max supply: 15 billion [1]
• 24‑hour trading volume: $5.81 million [1]
• Rank on CryptoRank: #70 with a 2.85% price increase [2]

Live market data and token fundamentals

WhiteBIT’s live feed shows ENA trading at $0.0776 with a 24‑hour volume of $5,811,325.21 and a market cap of $718,653,670 [1]. The circulating supply of 9,293,750,000 ENA is used to calculate this market cap (circulating supply × price). The token’s maximum supply is capped at 15 billion ENA [1]. CryptoRank lists the same price range (low $0.07698, high $0.08196) and places ENA at rank 70, noting a recent 2.85% price rise [2]. Both sources confirm the token’s current price hovering just above its all‑time low of $0.07049 and far below its all‑time high of $1.52 [1].

Project context and ecosystem role

Ethena positions itself as a DeFi protocol that issues a synthetic dollar (USDe) backed by Ethereum‑based collateral, with ENA serving as the utility token for governance, protocol fees and incentives [3]. The platform employs strategies such as liquid staking of ETH, short ETH perpetual futures, and “Internet Bonds” to maintain the USDe peg and generate yields [3]. According to a QuickEx overview, ENA’s design emphasizes capital efficiency, on‑chain risk controls and collateralized debt positions, aiming to provide stable, decentralized financial services [4]. While the price data reflects market activity, the protocol’s broader ambition is to offer an alternative to traditional stablecoins through decentralized mechanisms [3][4].

Why it matters

The current price and market‑cap figures illustrate that ENA is trading well below its historic peak, suggesting significant downside risk for investors but also potential upside if the protocol gains traction. Ethena’s unique approach—combining synthetic stablecoins with innovative yield‑generation tactics—places it in a competitive niche within the DeFi sector. Future price movements will likely hinge on the protocol’s ability to attract liquidity, maintain the USDe peg, and expand its ecosystem, especially after notable events such as its Binance Launchpool listing [3]. Monitoring trading volume, supply dynamics and broader DeFi trends will be essential for assessing ENA’s trajectory.