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Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money not reliant on traditional banking system infrastructure. It offers a dollar-denominated savings instrument with the benefits of DeFi, known as the 'Internet Bond'. Ethena's synthetic dollar USDe is backed by Ethereum derivatives and uses delta hedging strategies to maintain a peg to the U.S. dollar. The protocol has partnered with Binance and has a market capitalization of over $727 million. Ethena's price has fluctuated, reaching an all-time high of $1.52 and an all-time low of $0.07049.
Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money not reliant on traditional banking system infrastructure.
Ethena's synthetic dollar USDe is backed by Ethereum derivatives and uses delta hedging strategies to maintain a peg to the U.S. dollar.
Ethena has partnered with Binance and has a market capitalization of over $727 million.
Ethena's price has fluctuated, reaching an all-time high of $1.52 and an all-time low of $0.07049.
Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money not reliant on traditional banking system infrastructure.
ENA tokens can be traded on centralized crypto exchanges, with the most popular exchange being Gate.
The trading volume of Ethena is $186,104,630.41 in the last 24 hours, representing a 10.60% increase from one day ago.
Yes, Ethena is available on cryptocurrency exchanges, but the specific exchanges are not listed.
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