Ethena (
$ENA ) is a relatively new cryptocurrency that is gaining attention in the market. Let's explore some details about her:
Price and Market Capitalization:
Ethena's current price is $0.56 USD with a trading volume over the last 24 hours of $1,772,622,737 BRL1. Ethena's current ranking on CoinMarketCap is #106, with a market capitalization of $800,000,000 USD.
Synthetic Dollar Protocol:
Ethena is a synthetic dollar protocol. This means it is tied to the value of the US dollar (USD) in some way. Users can farm ENA tokens by staking their BNB (Binance Coin) and FDUSD (another stablecoin) tokens.
Decentralization and Tokenomics:
The launch of the ENA token marks the beginning of a process of decentralization of the Ethena protocol. The ENA tokenomics includes allocations to core contributors, investors, the foundation, and ecosystem development initiatives. This reflects Ethena's commitment to promoting growth and innovation within the DeFi (Decentralized Finance) space.
Negotiation and Valuation:
Ethena's price has seen a small drop in the last 24 hours, but its performance over the last 7 days has been positive. With a circulating supply of 1.4 billion ENA, Ethena has a market cap of $844,779,515 USD.
Remember that the cryptocurrency market is volatile and prices can change quickly.
Always do your own research before making investment decisions. đđ
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