Ethena, or ENA, is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money, independent of traditional banking infrastructure. Its synthetic dollar, USDe, is also known as the "Internet Bond" and offers a dollar-denominated savings instrument with the benefits of DeFi ¹ ² ³.$ENA
*Key Statistics:*
- _Market Capitalization:_ $696,631,424 ¹
- _Circulating Supply:_ 1.9 billion ENA ¹ ²
- _Total Supply:_ 15 billion ENA ¹ ²
- _Current Price:_ $0.3663 ¹
*Features:*
- Decentralized framework for high capital efficiency and stability
- Yield opportunities through delta hedging and liquid staked ETH
- Censorship-resistant money solution
- Backed by Ether (ETH) through liquid staking tokens ³
*Where to Buy:*
You can trade ENA tokens on centralized crypto exchanges like Gate.io, Bybit, and KuCoin ².
*Price Performance:*
ENA has seen a 14.1% price increase in the last 24 hours and a 42.7% price increase