Ethena
About Ethena
The Ethena Protocol and its token (ENA) is a stablecoin protocol designed to bring a high degree of reliability and transparency to the world of decentralized finance (DeFi). Ethena uses a sophisticated mechanism to maintain its stable price, leveraging a combination of algorithmic and collateral-based models. This dual mechanism aims to ensure price stability while reducing the systemic risks inherent in stablecoin designs. The protocol is built on the Ethereum platform, providing interoperability and access to the ecosystem supporting decentralized applications on the Ethereum network. Ethena’s governance is also decentralized, with decisions regarding updates and modifications made by the tokenholder community, thereby enhancing transparency and reliability.
In the last hour, Ethena's price has seen a change of -0.33%, and over the past 24 hours, its price has moved by +0.94%. Over the previous week, Ethena's price has moved by -8.40%. The current price of Ethena is KWD 0.06860, accompanied by a trading volume of 76.25M in the last day. Ethena's price is currently 85.45% below its all-time high of KWD 0.4716, which remains the highest price Ethena has achieved since its launch. The circulating supply of Ethena stands at 13.41B, translating to a total market capitalization of 919.7M.
Market stats
Frequently asked questions
What is the market cap of Ethena?
With a market capitalization of 919.7M, Ethena is ranked 35 among other crypto assets.
What is the all-time high of Ethena?
The highest valuation of Ethena since its launch was at KWD 0.4716, marking its all-time high.
What is the 24-hour trading volume of Ethena?
The trading activity of Ethena over the last 24 hours was at 76.25M, highlighting its liquidity in the market.
How many Ethena are there in circulation?
There are approximately 13.41B units of Ethena currently in circulation, affecting its market dynamics.
What is the relative popularity of Ethena?
Ethena market cap is around 919.7M.
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