Advanced Crypto Spot Trading in INR
Trade Futures Contracts & Settled in USDT
Experience Personalized Crypto Services
Automated Crypto Trading With APIs
Buy Crypto Monthly Using SIP
Quick Crypto Deposits to Your Account
Multiply Crypto Profits in The Smart Way
Recovery Program for WazirX Users
Live ena Price
₹31.28
9.35%
Price Changes
₹2.92468
9.35%
24h Low
₹28.58
24h High
₹32.0726
Quantity
ENA
Price
INR
TRADE NOW
₹
₹
ADD ASSET TO COMPARE
Select a coin to compare
ZRX
0x
1INCH
1inch
AIOZ
Aioz network
API3
Api3
ARPA
Arpa
AAVE
Aave
ACT
Act i : the ai prophecy
AERO
Aerodrome finance
ATH
Aethir
AEVO
Aevo
AST
Airswap
AKT
Akash network
ACH
Alchemy pay
ALGO
Algorand
TLM
Alien worlds
ALT
Altlayer
ADX
Ambire adex
AMP
Amp
ANIME
Animecoin
ANKR
Ankr
APE
Apecoin
APT
Aptos
ARB
Arbitrum
ARKM
Arkham
FET
Artificial superintelligence
AR
Arweave
ASTR
Astar
AUDIO
Audius
AVAX
Avalanche
AXL
Axelar
AXS
Axie infinity
BOME
Book of meme
1MBABYDOGE
Baby doge coin
BABY
Babylon
BAKE
Bakeryswap
BANANAS31
Banana for scale
BANANA
Banana gun
BAND
Band protocol
BAT
Basic attention token
BERA
Berachain
BICO
Biconomy
BIGTIME
Big time
BNB
Binance coin
BIO
Bio protocol
BTC
Bitcoin
BCH
Bitcoin cash
TAO
Bittensor
BLAST
Blast
BLUR
Blur
BONK
Bonk
AUCTION
Bounce token
BB
Bouncebit
BRETT
Brett (based)
BMT
Bubblemaps
COTI
Coti
ADA
Cardano
CTSI
Cartesi
CATI
Catizen
CELR
Celer network
TIA
Celestia
CELO
Celo
CGPT
Chaingpt
LINK
Chainlink
1000CHEEMS
Cheems (cheems.pet)
CHZ
Chiliz
CHR
Chromia
CPOOL
Clearpool
COW
Cow protocol
C98
Coin98
BAN
Comedian
COMP
Compound
CFX
Conflux
CVX
Convex finance
COOKIE
Cookie dao
COQ
Coq inu
ATOM
Cosmos
CRV
Curve dao token
CYBER
Cyber
D
Dar open network
DIA
Dia
DOGS
Dogs
DAI
Dai
DASH
Dash
DEXE
Dexe
MANA
Decentraland
DEEP
Deepbook protocol
DEGEN
Degen
DGB
Digibyte
DOGE
Dogecoin
DRIFT
Drift
DYM
Dymension
EOS
Eos
EIGEN
Eigenlayer
EGLD
Elrond
ENJ
Enjin coin
EPIC
Epic chain
ENA
Ethena
ETH
Ethereum
ETC
Ethereum classic
ENS
Ethereum name service
ERN
Ethernity chain
FLOKI
Floki
FTM
Fantom
FARTCOIN
Fartcoin
FIL
Filecoin
NEIRO
First neiro on ethereum
FLR
Flare
FORM
Four
FXS
Frax share
GAS
Gas
GUN
Gunz
GNS
Gains network
GALA
Gala
GIGA
Gigachad
GTC
Gitcoin
GMX
Gmx
GNO
Gnosis
GPS
Goplus security
GOAT
Goatseus maximus
GLM
Golem
GRASS
Grass
G
Gravity
HMSTR
Hamster kombat
ONE
Harmony
HBAR
Hedera
HNT
Helium
MOBILE
Helium mobile
MAVIA
Heroes of mavia
HYPER
Hyperlane
HYPE
Hyperliquid
IOST
Iost
ILV
Illuvium
IMX
Immutablex
INJ
Injective
ICP
Internet computer
IOTX
Iotex
JOE
Joe
JST
Just
JASMY
Jasmycoin
JTO
Jito
JUP
Jupiter
CHILLGUY
Just a chill guy
KAITO
Kaito
KAIA
Kaia
KMNO
Kamino finance
KAS
Kaspa
KERNEL
Kerneldao
KSM
Kusama
KNC
Kyber network
ZRO
Layerzero
LDO
Lido dao
LQTY
Liquity
LISTA
Lista dao
LTC
Litecoin
LPT
Livepeer
LRC
Loopring
M3M3
M3m3
OM
Mantra
ME
Magic eden
MKR
Maker
MANTA
Manta network
MNT
Mantle
MASK
Mask network
MEMEFI
Memefi
MEME
Memecoin
MTL
Metal
METIS
Metis
DAR
Mines of dalarnia
MOG
Mog coin
MOODENG
Moo deng (moodengsol.com)
MORPHO
Morpho
MOVE
Movement
MIGGLES
Mr miggles
MUBARAK
Mubarak
ALICE
My neighbor alice
SHELL
Myshell
MYRO
Myro
NEAR
Near protocol
XEM
Nem
NEO
Neo
NKN
Nkn
XNO
Nano
CKB
Nervos network
NEXO
Nexo
NIL
Nillion
NPC
Non-playable coin
NOT
Notcoin
NMR
Numeraire
TRUMP
Official trump
ORDI
Ordi
MELANIA
Official melania meme
OMG
Omisego
OMNI
Omni network
ONDO
Ondo
EDU
Open campus
OP
Optimism
ORCA
Orca
ORDER
Orderly network
OGN
Origin protocol
TRAC
Origintrail
POL
Pol (ex-matic)
CAKE
Pancakeswap
PARTI
Particle network
PNUT
Peanut the squirrel
PENDLE
Pendle
PEPE
Pepe
PERP
Perpetual protocol
PHA
Phala network
PIXEL
Pixels
DOT
Polkadot
MATIC
Polygon
POLYX
Polymesh
PONKE
Ponke
POPCAT
Popcat (sol)
POWR
Power ledger
PENGU
Pudgy penguins
PYTH
Pyth network
QNT
Quant
QKC
Quarkchain
RDNT
Radiant capital
RAY
Raydium
RED
Redstone
RENDER
Render
RNDR
Render token
REZ
Renzo
REN
Republic protocol
REQ
Request
RSR
Reserve rights
XRP
Ripple
RPL
Rocket pool
SKL
Skale
ID
Space id
SPX
Spx6900
GMT
Stepn
SUNDOG
Sundog
SAFE
Safe
SFP
Safepal
SCR
Scroll
SEI
Sei
SHIB
Shiba inu
CAT
Simon's cat
AGIX
Singularitynet
SOL
Solana
FIDA
Solana name service
SXP
Solar
LAYER
Solayer
SOLV
Solv protocol
S
Sonic (prev. ftm)
STX
Stacks
STG
Stargate finance
STRK
Starknet
SNT
Status
XLM
Stellar
STORJ
Storj
IP
Story
SUI
Sui
SUN
Sun (new)
SUPER
Superverse
SUSHI
Sushi
SYN
Synapse
SNX
Synthetix network token
THE
Thena
RUNE
Thorchain
TEL
Telcoin
TNSR
Tensor
LUNA2
Terra 2.0
TST
Test
USDT
Tether
XTZ
Tezos
GRT
The graph
SAND
The sandbox
TFUEL
Theta fuel
THETA
Theta network
TON
Toncoin
TOSHI
Toshi
TRX
Tron
TRU
Truefi
TWT
Trust wallet token
TURBO
Turbo
TUT
Tutorial
UMA
Uma
USDC
Usd coin
UXLINK
Uxlink
UNI
Uniswap
USUAL
Usual
VANA
Vana
VANRY
Vanar chain
VET
Vechain
VTHO
Vethor token
VVV
Venice token
XVS
Venus
VIRTUAL
Virtuals protocol
VOXEL
Voxies
PYR
Vulcan forged (pyr)
WOO
Woo
WCT
Walletconnect token
WAVES
Waves
WLD
Worldcoin
W
Wormhole
X
X empire
XDC
Xdc network
XAI
Xai
YGG
Yield guild games
ZIL
Zilliqa
ELF
Aelf
AI16Z
Ai16z
AIXBT
Aixbt by virtuals
BCUT
Bitscrunch
MEW
Cat in a dogs world
DYDX
Dydx
WIF
Dogwifhat
XEC
Ecash
ETHFI
Ether.fi
RLC
Iexec rlc
IO
Io.net
PEAQ
Peaq
HIPPO
Sudeng
YFI
Yearn.finance
ZK
Zksync
Ethena is a synthetic dollar protocol on the Ethereum blockchain that created a new type of stablecoin called USDe. Unlike traditional stablecoins like USDC or USDT, USDe is not pegged to fiat currency. Instead, it’s backed by crypto assets and short futures positions.
Ethena (ENA) was founded in 2023 by Guy Young, the CEO of Ethena Labs, the company behind Ethena. Young worked in the traditional financial sector across investment banking, hedge funds, and private equity firms, before delving into the world of crypto and blockchain technology.
• ENA token: ENA is the governance token of the Ethena ecosystem. It is an ERC-20 token that is also the governance token, meaning token holders can vote on Ethena’s project proposals. This boosts a community-driven approach to major decisions concerning the project and highlights the decentralized nature of the ecosystem.
• Compound earnings: Compound earnings are a salient feature of the ENA token. This enables ENA token holders to increase their rewards significantly without putting in extra effort.
• Multi-chain support: Ethena supports multiple blockchain networks, making its features and benefits available across different blockchain platforms.
• DeFi integration: Ethena is designed to integrate seamlessly with other DeFi protocols and platforms.
ENA is a relatively new crypto that was launched only in April 2024. Within a short time, the token managed to rank in the top 100 cryptos by market capitalization. In terms of ranking by trading volume, the token sits at the 77th slot, signaling investor interest in the token. However, like the broader crypto market that is on a downtrend, the ENA token is also down. As of July 12, it is trading at $0.38. However, as per technical analysis, the token is poised to surge to over $4 by 2030, making it a promising crypto.
Trade in ENA via CoinSwitch by downloading the app.
• ENA token can be used as a value of transaction within the Ethena ecosystem facilitating operations and interactions. It can also be traded, bought, or sold from a crypto exchange like any other crypto.
• ENA token holders can also stake their ENA tokens to earn staking rewards.
• ENA is given as a reward to participants in the Ethena ecosystem for liquidity provision or for contributing to the protocol.
• With a total supply of 15,000,000,000 tokens, 30% of the ENA token is reserved for ecosystem development, including funding new projects or grants for developers.
• ENA token holders can vote on Ethena’s project proposals, fostering a community-driven approach to major decisions concerning the project.
• ENA token registered a massive growth in market cap to touch $1.3 billion. This positioned Ethena among the top cryptos and highlighted investors’ bullish attitude toward the token and its overall ecosystem.
• Despite being a relatively new crypto, ENA is listed on several crypto exchanges like CoinSwitch.
• ENA being a new token is more susceptible to price fluctuations.
• ENA’s success depends on mainstream adoption within the DeFi space.
• The overall stability of stablecoin in the broader crypto market could impact Ethena’s ecosystem and token value.
• To trade ENA on CoinSwitch, download the app.
• You can start with just ₹100.
• CoinSwitch offers an easy-to-use platform suited for traders of all levels.
In July 2023, Ethena (ENA) raised $6.5 million from top firms like Dragonfly Capital, Deribit, OKX Ventures, Gemini, Bitmex, Huobi, Delphi Digital, and GSR. In addition, Ethena Labs, the innovative arm of Ethena, secured $14 million for its synthetic dollar project. Earlier in 2023, Binance Labs, Gemini, Bybit, Mirana Ventures, OKX Ventures, and Deribit contributed another $6 million. These investments show investor trust in Ethena’s growth and credibility.
0x
Ethena0xPrice
₹0
₹0
24h Price Difference %
₹0
₹0
7d Price Difference %
₹0
₹0
Market Cap
-
-
24h Trade Volume
-
-
Circulating Supply
-
-
Market Rank
-
-
1. Who is the founder of Ethena (ENA)?
The founder of Ethena (ENA) is Guy Young. He is also the CEO of Ethena Labs, which focuses on developing the Ethena protocol and its synthetic dollar, USDe.
2. What is the market cap of Ethena (ENA)?
The market capitalization of Ethena (ENA) varies slightly across different sources. Here are some reported figures:
1. Approximately $751.57 million USD.
2. Approximately €706.3 million EUR.
3. What is the circulating supply of Ethena (ENA)?
The circulating supply of Ethena (ENA) is approximately 1.71 billion ENA coins.
Highlight
Ethena is a protocol that creates synthetic dollars called USDe using staked Ether (stETH) as collateral, providing a unique stablecoin alternative.
ENA Price Today
ENA Price
₹31.28
Price Change 24h
9.35%
Price Change 7d
24.37%
Market Rank
#46
Market Cap
₹17,477 Cr.
Trade Vol 24h
₹1,819 Cr
Circulating Supply
₹555 Cr. ENA
Trading Activity
67% Buy33% Sell
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
