Ethena is a protocol for synthetic dollars and yield.
$555.07M traded Price signal supported
Trading Activity price-reliability indicator with 100 percent data coverage. Low activity replaces price-derived sentiment because the displayed market price may not be supported by meaningful trading.Target
Peg Health price-stability indicator with 0 percent data coverage. It measures observed market pricing, not reserve quality or redemption safety.30D +74.6% 90.4% below ATH
Price-based current market conditions indicator with 100 percent data coverage. This is not a price forecast.$555,073,138.10 traded over the last 24 hours. The available activity evidence is sufficient to retain the asset’s price-derived signal.
Low activity can make the displayed price sensitive to a handful of trades. Trading Activity assesses price reliability—not project development, legal status, reserves, or solvency.
Price movement Not interpreted while trading support is below the reliability threshold.
What it measures
The model combines reported 24-hour volume, market-cap turnover, valid-pair liquidity, active exchange breadth, and quote freshness. Missing optional evidence lowers coverage; missing volume or a known-stale quote suppresses price-derived interpretation.
Configured model weights
When inputs are missing, these configured weights are renormalized across the available evidence; data coverage records what is missing.
How to read it
Scores of 0–19 are dormant, 20–39 are thin, 40–69 are supported, and 70–100 are active. Scores below 40 withhold price-derived interpretation.
Logarithmic historical position weighs on it, while Price momentum across the scored timeframes supports the reading. Together these inputs produce a bullish reading rather than a price forecast.
A complete ATL and ATH range is not available for this asset.
What it measures
The model converts price momentum, logarithmic historical position, milestone recency, and short-term volume confirmation into one 0–100 score. Missing evidence lowers data coverage instead of counting as neutral.
Configured model weights
When inputs are missing, these configured weights are renormalized across the available evidence; data coverage records what is missing.
How to read it
50 is the neutral midpoint. Scores of 60 or higher are bullish, 40 or lower are bearish, and 41–59 are neutral.
Showing 10 spot markets sorted by CoinMarketCap exchange rank. Markets excluded from CMC price or volume calculations are hidden.
| Pair | |||||
|---|---|---|---|---|---|
| 1 | ENA/USDT | $0.14 | $30.34M | 635 | |
| 2 | ENA/TRY | $0.14 | $4.87M | 598 | |
| 3 | ENA/USD | $0.14 | $4.85M | 596 | |
| 4 | ENA/KRW | $0.14 | $7.54M | 440 | |
| 5 | ENA/USDT | $0.14 | $8.24M | 639 | |
| 6 | ENA/USDC | $0.14 | $792.79K | 559 | |
| 7 | ENA/USDT | $0.14 Best price | $13.79M | 560 | |
| 8 | ENA/USDT | $0.14 | $2.25M | 622 | |
| 9 | ENA/USDT | $0.14 | $5.02M | 652 | |
| 10 | ENA/USDT | $0.14 | $7.33M | 516 |
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Coinbase and Ethena could turn idle USDC balances into activity-based yield, challenging banks as lawmakers move to limit passive stablecoin rewards.
Run-rate projections show scenarios ranging from 2 to 30 percent APR on staked ENA.
Ethena Labs congratulates Native Markets as withdrawal from USDH contest clears the path for competitors.
Binance listing positions Ethena's USDe as a major player withing the rapidly expanding stablecoin market.
See ENA across major fiat currencies and swap the active converter instantly.
Quick SelectUsing the live USD market price. Additional fiat rates will appear after the daily sync.
Ethena is a financial platform focused on providing a synthetic dollar and facilitating internet-native yield generation. It appears to be in early access, inviting users to enter an invite code for participation. The platform is supported by notable figures from the crypto industry, including founders from Synthetix, AAVE, Curve, and Frax, among others.
Ethena introduces a groundbreaking protocol on Ethereum for creating a synthetic dollar, offering a crypto-native monetary alternative free from conventional banking systems. It also introduces ‘Internet Bond,' a global, dollar-based savings tool. This innovative approach aims to redefine how we perceive and utilize digital currencies in a global context. For more in-depth information, please refer to their official website.
As of Aug 27, 2026, Ethena trades at $0.15.
Ethena has a market capitalization of $1,427,036,331.78.
Ethena has a 24-hour trading volume of $555,073,138.10.
Ethena reached an all-time high of $1.52, recorded on Apr 11, 2024. It is currently 90.43% below its all-time high.
Ethena recorded an all-time low of $0.07, recorded on Jun 30, 2026. It is currently 106.73% above its all-time low.
Ethena has a total value locked of $4,484,687,999.49.
Ethena has a market cap to TVL ratio of 0.32x.
