Ethena price

in USD
$0.4553
-- (--)
USD
Last updated on Oct 24, 2025, 03:07:15 AM.
Market cap
$3.25B #28
Circulating supply
7.16B / 15B
All-time high
$0.7218
24h volume
$358.49M
ENAENA
USDUSD

About Ethena

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Ethena’s price performance

Past year
--
--
3 months
--
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30 days
-25.74%
$0.61
7 days
+10.72%
$0.41

Ethena in the news

CoinDesk|Oct 13, 2025
No, Ethena's USDe Didn't De-peg

The supposed de-pegging was only limited to Binance while deviations were much more restrained on other major liquid avenues like Curve.

CoinDesk|Oct 13, 2025
Binance to Compensate Users Affected by Crash in wBETH, BNSOL, and Ethena’s USDe

Wrapped tokens crashed as Binance's infrastructure buckled, making it harder for market makers to stabilize prices.

CoinDesk|Oct 12, 2025
Ethena's USDe Briefly Loses Peg During $19B Crypto Liquidation Cascade

USDe recovered quickly, and Ethena Labs confirmed that the mint and redeem functionality remained operational, with the stablecoin remaining overcollateralized.

CoinDesk|Oct 11, 2025
Biggest Crypto Liquidation Ever Sees $16B Longs Decimated Amid Market Chaos

Trump’s 100% tariff warning on China ignited a global sell-off that wiped out $16 billion in leveraged crypto longs and pushed Ethena’s USDe to a rare sub-$1 print.

CoinDesk|Oct 8, 2025
Solana's Jupiter to Develop JupUSD Stablecoin With Backing From Ethena Labs

JupUSD will be developed in partnership with Ethana Labs and initially be fully collateralized by Ethana's USDtb stablecoin.

Crypto Briefing|Oct 8, 2025
Jupiter teams up with Ethena to launch Solana stablecoin JupUSD

Ethena, a protocol known for developing yield-bearing stablecoin mechanisms, has partnered with Jupiter, a Solana-based...

Crypto Briefing|Oct 2, 2025
Sui introduces suiUSDe digital dollar token backed by digital assets with Ethena’s support

Sui, a layer 1 blockchain focused on high-performance DeFi applications, announced the upcoming launch of...

CoinDesk|Oct 2, 2025
Sui Blockchain to Host Native Stablecoins Backed by Ethena and BlackRock's Tokenized Fund

Digital asset treasury firm SUIG, the Sui Foundation and Ethena teamed up to create two proprietary stablecoins for the network.

Crypto Briefing|Oct 2, 2025
SUI Group partners with Ethena to launch stablecoins, reducing reliance on USDC

SUI Group, a Nasdaq-listed treasury management company, partnered with Ethena, a yield-generating stablecoin protocol, to...

CoinDesk|Oct 1, 2025
MEXC Ventures Raises Ethena Investment to $66M

The new investment builds on previous purchases of ENA and USDe, its synthetic stablecoin that tracks the value of the dollar without traditional reserves.

Ethena on socials

Marko Omcryptokus
Marko Omcryptokus
#CRYPTOCURRENCIES are MOVING! Try to scan for massive trade opportunities with our #cryptoscreener #BTC #ETH #WLFI #HYPE #ASTER #ENA #PUMP #SOL #FET #BNB #MNT #SEI #XMR #KAIA #AERO #FLOKI #PYTH #UNI #BONK #AAVE
cmScanner_bbSqueeze
cmScanner_bbSqueeze
Pairs with BB Squeezed in the last 30m $HANA $PUNDIX $ENA $KNC $0G $AIO $AIA $IP $LA $AUCTION Get more updates at
Travis Ⓜ️Ⓜ️T
Travis Ⓜ️Ⓜ️T
Some @solsticefi moon math. Let's say they're the "Ethena of Solana" and they hit the 1B milestone. Ethena's ENA is at 7B FDV with 12.5B TVL Solstice's SLX would then be 560M at 1B TVL 1% goes to the top Xeeters, meaning $5.6M would be given to 100 creators or avg ~$56k each

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Ethena FAQ

Currently, one Ethena is worth $0.4553. For answers and insight into Ethena's price action, you're in the right place. Explore the latest Ethena charts and trade responsibly with OKX.
Cryptocurrencies, such as Ethena, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Ethena have been created as well.
Check out our Ethena price prediction page to forecast future prices and determine your price targets.

Dive deeper into Ethena

ENA is the governance token of Ethena, a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money.

ESG Disclosure

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKCoin Europe Ltd
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
ENA
Consensus Mechanism
The crypto-asset's Proof-of-Stake (PoS) consensus mechanism, introduced with The Merge in 2022, replaces mining with validator staking. Validators must stake at least 32 ETH every block a validator is randomly chosen to propose the next block. Once proposed the other validators verify the blocks integrity. The network operates on a slot and epoch system, where a new block is proposed every 12 seconds, and finalization occurs after two epochs (~12.8 minutes) using Casper-FFG. The Beacon Chain coordinates validators, while the fork-choice rule (LMD-GHOST) ensures the chain follows the heaviest accumulated validator votes. Validators earn rewards for proposing and verifying blocks, but face slashing for malicious behavior or inactivity. PoS aims to improve energy efficiency, security, and scalability, with future upgrades like Proto-Danksharding enhancing transaction efficiency.
Incentive Mechanisms and Applicable Fees
The crypto-asset's PoS system secures transactions through validator incentives and economic penalties. Validators stake at least 32 ETH and earn rewards for proposing blocks, attesting to valid ones, and participating in sync committees. Rewards are paid in newly issued ETH and transaction fees. Under EIP-1559, transaction fees consist of a base fee, which is burned to reduce supply, and an optional priority fee (tip) paid to validators. Validators face slashing if they act maliciously and incur penalties for inactivity. This system aims to increase security by aligning incentives while making the crypto-asset's fee structure more predictable and deflationary during high network activity.
Beginning of the period to which the disclosure relates
2024-10-22
End of the period to which the disclosure relates
2025-10-22
Energy report
Energy consumption
4105.69092 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components: To determine the energy consumption of a token, the energy consumption of the network(s) ethereum is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
Market cap
$3.25B #28
Circulating supply
7.16B / 15B
All-time high
$0.7218
24h volume
$358.49M
ENAENA
USDUSD
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