What is Ethena?
ENAEthena is a protocol that issues USDe, a synthetic dollar backed by crypto collateral hedged with short futures positions.
The tokenENA is its governance token.
Supply and what is still to come
How many coins exist, how many can, who holds the part not yet circulating and what the schedule releases.
- Circulating supply
- 15.00 billion ENA
- Total supply
- 15.00 billion ENAin existence, locked or not
- Maximum supply
- None fixedno fixed maximum
- Burned
- 2.631 ENAsent to addresses that can never spend
- Unlocks, next 30 days
- 93.75 million ENAfrom the disclosed schedule our unlock calendar follows
- Unlocks, next 12 months
- 1.125 billion ENAschedule ends 5 Mar 2028
A year in the market
Measured on the daily closes of our own US dollar price index.
- Return, past year
- −53.6%daily closes
- Volatility, past year
- 107%annualised, daily log returns
- Deepest fall from a peak, past year
- −79.0%daily closes
- Below its all-time high
- −89.6%high of $1.46 on 10 Apr 2024
- Correlation with bitcoin
- 0.59daily returns, past year; 1 is lockstep
- Beta to bitcoin
- 1.43its usual move for a 1% move in bitcoin
Points to check
What our data shows that a holder should know. Each point is a measurement, not a rating.
- Scheduled unlocks
1.125 billion ENA unlock over the next 12 months, 7.5% of today's circulating supply.
- Price swings
Its daily moves were 2.4x as large as bitcoin's over the past year (volatility 107% against 44%).
- Distance from the high
It trades 90% below its all-time high daily close of $1.46 (10 Apr 2024).
Questions
What is Ethena?
Ethena is a protocol that issues USDe, a synthetic dollar backed by crypto collateral hedged with short futures positions.
What is ENA used for?
ENA is its governance token.
Is Ethena's supply capped?
No fixed maximum (no fixed maximum); the total supply today is 15.00 billion ENA.
Where is Ethena traded?
On 11 of the 11 exchanges we read: 8 list spot pairs against the dollar or a dollar stablecoin and 11 list perpetual futures. The token finder lists every pair.
Supply from our own nodes or the project’s published figures, prices from our own indexes, listings from the exchanges’ own instrument lists. Last update