Ethena Price
ENA · #78 by market cap
-0.53% 1h -6.37% 7d — 30d — 1y
Price data via CoinGecko API, refreshed every 60 seconds. Historical chart data daily-refreshed. See our methodology. Data & methodology reviewed by Maya Lin, Markets Editor · last editorial review Jun 2026.
Ethena — key takeaways
- Ethena (ENA) trades at $0.0855 and ranks #78 by market capitalisation, with a market cap of $794.05M.
- It is trading 94.4% below its all-time high of $1.52.
- ENA is -18.76% over 30 days and -70.14% over the past year.
- Roughly 62% of the capped 15,000,000,000 ENA maximum supply is now in circulation.
- 24-hour volume of $143.59M equals 18.1% of market cap — a high liquidity profile, supporting active two-way trading.
At-a-glance summary generated from live market data. Figures update each refresh cycle; not investment advice.
What’s moving Ethena
Ethena (ENA) is trading at $0.0855, -6.37%% over the past week and -18.76%% over the month, as of Jun 25, 2026. Below is the latest reporting and analysis on Ethena from the DMC News desk.
→ Ethena price prediction: 2026, 2027, 2030 & 2035 scenarios
All Ethena news & analysis from our desk →
Technical snapshot
Derived from 365-day price history200d MA: $0.1353
Indicators are for informational purposes only and do not constitute investment advice. Past performance does not guarantee future results.
ENA weekly price chart (1 year)
-64.7% 1YEach candle is one week. The body spans the week's open and close (green when it closed higher, red when lower); the wick marks the weekly high and low. Data is real weekly OHLC from Binance (ENA/USDT), with weekly USD volume below.
Ethena price prediction 2026–2035
Model-basedOur quantitative model projects Ethena (ENA) price scenarios from its 112.3% annualised volatility and a downward -70% trailing 12-month trend, with expected returns decaying toward a long-run baseline as the asset matures. At today's price of $0.0855, the base case points to roughly $0.0818 by end of 2026 and $0.0897 by 2035 (a bull case near $0.1850, a bear case near $0.0287).
| Year | Bear | Base | Bull | Base ROI |
|---|---|---|---|---|
| 2026 | $0.0542 | $0.0818 | $0.1249 | -4% |
| 2027 | $0.0325 | $0.0766 | $0.1456 | -10% |
| 2028 | $0.0237 | $0.0740 | $0.1526 | -13% |
| 2029 | $0.0234 | $0.0731 | $0.1508 | -14% |
| 2030 | $0.0235 | $0.0736 | $0.1518 | -14% |
| 2035 | $0.0287 | $0.0897 | $0.1850 | +5% |
A prolonged risk-off market, weaker liquidity or coin-specific setbacks could press ENA toward $0.0287 by 2035. Drawdowns of 50–80% are historically normal for crypto assets.
Steady adoption in line with the broader market puts ENA near $0.0897 by 2035 — about +5% versus today.
A strong cycle, accelerating demand or a structural catalyst could lift ENA toward $0.1850 by 2035, which would require reclaiming and exceeding its prior all-time high.
How this forecast is calculated
The projection is generated algorithmically from Ethena's own price history — there is no human price target. We measure realised volatility from up to a year of the asset's own price history (daily where available, otherwise weekly) and anchor a base annual growth rate to recent momentum, then decay that rate toward a conservative long-run baseline (compounding compresses as an asset matures). Bear and bull bands widen with volatility scaled by the square root of the horizon, and the bear case is floored to remain realistic. Outputs are rounded scenario estimates, not guarantees.
Not financial advice. Cryptocurrency is highly volatile and these model-based scenarios can be wrong by a wide margin. Do your own research.
Ethena price returns & market statistics
Ethena (ENA) trades at $0.0855, ranked #78 by market capitalisation. The tables below summarise its performance across timeframes and its core supply and valuation metrics.
| Period | Change |
|---|---|
| 1 hour | -0.5% |
| 24 hours | +0.9% |
| 7 days | -6.4% |
| 30 days | -18.8% |
| 90 days | -23.1% |
| 1 year | -70.1% |
| From all-time high | -94.4% |
| From 52-week low | +22.3% |
| Market cap | $794.05M #78 |
| Fully diluted valuation | $794.05M |
| 24h trading volume | $143.59M |
| Volume / market cap | 18.1% |
| Market dominance | 0.04% |
| Circulating supply | 9.29B ENA 62% |
| Total supply | — |
| Max supply | 15.00B ENA |
| All-time high | $1.52 |
| 52-week low | $0.0699 |
Understanding Ethena
What is Ethena (ENA)?
Ethena (ENA) is a cryptocurrency that trades as an alternative to Bitcoin and Ethereum, with its own network, use case and community. Like most digital assets, its price is driven by adoption, liquidity, broader market cycles and project-specific developments. As of June 2026, Ethena is the #78 cryptocurrency by market capitalisation, trading near $0.0855.
How does Ethena work?
The project operates its own blockchain or token contract with a defined consensus or distribution model. Holders may use the token for fees, governance, staking or access to the network's services, depending on the design.
What drives the Ethena price?
Ethena's price reflects the balance of supply and demand. With a capped maximum supply of 15.00B ENA (62% already circulating), scarcity is a structural part of the story — fresh demand has to compete for a limited float. On the demand side, the main forces are the broader crypto market cycle (assets tend to rise and fall together with Bitcoin and overall liquidity), real usage and adoption of the project, macro conditions such as interest rates and risk appetite, and project-specific catalysts like upgrades, listings, partnerships or regulation. At roughly 94% below its all-time high, a meaningful part of any bull case is simply recovering ground already proven possible.
Is Ethena a good investment in 2026?
There is no one-size-fits-all answer. Ethena offers exposure to a specific corner of the crypto market with its own adoption thesis, but every cryptocurrency carries real risk: prices are highly volatile, drawdowns of 50–80% are historically normal, and outcomes depend on execution, competition and an evolving regulatory landscape. A reasonable approach is to size any position to what you can afford to lose, treat the model-based scenarios above as illustrations rather than promises, and weigh Ethena's fundamentals against alternatives. This is information, not financial advice.
ROI calculator
Hypothetical · educational onlyCalculations use historical end-of-day prices. Past performance is not indicative of future results. Cryptocurrency investments carry significant risk.
Where to trade Ethena
10 exchanges · sorted by volume| # | Exchange | Pair | Price | |
|---|---|---|---|---|
| 1 | CoinUp.io | ENA/USDT | $0.0954 | Trade ↗ |
| 2 | Binance | ENA/USDT | $0.0958 | Trade ↗ |
| 3 | BTCC | ENA/USDT | $0.0954 | Trade ↗ |
| 4 | Bybit | ENA/USDT | $0.0957 | Trade ↗ |
| 5 | BloFin | ENA/USDT | $0.0955 | Trade ↗ |
| 6 | CoinW | ENA/USDT | $0.0955 | Trade ↗ |
| 7 | Toobit | ENA/USDT | $0.0954 | Trade ↗ |
| 8 | Gate | ENA/USDT | $0.0957 | Trade ↗ |
| 9 | WhiteBIT | ENA/USDT | $0.0955 | Trade ↗ |
| 10 | LBank | ENA/USDT | $0.0955 | Trade ↗ |
Trust score reflects exchange liquidity, age, and order book depth (CoinGecko methodology). External links are not endorsements — always verify the exchange in your jurisdiction.
Other major cryptocurrencies
Top 9 by market cap
BTC
Bitcoin
#1
ETH
Ethereum
#2
USDT
Tether
#3
BNB
BNB
#4
USDC
USDC
#5
XRP
XRP
#6
SOL
Solana
#7
TRX
TRON
#8
FIGR_HELOC
Figure Heloc
#9
Live market data, refreshed continuously. Click any coin to view its full profile.
Compared to peers
Normalised · max = 100
Ethena
ENA
Ethereum
ETH
Each axis is scaled to the largest value across the compared coins (= 100). Larger polygons indicate higher overall metrics. "Stability" is the inverse of 30-day volatility.
Tokenomics & supply
Max supply: 15,000,000,000 ENA- Circulating 9,293,750,000 ENA 62.0%
- Yet to be issued 5,706,250,000 ENA 38.0%
Capped supply — no further issuance possible above 15,000,000,000 ENA.
Ethena price analysis
At $0.0855, Ethena (ENA) is currently deep in a drawdown from its all-time high. That is 94.4% below the record high of $1.52.
Momentum-wise, ENA has fallen sharply over the past month (-6.37% (7d), -18.76% (30d), -70.14% (1y)). With 24-hour volume at 18.1% of market cap, turnover is high, signalling active two-way trading. Crypto prices are highly volatile; these readings describe recent history, not a forecast.
What drives the price of Ethena?
Demand for ENA reflects adoption of its underlying network and use case, exchange availability, and the project's ability to ship and retain users.
Because the supply of Ethena is hard-capped at 15,000,000,000 ENA, the scarcity narrative — fewer new tokens entering circulation over time — is a core part of its investment thesis.
Like nearly all crypto assets, ENA also trades with a strong correlation to Bitcoin and to overall risk appetite. Macro liquidity, US-dollar strength, interest-rate expectations, regulatory headlines and new exchange listings can all move the price independently of project fundamentals.
Risks & considerations
- High volatility. Ethena can gain or lose a large share of its value in a short time. Over the past year alone ENA has moved about 70%.
- Regulatory uncertainty. Crypto rules differ by jurisdiction and continue to evolve, which can affect availability, liquidity and price.
- Not advice. Only allocate capital you can afford to lose, and consider consulting a licensed financial adviser. Nothing on this page is personalised investment advice.
About Ethena
Ethena (ENA) is a cryptocurrency. It currently trades at $0.0855, with a 24-hour trading volume of $143.59M and a market capitalisation of $794.05M, placing it at rank #78.
Frequently asked questions about Ethena
What is Ethena (ENA)?
Ethena (ENA) is a cryptocurrency listed on global exchanges and tracked across major data providers. It currently ranks #78 among all cryptocurrencies by total market value. Live price, market cap, trading volume, and historical performance are displayed on this page and refreshed continuously.
How does Ethena work?
Ethena is a decentralised cryptocurrency with transactions recorded on a public blockchain. The exact consensus mechanism and economic policy are defined in the protocol underlying codebase — refer to the project website for technical details.
How much Ethena is in circulation?
There are currently 9,293,750,000 ENA in circulation out of a maximum supply of 15,000,000,000, meaning approximately 62% of the total ENA that will ever exist has been issued. New tokens enter circulation through the protocol's pre-defined emission schedule.
How can I buy Ethena?
Ethena (ENA) is traded on most major cryptocurrency exchanges, including Binance, Coinbase, Kraken, OKX, Bybit, and Bitstamp. Availability depends on your jurisdiction and the exchange's listings. After purchase, many users transfer their ENA to a self-custody wallet for long-term storage. This information is educational and does not constitute investment advice.
Is Ethena a good investment?
Cryptocurrencies, including Ethena, are highly volatile and carry significant risk of loss. Whether Ethena is appropriate for a given portfolio depends on the investor's individual risk tolerance, time horizon, and financial situation. Always research the project's fundamentals, understand the risks, and only allocate capital you can afford to lose. This page provides market data only, not personalised investment advice. Consider consulting a licensed financial advisor before making investment decisions.
How is Ethena different from Bitcoin?
Bitcoin (BTC) was the first cryptocurrency, designed primarily as a digital store of value and peer-to-peer payment network with a fixed supply of 21 million coins. Ethena (ENA) focuses on different design goals, with a different technical design, supply schedule, and ecosystem. Bitcoin derives its value primarily from scarcity, security, and brand recognition, while Ethena's value is tied to adoption within its specific use case and underlying network effects.
What is the market cap of Ethena?
Ethena (ENA) has a market capitalisation of approximately $794.05M, which ranks it #78 among all cryptocurrencies. Market cap is calculated as the circulating supply multiplied by the current price and is the most common way to compare the relative size of cryptocurrencies. It updates continuously as the price moves.
What determines the price of Ethena?
The price of Ethena (ENA) is set continuously by supply and demand across global exchanges. The main factors are its circulating and maximum supply, trading volume and liquidity, overall crypto-market sentiment, its correlation with Bitcoin, regulatory developments, and real adoption of the underlying network. Because the market trades 24 hours a day, the price can change at any moment.
What is the Ethena price prediction?
No one can reliably predict the future price of Ethena or any cryptocurrency. Where sufficient history is available, this page shows a model-based forecast range derived from historical volatility and trend — it should be read as a scenario illustration, not a target or a promise. Crypto prices are highly volatile and shaped by events no model can foresee, so always do your own research and never invest more than you can afford to lose.
Is Ethena safe?
"Safe" depends on two separate things: how you hold Ethena (ENA), and price risk. For custody, use reputable exchanges and consider a self-custody hardware wallet for larger amounts, and never share your private keys or seed phrase. For price, every cryptocurrency is volatile and can lose value quickly, so only commit capital you can afford to lose. Being listed on major exchanges is not an endorsement or a guarantee against loss.
Can I stake Ethena?
Whether Ethena can be staked depends on its consensus mechanism. Proof-of-Stake networks let holders lock ENA — by running a validator or delegating to one — to help secure the network and earn rewards. Check Ethena's underlying technology first, use only reputable providers, and be aware that staked funds can face lock-up periods and, on some networks, slashing penalties.