The $ENA token is the native governance and utility coin of the Ethena protocol, a decentralized synthetic dollar platform built on Ethereum aiming to offer a stablecoin system independent of traditional banks. $ENA

ENA

0.1359

-3.13%

allows holders to participate in governance and may benefit from future revenue-sharing via a planned fee switch. The project gained attention through Binance’s Launchpool and listing, driving liquidity and broader exposure. Market activity shows price volatility influenced by token unlocks, whale movements, and synthetic dollar growth. Ethena’s ecosystem, notably its stablecoin USDe, continues expanding within DeFi.

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