Ethena price

in USD
$0.3264
-- (--)
USD
Last updated on --.
Market cap
$2.43B
Circulating supply
7.42B / 15B
All-time high
$0.7218
24h volume
$232.18M
ENAENA
USDUSD

About Ethena

Disclosures

Ethena risk

This material is for informational purposes only and is not exhaustive of all risks associated with trading Ethena. All crypto assets are risky, there are general risks in investing in Ethena. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.

Investment Risk

The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.

Lack of Protections

Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.

Liquidity Risk

There is no guarantee that investments in crypto assets can be easily sold at any given time.

Complexity

Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.

Concentration Risk

Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.

Five questions to ask yourself

  1. Am I comfortable with the level of risk? Can I afford to lose my money?
  2. Do I understand the investment and could I get my money out easily?
  3. Are my investments regulated?
  4. Am I protected if the investment provider or my adviser goes out of business?
  5. Should I get financial advice?

Ethena’s price performance

Past year
--
--
3 months
--
--
30 days
-41.83%
$0.56
7 days
-18.16%
$0.40

Ethena in the news

CoinDesk|28 Oct 2025
Ethena-Backed DEX Terminal Finance Reaches $280M in Pre-Launch Deposits

Terminal Finance, a decentralized exchange incubated by Ethena Labs, has attracted $280 million in deposits before launch.

CoinDesk|13 Oct 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|13 Oct 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|12 Oct 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|11 Oct 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|8 Oct 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|8 Oct 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...

72%
Buying
Updated hourly.
More people are buying ENA than selling on OKX

Ethena on socials

Max Luxon
Max Luxon
$Syn perfect wedge breaking out $CUDIS $ADA $LINEA $KMNO $BTC $ETH $BNB $DOGE $SUI $HYPE $GM #altcoin $TRUMP $BERA $LAYER $KAITO $BMT $ASTR $EIGEN $ENA $BOME $UP $JAGER $DOOD $HUMA #helevier $CROCS $HTX #Trump
文文
文文
Essentially, the cycle lending in DeFi is a form of chronic double-spending attack. If we want DeFi Lego to be stable, the first necessity is to eliminate the cycle lending of underlying assets. This way, even if there is a collapse, it will only affect the upper layer. If it doesn't collapse, it's not fun; if it collapses completely, there's nothing left to play with.
區塊先生 🐡 ⚠️ (rock #58)
區塊先生 🐡 ⚠️ (rock #58)
🚨 It feels like something big is about to happen in DeFi (a strange vibe) Especially as we see platforms like Compound, Lista, Silo, Morpho, Ethena Labs (USDe), Stream Finance (xUSD), and other similar Curator/borrowing platforms showing obvious lack of transparency and liquidity. At the same time, the utilization rates of various lending assets have skyrocketed to levels of 95% to 100%, which actually means: if you want to withdraw or cash out → it may become difficult. Currently, although there is no widespread panic, once panic spreads = bank run initiates → runs on the bank → a chain reaction begins. In this cycle, the entire DeFi "Lego" model has become too intricate, with various protocols cross-referencing each other; if one link fails, all links fail. AAVE's volume has reached 60 billion USD, but the core assets underneath are looping at a very high rate. A reminder to everyone: before chasing high yields and high utilization, be aware of the structural risks behind it. ⸻ 🔍 Here are a few points worth highlighting: • Stream Finance has announced a loss of about 93 million USD and has suspended deposits and withdrawals. • At the same time, investigations have found that its exposure to lending/stablecoins exceeds 284 million USD, and the risks may spread to multiple protocols. • Liquidity and structural issues with Compound, Silo, and major lending platforms. Now is not the time to only look at "high interest rates" and "high utilization"; instead, ask yourself: "If I can't withdraw / if I can't mine / if the borrower collapses, how will this entire leverage/interconnected structure fall apart?" The era of DeFi is indeed here, but the Lego is too chaotic, and the foundation is too fragile, which should alert all participants.🫡
BitFrog(合约帝)中文频道
BitFrog(合约帝)中文频道
📢 This week's token unlock overview - from November 3 to November 9 🔘 Tokens: $ENA $MEME $BB $RED $SXT $MAV 🌈 The $MAV token will see a large unlock, with the unlock amount accounting for 16.92% of the circulating supply. 🌟 Follow BitFrog for timely updates on the latest news and market alerts. ▶️ #token #CryptoNews #CryptoMarket #代币解锁 @ethena_labs @memecoin @bouncebit @spaceandtime @MaviaGame

Guides

Find out how to buy Ethena
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Predict Ethena’s prices
How much will Ethena be worth over the next few years? Check out the community's thoughts and make your predictions.
View Ethena’s price history
Track your Ethena’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Own Ethena in 3 steps

Create a free OKX account

Fund your account

Choose your crypto

Trade a wide selection of crypto on OKX

Ethena FAQ

Currently, one Ethena is worth $0.3264. 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.

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.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$2.43B
Circulating supply
7.42B / 15B
All-time high
$0.7218
24h volume
$232.18M
ENAENA
USDUSD
Kick-start your crypto journey with OKX