Ethena (ENA)
Rank #57
Market snapshot
- Price
- $0.093301
- Market cap
- $917.0M
- 24h volume
- $156.4M
- Circulating supply
- 9,828,125,000
- Total supply
- 15,000,000,000
- Max supply
- 15,000,000,000
What is Ethena?
Ethena (ENA) is a cryptocurrency designed to function within the Ethereum ecosystem. It aims to facilitate decentralized finance (DeFi) applications by leveraging the capabilities of the Ethereum blockchain, allowing users to engage in various financial activities without the need for intermediaries.
Key information
- Symbol
- ENA
- CMC rank
- #57
- Network / platforms
Ethereum
- Categories
- N/A
- Date added
- Mar 29, 2024
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Ethereum
0x57e114B691Db790C35207b2e685D4A43181e6061
Key characteristics
Ethena is categorized under the DeFi, Ethereum ecosystem, and Binance ecosystem tags. It is associated with decentralized lending protocols like Morpho, which enables permissionless market creation, and Pendle, which allows for the splitting of yield-bearing assets into principal and yield tokens.
Documented uses
USDe, a component of Ethena, is integrated across major centralized exchanges and custodians, providing users access to enhanced collateral utility and capital efficiency.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Ethena (ENA)?
- Ethena (ENA) is a cryptocurrency that operates on the Ethereum platform.
- What are the technical characteristics of Ethena?
- Ethena is categorized under DeFi, Ethereum ecosystem, and Binance ecosystem tags, and is associated with decentralized lending protocols.
- What are the risks associated with transferring Ethena?
- Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets.
- How can I verify the acquisition of Ethena?
- Verify the asset name, network, and contract details before transferring, and review the custody method.
- Where can I find official resources for Ethena?
- Official resources for Ethena can be found at the Ethena website and GitHub repository.
- What are the documented use cases for Ethena?
- USDe, integrated across major centralized exchanges, provides better collateral utility and capital efficiency.
