Ethena Price (ENA)

Rank #49

$0.1268

▼ 8.60%24h

24h low $0.126124h high $0.1423

Ethena Price Chart

CoinGecko

Daily price (USD) 50 day average 200 day average Volume

Focus the chart and use the arrow keys to read individual prices.

50 day average $0.2005 200 day average $0.1323 History updated 11 h ago

1h: +0.0%
24h: ▼ 8.60%
7d: -21.7%
30d: -31.3%
1y: -56.0%
From ATH: -91.6%
From ATL: +80.6%
Vol / Mcap: 18.2%

ENA Futures Funding

Exchange APIs

Weighted funding

-0.0066%

per 8 hours

Annualised

-7.2%

if it stayed the same

Open interest

$79.4M

3 exchanges

OKX-0.0116% OI $10.3M

Bitget-0.0065% OI $27.2M

Hyperliquid-0.0054% OI $42.0M

Positive funding means long positions pay short positionsAll coins →

About Ethena

Reviewed 14 Nov 2026

Synthetic dollar protocol

Ethena issues USDe, a token designed to follow the US dollar. For part of its backing, Ethena holds assets exposed to crypto prices and opens short positions intended to offset that exposure. When the underlying price falls, gains on a matched short can cushion the loss on the backing asset.

A price hedge leaves other risks. Funding rates can turn negative, making some hedges costly to hold. Custody and trading counterparties can also affect the strategy. USDe and its staked form, sUSDe, serve different purposes in the protocol.

ENA is Ethena’s governance token. The ENA price reflects the market for that token. To track how USDe is trading or compare its supply with other dollar tokens, use the stablecoin dashboard.