Ethena

Ethena
ENA
Contract address
0x57e1...1e6061
Copy ENA contract address
$0.0799
-$0.000771(-0.96%)Today
Market cap
764.18m
Total volume (24h)
75.47m
Volume / Market cap
0.0988
Circulating supply
9.56bn
Day range (24h)
$0.0795$0.0822
All-time low
$0.0703
All-time high
$1.52

About Ethena (ENA)

Ethena (ENA) is a decentralized cryptocurrency. Today, 12 July 2026 23:41 UTC, ENA is currently trading at $0.08 with a market cap of $764,176,681 and 24h volume of $75,469,703.

The all-time high of Ethena was $1.52 and the all-time low was $0.07.

You can buy, sell, manage, and trade ENA directly in MetaMask.

Price history

Today (12 July 2026)$0.0799-0.96%
24 hours ago (11 July 2026)$0.0807-0.96%
1 week ago (5 July 2026)$0.0804-0.60%
1 month ago (12 June 2026)$0.0787+1.57%
1 year ago (12 July 2025)$0.322-75.18%

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ENA market moves

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24h change: -0.63%. From $0.0819 to $0.0814.

  • Blackrock integrated Ethena's USDe into its Aladdin risk management platform overseeing trillions in assets. This follows Coinbase Ventures purchasing ENA on the open market and partnering for on-chain savings products. Janus Henderson also took an ENA position to explore regulated products tied to the ecosystem. These developments highlight growing institutional interest in synthetic dollar yield opportunities.
  • Ethena made minting and redeeming USDe with USDC free for all onboarded whitelisted users to reduce secondary market leakage and improve access. The protocol embedded USDe across Binance for over 280 million users and launched liquid leverage on Aave with promotional rewards near 12 percent APY. USDe supply stands at $4.7 billion with consistent backing above 100 percent and integrations across Morpho, Pendle, and Hyperliquid.
  • ENA trades near $0.08 after significant declines from its all-time high near $1.52. The next token unlock of approximately 40.6 million ENA for the foundation is scheduled for early August 2026. Despite token price pressure, protocol metrics remain robust with USDe supply at $4.7 billion and average sUSDe yields of 11 percent.

24h change: +3.93%. From $0.079 to $0.0821.

  • Blackrock integrated Ethena's USDe into its Aladdin risk management platform used by institutions overseeing trillions in assets. The partnership includes a $100 million liquidity facility tied to Blackrock's tokenized BUIDL fund and follows investments and collaborations with Coinbase Ventures and Janus Henderson. These developments increase visibility and potential adoption of USDe among traditional finance players. It matters because bridging decentralized yield products with institutional infrastructure could drive sustained growth in Ethena's ecosystem.
  • The risk committee confirmed that benchmarks including USDe supply above $6 billion and cumulative protocol revenue near $250 million have been achieved. Activation of the fee switch would route a portion of protocol earnings to open market ENA buybacks and rewards for stakers. Final parameters and safeguards remain under review ahead of a community governance vote expected in the coming months. This structure aims to align incentives and provide sustainable value accrual for ENA holders.
  • Ethena launched HyENA, a USDe-margined perpetuals exchange on Hyperliquid, and introduced Liquid Leverage on Aave offering promotional yields near 12 percent APY. The protocol also embedded USDe across Binance for its large user base including futures collateral and earn products. These moves increase utility for the synthetic dollar in trading, lending, and yield strategies while maintaining high transparency with over 100 percent backing. They matter for scaling on-chain dollar liquidity and protocol revenue.

24h change: +3.85%. From $0.0761 to $0.0791.

  • One week after the Robinhood Crypto Earn launch, Ethena products account for more than 70 percent of asset allocations from user deposits. USDe deposits on Morpho have expanded rapidly to over $323 million across Base and Robinhood Chain in under four weeks. These figures point to successful integration with brokerage and decentralized finance platforms. The expansion increases the availability of yield-generating products like USDe and sUSDe to everyday users.
  • BlackRock has integrated Ethena's USDe into its Aladdin risk management platform, which supports around $25 trillion in assets under management. The partnership designates BlackRock's BUIDL tokenized fund as primary backing for certain Ethena white-label products and establishes a $100 million liquidity facility. This builds on prior collaborations with firms including Coinbase and Securitize. The announcement led to an approximately 8-10 percent rise in ENA at the time.
  • Ethena updated its mint and redeem fee schedule so that all onboarded whitelisted users can now swap USDC for USDe at zero cost. The change is designed to reduce value leakage on secondary markets and simplify access. Specific looping strategies on Coinbase and Robinhood Chain vaults are also now fee-free. These adjustments respond to user feedback and aim to support continued growth in USDe usage across integrations.

24h change: +3.83%. From $0.0735 to $0.0763.

  • BlackRock has integrated Ethena's USDe into its Aladdin risk management platform, which oversees around $23 trillion in assets under management. The partnership includes creation of a $100 million liquidity facility tied to BlackRock's tokenized money market fund BUIDL. This builds on earlier moves by Coinbase Ventures, which purchased ENA and announced a savings product integration, and Janus Henderson's strategic investment in ENA with plans for regulated products. These developments bring traditional finance infrastructure to Ethena's synthetic dollar and yield products.
  • A custody wallet linked to the ENA Treasury Company and StablecoinX transferred 1.232 billion ENA tokens valued at roughly $94 million to another address. This activity occurs alongside scheduled token unlocks and the formation of a public company aimed at ENA accumulation. On-chain metrics show USDe supply has contracted from prior peaks but maintains stable redemption buffers and liquidity across multiple chains. Traders are monitoring these flows for signals about supply pressure and potential institutional accumulation.
  • Ethena Foundation is promoting its Community DAO Launchpad tied to ENA Treasury Crates Season 1. Users registering receive an additional points multiplier of up to 1.75x to maximize earnings and rewards. This initiative aligns with ongoing governance updates published throughout 2026 that cover risk committee elections, reserve fund status, and yield metrics. The program aims to increase community participation as the protocol manages USDe supply contraction and yield environment changes.

24h change: -5.36%. From $0.0777 to $0.0735.

  • Blackrock integrated Ethena's USDe synthetic dollar into its Aladdin platform, which supports institutions managing over $20 trillion in assets. Coinbase's High Yield vault, backed by USDe, crossed $200 million in TVL within one month of launch. Robinhood selected USDe as primary collateral for its first in-app crypto earn product on Robinhood Chain. These moves highlight the appeal of Ethena's delta-neutral, yield-bearing design to both institutional and retail finance platforms. Recent news coverage and X discussions reflect this expansion as a central theme.
  • Ethena completed its July 2026 token unlock on July 4, releasing approximately 172 million ENA. Further unlocks are set for August 2026, distributing tokens to the foundation, core contributors and investors. These releases follow the project's predetermined vesting schedule totaling up to 15 billion ENA maximum supply. Ecosystem metrics such as USDe supply growth and TVL have shown resilience alongside the unlocks. Dedicated unlock trackers and market data platforms regularly cover this as an ongoing process.
  • Asset manager Janus Henderson took a position in ENA and plans to use staked USDe for treasury cash management. This adds to prior ties with Anchorage Digital and Securitize. Combined with the BlackRock and Coinbase developments, these partnerships expand distribution of Ethena's products. News reports note corresponding short-term price movements in ENA following announcements. Coverage appears across financial and crypto media outlets.

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