Buy Ethena.

Purchase ENA in a few taps. Buy with a credit, debit card or bank transfer.

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1 ENA0.493 USD *
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Ethena (ENA) price performance.

The current Ethena price is $0.49 as in the last 24 hours its value has changed by -0.59%. Ethena ranks number 49 in terms of market capitalization. Ethena is a decentralized currency, which means you can buy, sell, and exchange it without having to rely on traditional monetary systems.

What is Ethena (ENA)?

Ethena (ENA) is the governance token of the Ethena protocol, a decentralized synthetic dollar platform built on Ethereum. Its primary objective is to offer a stable, censorship-resistant digital dollar — USDe — that operates independently of traditional banking infrastructure. Ethena achieves this stability by using a delta-neutral strategy, combining derivatives and collateralized crypto assets to maintain USDe’s peg without relying on fiat reserves.

ENA plays a central role in this system. As the protocol's native governance asset, ENA enables holders to vote on proposed changes to Ethena’s parameters, such as risk management strategies and incentive distributions. This gives the community direct influence over the protocol's development and resilience.

The circulating supply of ENA currently stands at 6354687500, with a total supply of 15000000000 and a maximum supply capped at . The token is trading at 0.492608, contributing to a market capitalization of 3139881728. ENA reached its all-time high of 1.52 on 2024-04-11T13:15:15.057Z.

Ethena's approach addresses a long-standing challenge in the crypto space: how to create a scalable, decentralized stablecoin that isn’t vulnerable to centralized custodians or regulatory shutdowns. By using crypto-native instruments like perpetual futures and staking yields, Ethena generates a synthetic dollar that can be both capital-efficient and resistant to censorship.

Investors and users may view the Ethena token as a way to participate in the governance and ongoing development of the stablecoin’s infrastructure. ENA is used in shaping the monetary policy of USDe, functioning as a governance asset with utility in determining the protocol’s future parameters.

As synthetic assets and stablecoins are developed within decentralized finance (DeFi), Ethena introduces a model with an emphasis on stability and protocol-level autonomy.

You can buy Ethena using your credit or debit card on Nexo, or select another supported payment method for access.

Optimize the value of your Ethena.

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Swap assets for ENA with fixed price execution on Nexo’s crypto exchange.

Credit Line

Borrow funds from 2.9% interest without selling any of your Ethena.

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Send Ethena

Make free Ethena transfers to your family or friends as long as they have a Nexo account.

Purchase ENA in 3 steps.

After verifying your account:

1. Select an asset

Click on the “Buy” button on your Dashboard and select the desired asset.

2. Enter an amount

Select the amount you want to buy and choose your payment method.

3. Complete the purchase

Preview your transaction details, and confirm the purchase. It's that easy!
Buy Ethena

Why choose Nexo to buy Ethena?

Buy seamlessly

Purchase ENA with card or bank transfer and get crypto cashback.

Optimal pricing

Get competitive rates across top 10 exchanges.

Peace of mind

Benefit from robust infrastructure built for long-term stability.

Earn Interest

Hit your long-term targets with up to 15% interest, while maintaining the value of your assets through consistent, compounding returns.

Find answers to all your questions about Ethena.

What is Ethena (ENA) coin?

Ethena is a decentralized protocol that aims to provide a crypto-native alternative to traditional banking infrastructure. Its native token, ENA, supports governance and coordination within the protocol. The platform offers a synthetic stablecoin called USDe, designed to maintain price stability without relying on fiat-backed reserves. Ethena uses on-chain derivatives and collateral strategies to support its stable asset system.

How does Ethena work?

Ethena combines collateralized crypto assets with short positions in ETH derivatives to maintain the value of USDe. This mechanism is known as a delta-neutral strategy, which aims to offset market volatility. The protocol is designed to offer scalable and censorship-resistant stablecoin infrastructure, with ENA used for governance and participation in system upgrades.

How to buy Ethena?

To buy ENA on Nexo:

  1. Log into your Nexo account
  2. Visit the Ethena page
  3. Choose your payment method
  4. Enter the amount and complete your transaction

You can purchase ENA using crypto, a card, or a supported bank transfer, depending on your location.

Where to buy Ethena crypto?

ENA is available on multiple exchanges. You can buy it directly on Nexo, where it’s listed and ready for purchase with flexible payment options.

What chain is Ethena on?

Ethena is built on the Ethereum blockchain. It leverages Ethereum’s smart contract capabilities to run its stablecoin protocol and governance system.

How to stake Ethena?

Ethena may offer staking mechanisms as part of its ecosystem. These are typically used to support protocol functions or governance participation. Availability depends on the platform you use and the latest updates from the Ethena team.

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