Buy Ethena.
Purchase ENA in a few taps. Buy with a credit, debit card or bank transfer.
Purchase ENA in a few taps. Buy with a credit, debit card or bank transfer.
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 6087500000, with a total supply of 15000000000 and a maximum supply capped at . The token is trading at 0.274281, contributing to a market capitalization of 1669317360. 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.
Swap assets for ENA with fixed price execution on Nexo’s crypto exchange.
Borrow funds from 2.9% interest without selling any of your Ethena.
Spend your funds on Credit and Debit Mode from a single card and earn interest on your spendable balance.
Make free Ethena transfers to your family or friends as long as they have a Nexo account.
You can buy Ethena directly with a credit or debit card, as well as cards connected to your Apple Pay or Google Pay.
To learn more about how to buy Ethena via card, visit our dedicated Help Center article.
You can top up funds from your local bank via a bank transfer. EUR and GBP transfers arrive quickly, while USD wires generally take up to 2 business days to be reflected in your account.
Once your funds arrive, simply go to the Exchange tab inside the Nexo app and swap them for the amount of ENA you want.
To start receiving crypto cashback on ENA purchases, your account balance needs to be above $5,000 worth of digital assets. The specific amount you receive depends on your Loyalty Tier.
To get the maximum crypto cashback amount, maintain an account balance above $5,000 worth of digital assets and join the Platinum Loyalty Tier by holding at least 10% of NEXO Tokens against the rest of your portfolio.
To find out the exact reward rates for each tier, visit our Help Center.
We use multiple custodians including Ledger Vault, Fireblocks, and others, to diversify our custodial infrastructure. Along with that we offer:
You can learn more about our fundamentals here.
