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Logo of EthenaEthena(ENA)
Total Value Locked$4.863b

TVL by Chain

Ethereum$4.859b

TON$3.76m

Key Metrics

Fees (Annualized)$366.46m
Fees 30d$18.51m

Ethereum$18.51m

Fees 7d$4.51m

Ethereum$4.51m

Fees 24h$3.32m

Ethereum$3.32m

Cumulative Fees$997.2m

Ethereum$997.2m

Revenue (Annualized)$12.39m
Revenue 30d$200,328

Ethereum$200,328

Revenue 7d$22,228

Ethereum$22,228

Revenue 24h$3,554

Ethereum$3,554

Cumulative Revenue$332.85m

Ethereum$332.85m

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$12.39m

Earnings 30d$200,328

Earnings 7d$22,228

Earnings 24h$3,554

Cumulative Earnings$332.85m

Market Cap$821.24m

$ENA Price$0.088

All Time High$1.52

All Time Low$0.07

Fully Diluted Valuation$1.325b

Outstanding FDV$1.148b

$ENA Volume 24h$169.63m

CEX Volume$93.95m

DEX Volume$168.3m(99.22% of total)

$ENA Liquidity$20.46m

Uniswap V3$20.2m

Aerodrome Slipstream$260,794

Total Raised$166m

Jul 17, 2023$6mRound: SeedInvestors: Dragonfly Capital, Maelstrom, Deribit, Bybit, Mirana Ventures, OKX Ventures, BitMEX, Gemini, Lightspeed Faction, Huobi Ventures, Nascent, BlockTower Capital, Delphi Digital, Wintermute Ventures, GSR, CMT Digital, Tangent, Finality Capital Partners, No Limit Holdings, Cobie, Anthony Sassano, Julian Koh, Jai Prasad

Feb 16, 2024$14mRound: Strategic Investors: Dragonfly Capital, Maelstrom

Mar 8, 2024Round: PrivateInvestors: Binance Labs

Feb 24, 2025$100mRound: PrivateInvestors: Franklin Templeton Investments, Pantera Capital, Polychain Capital, Dragonfly Capital, STIX, F-Prime Capital

Feb 26, 2025$16mRound: StrategicInvestors: MEXC Ventures

Sep 30, 2025$30mRound: StrategicInvestors: MEXC Ventures

Jun 9, 2026Round: StrategicInvestors: Janus Henderson Investors

Protocol Information

Ethena is a synthetic dollar protocol built on Ethereum

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users

Yields

Pools Tracked1

Average APY3.54%