Overview
Ethena(ENA)
Token Price$0.19-3.48%over 24h
All Time HighApr 11, 2024$1.52
All Time LowJun 30, 2026$0.07
Key Metrics
Market Cap$2.547b
Fully Diluted Valuation$2.85b
Circ. Supply13.406b ENA
Max Supply15b ENA
Outstanding FDV$2.535b
Volume 24h$538.49m
CEX$502.18m
Spot$128.57m
USD Perp$373.61m
COIN Perp$0
DEX$36.3m
Spot$512,793
USD Perp$35.79m
COIN Perp$0
Open Interest$361.44m
CEX$305.13m
USD Perp$305.13m
COIN PerpN/A
DEX$56.31m
USD Perp$56.31m
COIN PerpN/A
Total Raised$166m
Seed · Jul 17, 2023$6m
Strategic · Feb 16, 2024$14m
Private · Mar 8, 2024Undisclosed
Private · Feb 24, 2025$100m
Strategic · Feb 26, 2025$16m
Strategic · Sep 30, 2025$30m
Strategic · Jun 9, 2026Undisclosed
Token information
Issued by:Ethena
Income statement for ENA
Include incomes from Ethena

| Q4 2026* | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $12.02M | $53.55M | $51.6M | $65.11M | $96.16M | $151.08M | $48.73M | $88.69M | $125.89M | $27.75M | $51.03M | $208.68M | $85.19M |
| Mint Fees | $47.32K | $79.74K | $1.11M | $655.42K | $463.26K | $10.18M | $1.39M | $739.81K | $3.62M | $84.3K | $2.42M | $197.07M | $85.19M |
| Reserve Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.19M | $1.03M | $14.11M | $11.61M | $0 |
| sUSDe Staking Rewards | $2.18M | $18.91M | $23.17M | $35.41M | $50.44M | $87.28M | $31.88M | $73.34M | $102.67M | $26.64M | $34.5M | $509 | $0 |
| Extra Rewards | $3.2M | $16.92M | $19.57M | $18.13M | $34.73M | $38.49M | $15.45M | $14.61M | $16.41M | $0 | $0 | $0 | $0 |
| Aave Liquidation Fees | $6.58M | $17.64M | $7.76M | $10.91M | $10.52M | $15.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Cost of Revenue | $11.97M | $53.47M | $50.5M | $64.45M | $95.7M | $140.9M | $47.34M | $87.95M | $119.08M | $26.64M | $34.5M | $509 | $0 |
| sUSDe Staking Rewards | $2.18M | $18.91M | $23.17M | $35.41M | $50.44M | $87.28M | $31.88M | $73.34M | $102.67M | $26.64M | $34.5M | $509 | $0 |
| Extra Rewards | $3.2M | $16.92M | $19.57M | $18.13M | $34.73M | $38.49M | $15.45M | $14.61M | $16.41M | $0 | $0 | $0 | $0 |
| Aave Liquidation Fees | $6.58M | $17.64M | $7.76M | $10.91M | $10.52M | $15.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Gross Profit | $47.32K | $79.74K | $1.11M | $655.42K | $463.26K | $10.18M | $1.39M | $739.81K | $6.82M | $1.11M | $16.53M | $208.68M | $85.19M |
| Mint Fees | $47.32K | $79.74K | $1.11M | $655.42K | $463.26K | $10.18M | $1.39M | $739.81K | $3.62M | $84.3K | $2.42M | $197.07M | $85.19M |
| Reserve Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.19M | $1.03M | $14.11M | $11.61M | $0 |
Earnings | $47.32K | $79.74K | $1.11M | $655.42K | $463.26K | $10.18M | $1.39M | $739.81K | $6.82M | $1.11M | $16.53M | $208.68M | $85.19M |
Markets
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Token rights and value accrual
Updated Sep 3, 2026
Utility
StakingEthena
ENAsENAUSDesUSDePrimary Value Accrual
Protocol Revenue Share
Value accrues through ecosystem airdrops to sENA holders and revenue directed to sUSDe holders
Governance
ENAsENATreasury
N/ARevenue
N/AFee Switch
OnBuybacks
NoneDividends
sENAsUSDeBurns
NoneEquity Rev. Capture
NoFundraising
EquityEntities
DAOLabs (Equity)FoundationToken Usage
Token usage needs a subscription
Unlocks
Token unlocks need a subscription
Yields
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