
EthenaENA#76B- rating
ETH based delta-neutral stablecoin
Price chart
LiveMarket data
Price change (multiple periods)
Exchange distribution
1 | ENA/USDTENA / USDT | $0.08093 | $85.16M | 42.77% | |
2 | ENA/USDTENA / USDT | $0.08107 | $13.76M | 6.91% | |
3 | ENA/USDTENA / USDT | $0.08094 | $10.89M | 5.47% | |
4 | ENA/USDTENA / USDT | $0.08389 | $5.44M | 2.73% | |
5 | ENA/USDTENA / USDT | $0.08913 | $5.29M | 2.66% | |
6 | ENA/USDTENA / USDT | $0.08995 | $5.11M | 2.56% | |
7 | ENA/USDTENA / USDT | $0.08975 | $5M | 2.51% | |
8 | ENA/USDTENA / USDT | $0.08331 | $4.49M | 2.25% | |
9 | ENA/USDTENA / USDT | $0.08163 | $4.15M | 2.08% | |
10 | ENA/USDTENA / USDT | $0.08792 | $4.03M | 2.02% | |
11 | ENA/USDTENA / USDT | $0.0832 | $3.78M | 1.90% | |
12 | ENA/USDTENA / USDT | $0.08815 | $3.19M | 1.60% | |
13 | ENA/USDTENA / USDT | $0.08154 | $3M | 1.51% | |
14 | ENA/USDTENA / USDT | $0.08213 | $2.82M | 1.41% | |
15 | ENA/USDTENA / USDT | $0.08181 | $2.79M | 1.40% | |
16 | ENA/USDTENA / USDT | $0.09231 | $2.74M | 1.38% | |
17 | ENA/USDTENA / USDT | $0.09263 | $2.46M | 1.24% | |
18 | ENA/USDTENA / USDT | $0.1264 | $2.14M | 1.08% | |
19 | ENA/USDCENA / USDC | $0.08256 | $2.01M | 1.01% | |
20 | ENA/USDTENA / USDT | $0.08203 | $1.89M | 0.95% |
AI investment view
Based on historical content analysisBull case4
Strategic cooperation with asset management giants—Traditional asset management giant Janus Henderson strategically invested in ENA and included USDe in reserves, planning to launch compliant ETFs in 2026, greatly boosting expectations for institutional compliance.
Locked positions remain high—Despite the significant price correction, Ethena's total locked value remains as high as $4.48 billion, demonstrating that its synthetic dollar protocol still has strong capital absorption capabilities in the decentralized finance market.
Endorsed by top institutions—Received investments from top institutions such as Dragonfly, Binance Labs, and Pantera, with a team governance score as high as 94.82, showing significant advantages in project governance and resource matchmaking.
Prices are at historic lows—The current price is about $0.0788, down 94.8% from the all-time high of $1.52, indicating some downside potential and technical demand for an oversold rebound.
Bear case4
The downward trend in prices is evident—Prices have fallen 40.4% over the past 30 days and 60.6% over the past year, with prices under pressure and near historical lows, indicating severe short-term bullish momentum.
Roadmap delivery delays—The rating report shows its roadmap delivery score is only 30.00, indicating clear shortcomings in technology development and execution efficiency of the established roadmap, which may affect market confidence.
Institutional chip reallocation—Recently, Multicoin Capital transferred 56.116 million ENA (about $5.28 million) to institutions such as Galaxy Digital, and frequent transfers of large tokens may pose potential selling pressure risks.
Derivatives market risk—USDe relies on a hedging mechanism between Ethereum staked assets and short futures positions. In extreme unilateral market conditions or negative fee environments, protocols may face the risk of narrowing basis and liquidation.
WOOFUN Rating
Overall score 65.3 / 100
Ethena has an overall rating B-f B (total 63.7), ranking high in team governance, market ecosystem, and economic model across six dimensions. The main points of deduction are roadmap delivery (30 points)—mainly affected by development continuity (0 points), development heat trends (0 points), and other sub-items. Rating Team Conclusion: "Ethena has relative advantages in team governance, market ecosystem, and economic model, but its current shortcomings are concentrated in roadmap delivery." " It is recommended to allocate moderate positions and continuously track subsequent improvements in weak area dimensions.
View Full Rating ReportPeer comparison
DECENTRALIZED-FINANCE-DEFI peer assets| Metric | EthenaThis coin | HyperliquidHYPE | RainRAIN | ChainlinkLINK |
|---|---|---|---|---|
| 当前价格 | $0.08126 | $55.01 | $0.01372 | $8.45 |
| 市值 | $776.82M | $12.23B | $9.53B | $6.32B |
| 市值排名 | #76 | #10 | #13 | #18 |
| 24H 涨跌 | -2.99% | -0.14% | +0.74% | +1.89% |
| 7D 涨跌 | +6.60% | -3.79% | -1.34% | +1.00% |
| 共识机制 | -- | -- | -- | -- |
| 最大供应 | 15B | 1B | 1.15T | 1B |
| WOOFUN 评级 | B- (65.27) | -- | E+ (18.74) | D+ (37.55) |
| ETF 状态 | -- | -- | -- | -- |
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