EthenaENA#76B- rating

Ethereum Mainnet

ETH based delta-neutral stablecoin

$0.08126
↓ -$0.002505 · -2.99% (24H)
市值$776.82M占比 0.03%
FDV$1.22B15B 上限
24H 成交量$103.23M
流通量9,560,937,50063.7% mined
ATH$1.52距 -94.64%
01

Price chart

Live
O $0.08385H $0.08637L $0.07933C $0.08168.40%
Volume · ENA 100.12
100.12
24H high$0.08637
24H low$0.07933
Open price$0.08385
Amplitude8.40%
02

Market data

Market cap$776.82M
Fully diluted valuation$1.22B
24H volume$103.23M
7D volume$709.72M
Circulating supply9,560,937,500
Max supply15B
Mined ratio63.74%
Next halving--
Market cap rank#76
Market share0.03%
All-time high$1.52
All-time low$0.07028

Price change (multiple periods)

1H+1.75%
24H-2.99%
7D+6.60%
14D-1.75%
30D+1.66%
90D-19.21%
YTD-56.13%
1Y-87.28%
04

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%
05

AI investment view

Based on historical content analysis

Bull case4

Strategic cooperation with asset management giantsTraditional 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 highDespite 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 institutionsReceived 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 lowsThe 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.

Source: news + cryptorank + local_market + token_rating

Bear case4

The downward trend in prices is evidentPrices 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 delaysThe 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 reallocationRecently, 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 riskUSDe 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.

Source: local_market + token_rating + news + cryptorank
06

WOOFUN Rating

B-

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 Report
Roadmap30 / 100F
Team94.8 / 100A
Market81.7 / 100B-
Tokenomics62 / 100D-
Security58.3 / 100E+
07

Peer comparison

DECENTRALIZED-FINANCE-DEFI peer assets
MetricEthenaThis coinHyperliquidHYPERainRAINChainlinkLINK
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15B1B1.15T1B
WOOFUN 评级B- (65.27)--E+ (18.74)D+ (37.55)
ETF 状态--------
08

News Updates

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