Ethena (ENA) is a cryptocurrency that has gained prominence in the market since its launch in April 2024. Developed by Ethena Labs, ENA acts as the protocol's governance token, allowing its holders to participate in the platform's strategic decisions.

Ethena Labs also introduced the USDe stablecoin, a synthetic dollar designed to provide a crypto-native solution that operates independently of traditional banking infrastructure. USDe is backed by assets such as Ethereum (ETH) and staked Ethereum, using delta hedging strategies to maintain its peg to the US dollar. This approach aims to ensure stability and reliability in the volatile cryptocurrency market.

Since its launch, ENA has shown significant appreciation. In April 2024, the token was trading at $0.95, registering a 45.4% increase in the first 24 hours. In December 2024, ENA reached a value of $1,076, solidifying its position among the top 60 cryptocurrencies by market capitalization.

ENA is available for trading on several exchanges, including Binance, Gate.io, Bybit, and Bitunix, with the ENA/USDT pair being the most active. ENA’s daily trading volume exceeds $1 billion, reflecting its growing interest among investors.

To securely store ENA, it is recommended to use wallets compatible with ERC-20 tokens, such as MetaMask, or hardware wallets, which offer greater protection against cyber threats.

Before investing in ENA or any cryptocurrency, it is essential to conduct thorough research and consider the associated risks, given the inherent volatility of the digital asset market.