Ethena (ENA) Price

Rank #42 by market cap

$0.165193 4,242 ₫ +2.93% 24h

Price movement, last 7 days

Market capitalisation $2.23B

24-hour volume $334.69M

1-hour change -0.39%

7-day change -12.01%

Circulating supply 13,500,000,000 ENA

Total supply 15,000,000,000 ENA

Max supply 15,000,000,000 ENA

All-time high $1.52 (11 Apr 2024)

90.0% of the maximum supply is in circulation.

What is Ethena?

Ethena issues USDe, a dollar-pegged asset whose mechanism differs sharply from a conventional stablecoin. Rather than holding cash reserves, Ethena holds crypto assets while opening matching short positions in derivatives markets, so the two sides offset and value stays stable.

The mechanism also generates yield from funding-rate differentials in derivatives markets, which is its main draw.

Risks to weigh: this is a complex product, not a cash-backed stablecoin. Yield depends on derivatives-market conditions — when funding rates turn negative for a sustained period, the mechanism comes under pressure. The model also relies on centralised derivatives venues where the hedges sit. Buyers should understand how USDe differs from cash-backed stablecoins before participating.

Where to buy ENA in Vietnam

Since 1 September 2026, investors in Vietnam must trade crypto assets through providers licensed by the Ministry of Finance. Current licensing status is below.

Sàn	Pháp nhân	Hậu thuẫn	Trạng thái	Đăng ký
CAEX	Công ty CP Sàn giao dịch tài sản mã hóa Việt Nam Thịnh Vượng	VPBank / VPBankS, OKX Ventures, HashKey Capital	Hồ sơ hợp lệ, chờ cấp phép	Chưa mở
TCEX	Công ty CP Sàn giao dịch tài sản mã hóa Techcom	Chủ tịch Nguyễn Xuân Minh (89%), TCBS - Techcombank Securities (9,9%), QLQ Kỳ Thương (1,1%)	Hồ sơ hợp lệ, chờ cấp phép	Chưa mở
VIXEX	Công ty CP Sàn giao dịch tài sản mã hóa VIX	FTG Việt Nam (64,5%), Chứng khoán VIX (15%), Công ty CNTT 3C (20,5%)	Hồ sơ hợp lệ, chờ cấp phép	Chưa mở
SCEX	Công ty CP Sàn giao dịch tài sản mã hóa Lộc Phát Việt Nam (tiền thân: LPEX)	Tiền thân LPEX; cổ đông cá nhân (theo Coin68, chưa xác nhận liên kết ngân hàng)	Hồ sơ hợp lệ, chờ cấp phép	Chưa mở
VN Digital	Công ty CP Dịch vụ Tài sản số Việt Nam	Sun Group	Hồ sơ hợp lệ, chờ cấp phép	Chưa mở

Thông tin kiểm tra lần cuối: 23/09/2026.

Tax on transferring ENA

Individuals pay 0.1% personal income tax on each transfer, calculated on the transfer value rather than on profit. You can estimate it with the tax calculator.

Data updated at 18:00, 6 Nov 2026. Source: CoinGecko.

Reference price only; it may differ from execution prices on individual exchanges. This content is informational and is not investment advice.

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