Gate News Report, March 26 — According to Gate Market Data, as of press time, ENA (Ethena) is trading at $0.10898, up 14.98% in the past 24 hours. The highest price reached $0.10973, and the lowest dropped to $0.09394. The 24-hour trading volume is $3.0928 million. The current market cap is approximately $925 million, ranking 80th.
Ethena is a synthetic dollar protocol based on Ethereum, providing a crypto-native solution for currencies that do not rely on traditional banking infrastructure. It also offers a globally accessible USD-denominated savings tool called “Internet Bonds.” Currently, Ethena has launched two main products: USDe and sUSDe. USDe has a supply of $590 million, and sUSDe offers a 3.5% APY yield. The protocol has over 937,000 users and is deployed on 24 blockchain networks. Ethena collaborates deeply with major DeFi protocols and exchanges such as Aave and Morpho, providing users with diverse application scenarios and earning opportunities.
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