As of December 8, 2024, Ethena (ENA) is trading at approximately $1.03 USD, with a 24-hour trading volume of around $448.9 million USD. The token has experienced a slight decline of 0.35% in the past 24 hours.
In recent developments, Ethena's synthetic dollar, USDe, has become the third-largest stablecoin, driven by high-yield demand. Additionally, Ethena has partnered with Derive to enhance its DeFi trading offerings.
These strategic moves indicate Ethena's commitment to expanding its ecosystem and adapting to the evolving decentralized finance landscape.