Ethena
USD
ENA / USD

Ethena to Amerikanske dollar calculator — live exchange rate

See how much Ethena is worth in Amerikanske dollar right now. Calculate any amount, compare exchange rates and decide with up-to-date ENA/USD market data.

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Ethena
1 ENA=

Orientative market price. Actual rate may vary due to fees and spread.

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EthenatilUSD— Markedsdata

$0.0859+3,50%7d: +2,07%

Markedsverdi

$823,06M

24 timers volum

$123,58M

Maks tilførsel

15B

Sirkulerende forsyning

15B

Type

currency

The price of Ethena is rising

The value of Ethena is $0.0859. That means, to purchase 5 ENA, you will need to pay $0.4294. On the other hand, with $1.00, you can buy a total of 11,64314401 ENA, while $50.00 would allow you to make an acquisition of 582,15720061 ENA.

In the last 7 days, the price of Ethena has increased by +2,07%. Meanwhile, in the last 24 hours, the price has changed by +3,50%.

Convert ENA to USD

Amount21.07.2026, 15:51
0.5 ENA$0.0429
1 ENA$0.0859
2 ENA$0.1718
5 ENA$0.4294
10 ENA$0.8589
50 ENA$4.29
100 ENA$8.59
500 ENA$42.94
1000 ENA$85.89

Convert USD to ENA

Amount21.07.2026, 15:51
$0.50005,82157201 ENA
$1.0011,64314401 ENA
$2.0023,28628802 ENA
$5.0058,21572006 ENA
$10.00116,43144012 ENA
$50.00582,15720061 ENA
$100.001 164,31440121 ENA
$500.005 821,57200606 ENA
$1,000.0011 643,14401212 ENA

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What is Ethena?

Ethena (ENA) er verdt$0.0859iUSD (USD) med en 24-timers endring av+3,50%. 24 timers volum:$123,58M. Konvertere$100.00til ca1 164,31440121 ENA ENAmed gjeldende kurs.rangert som nr.42globalt etter markedsverdi.

Ethena is a synthetic dollar protocol built on Ethereum that will provide a cryptocurrency solution for money that does not rely on traditional banking system infrastructure, along with a globally accessible dollar-denominated savings instrument: the “Internet Bonus”.

For dollaroppgjør,$100.00lik ca1 164,31440121 ENA ENAved strømmenENA/USDsats. USD

Ethena at a glance

USDe: a "synthetic dollar," not a bank-backed stablecoin

Ethena's core product is USDe, a "synthetic dollar" that aims to hold a dollar peg without being backed by dollars in a bank, unlike stablecoins such as USDT or USDC. Its stability is achieved through a financial strategy (delta-neutral), not cash reserves, which makes it a different model with risks of its own.

The delta-neutral strategy that holds the peg

Ethena holds the peg by combining a spot position in crypto (such as staked ETH or BTC) with an equivalent short position in perpetual futures: if the asset's price rises, the short's loss is offset by the spot gain, and vice versa. That "delta-neutral" balance cancels price exposure and is what sustains the value of USDe.

The yield of sUSDe and the negative-funding risk

Staking USDe gives you sUSDe, which distributes the strategy's yield: it comes mainly from the "funding" that long traders pay to shorts in the perpetuals, plus staking of the spot leg. The inherent risk of this design is that, in prolonged bear markets, that funding can turn negative and the yield can fall to zero or below, which pressures the model. The price is volatile and this is not advice.

Calculator, converter and live Ethena/Amerikanske dollar rate

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Frequently asked questions about the Ethena calculator

USDe is backed by a financial strategy, not by cash in a bank: Ethena holds spot crypto (such as staked ETH or BTC) and, at the same time, equivalent short positions in perpetual futures. That "delta-neutral" combination hedges the collateral's price swings and is what lets it try to hold a $1 value.

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