Ethena (ENA) is a decentralized synthetic dollar protocol built on the Ethereum network. The ENA token serves as the governance token within the Ethena ecosystem and is used for staking, incentives, and voting on protocol changes.
In the past 24 hours, ENA has surged by 9.64%, making it one of the day’s top-performing assets.
A major U.S.-based crypto exchange recently added Ethena (ENA) to its roadmap of assets with listing potential, which may have contributed to the token’s price increase.