Ethena (ENA) is a crypto-based synthetic dollar protocol built on Ethereum, independent of traditional banking systems. It also offers a financial product called "Internet Bond," providing globally accessible, dollar-denominated savings opportunities.
ENA, up 16.21% in the last 24 hours and at the time of writing, is among today's top-performing assets.
ENA's recent surge could be driven by Ethena's recent announcement of a new partnership and a planned $260 million buyback.
