Ethena (ENA)

Total Value Locked$7.413b

TVL by Chain

Ethereum$7.39b

TON$22.94m

Key Metrics

Fees (Annualized)$378.17m

Fees 30d$31m

Fees 7d$12.25m

Fees 24h$149,378

Cumulative Fees$422.7m

Revenue (Annualized)$20.32m

Revenue 30d$1.67m

Revenue 7d$1.2m

Revenue 24h$149,378

Cumulative Revenue$90.16m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$20.32m

Earnings 30d$1.67m

Earnings 7d$1.2m

Earnings 24h$149,378

Cumulative Earnings$90.16m

Market Cap$3.649b

$ENA Price$0.57

All Time High$1.52

All Time Low$0.2

Fully Diluted Valuation$8.614b

$ENA Volume 24h$2.22b

CEX Volume$1.083b

DEX Volume$365.75m(16.48% of total)

$ENA Liquidity$15.98m

Uniswap V3$15.98m

Protocol Information

Ethena is a synthetic dollar protocol built on Ethereum

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees: Staking rewards + yield distribution + mint fees + extra feesView code on GitHubRevenue: Mint Fees and staking rewards portion to Reserve FundView code on GitHub

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users

Yields

Pools Tracked1

Average APY10.28%

View all Yields

Development Activity

Updated at Jun 12, 2025

Weekly commits22

Monthly commits22

Weekly developers5

Monthly developers5

Last commit12/06/25 (a month ago)

Income Statement for Ethena

Q3 2025*Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Fees$27.8m$46.53m$95.67m$145.54m$27.68m$55.11m$24.28m$84,309
Revenue$1.65m$1.82m$7.92m$26.96m$1.05m$26.39m$24.28m$84,309
Earnings$1.65m$1.82m$7.92m$26.96m$1.05m$26.39m$24.28m$84,309