Ethena (ENA)
Emissora do USDe — o 'dólar sintético' que rende do basis trade (short perp contra spot).
FM on-chain score
-11neutral
proprietary read · up to 24h delayedlive score in the terminal →
- liquidações atingindo mais os vendidos — combustível de alta
- smart money 76% vendida
A synthesis of derivatives, on-chain flow, smart money and social into one number from −100 to +100. Not financial advice — see the methodology.
Competes with
revenue 30d · public data up to 24h delayed
Sky
$13.39MP/F 8.4×
Uniswap
$7.34MP/F 72.8×
Ethena
$55,408.42P/F 1,303×
Market
Daily snapshot · data up to 24h delayedPrice
$0.206359
24h
+1.60%
Market cap
$2.77B
24h volume
$488.82M
Derivatives
data up to 24h delayedFunding APR · 18 exch.
+3.85%
Taker buy pressure
48.0%
CVD (cum. delta)
−$371.28M
Open interest
$620.55M
Fundamentals
data up to 24h delayedRevenue 30d
$55,408.42
Revenue 12m
$2.00M
TVL
$5.02B
Mcap / annual revenue
1386.4×
Full written thesis available in Portuguese for now — all data above is global.
Fundamental analysis
on the Financial Move blog · in PortugueseEthena (ENA): Vale a Pena? Análise Completa
O Ethena (ENA) é um protocolo DeFi construído no Ethereum que revolucionou o mercado de stablecoins ao criar o USDe — um dólar sintético que mantém paridade com o USD através de estratégias de delta-hedging, sem depender de reservas bancárias tradicionais. Em menos de 500 dias desde o lançamento, o USDe alcançou US$…
Tasso Lagoupdated May 01, 2026Read the full analysis →