Ethena ENA
Rank #50 defi
Supply release: when does the rest arrive?
67% circulating33% of the maximum ENA supply has not been released yet.
The tokens that are not circulating are held by the project — typically team, investor, treasury and ecosystem allocations that unlock gradually on a vesting schedule. We do not publish per-coin unlock dates: the schedules are set by each project and revised often, and a stale unlock date is more misleading than none at all. Check the project's own tokenomics documentation before assuming when that supply arrives.
If every ENA that can ever exist were circulating at today's price, the market capitalisation would be about 1.5× what it is now.
Supply at a glance
About Ethena
Ethena issues USDe, a "synthetic dollar" that maintains its peg using hedged crypto positions rather than bank reserves — a yield-bearing but structurally riskier stablecoin design. ENA is the protocol's governance token.
Created by Guy Young (2023).
Ethena in context
Ethena trades 89% below its all-time high of A$2.32, set in April 2024. Over the past 90 days it has gained 103.8% in AUD terms, outperforming Bitcoin's +8.5% by 95.2 percentage points — one of the moves behind today's altcoin season index reading. Daily turnover runs at about 42.7% of its market value — heavily traded, so large orders move it less than the smaller coins.
Computed from our market records at build time — figures refresh with the daily rebuild.
12-month range (AUD)
today sits 13% of the way up the rangeThe supply maths: what would a price target mean?
full calculator →Market cap = price × circulating supply. With 10.10 billion ENA circulating, every dollar of ENA price is A$10.10B of market cap — so check what a target actually implies:
Where to buy Ethena in Australia
Ad disclosure: 'Buy' buttons are affiliate links*; order reflects our exchange scores. It never affects scores or rankings. How we make money
| Exchange | AUD pair | Instant-buy cost | Score | |
|---|---|---|---|---|
| Swyftx | ✓ ENA/AUD | 0.6% + spread | 8.7/10 | Buy on Swyftx* |
| CoinSpot | ✓ ENA/AUD | 1% + spread | 8.5/10 | Buy on CoinSpot* |
| Digital Surge | ✓ ENA/AUD | 0.5% | 7.7/10 | Buy on Digital Surge* |
FAQ
What is the Ethena (ENA) price in AUD right now?
The ENA price in AUD is about A$0.2458 as of our last data refresh — the price at the top of this page updates continuously from CoinGecko market data (every 10 minutes in production), quoted in Australian dollars first so there's no mental USD conversion. The converter above turns any ENA amount into AUD at the live rate.
How do I buy Ethena in Australia?
Ethena is listed on Swyftx, CoinSpot, Digital Surge with direct AUD pairs. Deposit AUD via PayID or bank transfer, then buy ENA — most platforms complete this in minutes after ID verification.
Is Ethena taxed in Australia?
Yes — the ATO treats Ethena as a CGT asset. Selling, swapping or spending it is a taxable event; holding over 12 months may qualify individuals for the 50% CGT discount. See our crypto tax guide.
When will the rest of the ENA supply be released?
33% of the maximum ENA supply has not been released yet. The tokens that are not circulating are held by the project — typically team, investor, treasury and ecosystem allocations that unlock gradually on a vesting schedule. We do not publish per-coin unlock dates: the schedules are set by each project and revised often, and a stale unlock date is more misleading than none at all. Check the project's own tokenomics documentation before assuming when that supply arrives.
Who created Ethena?
Created by Guy Young (2023).
What is Ethena's all-time high in AUD?
Ethena peaked at A$2.32 in April 2024. Today's price sits 89% below that peak — the stat cards above track it daily.
Why does the ENA price here differ from prices I see in USD?
We quote in Australian dollars, so the number moves with both the coin's USD price and the AUD/USD exchange rate. Most global sites quote USD — multiply by the current exchange rate (or just use our converter above) and the numbers reconcile.
Market data powered by CoinGecko · availability verified against exchange listings
General information only, not financial advice. Crypto is volatile — never invest more than you can afford to lose.