In the bustling landscape of cryptocurrency, Ethena and its native token, ENA, have garnered attention for their unique offerings and market dynamics. With a market cap of $1,125,680,434 and a circulating supply of 1,520,312,500 ENA tokens, Ethena stands as a notable player in the crypto space. In this article, we delve into the key statistics and factors shaping the market for ENA tokens.

Market Cap

Ethena boasts a market cap of $1,125,680,434, positioning it as a significant player within the cryptocurrency market. At 6.66% of its fully diluted market cap, Ethena demonstrates potential for growth and expansion, attracting investors seeking opportunities in the digital asset space.

Volume (24h)

The trading volume for ENA tokens over a 24-hour period stands at $173,333,835, indicating active trading activity and liquidity within the market. Ranked at #62 in terms of trading volume, ENA enjoys healthy market participation, enabling investors to buy, sell, and exchange tokens with relative ease.

Volume/Market Cap (24h)

With a volume-to-market cap ratio of 15.50%, Ethena demonstrates robust trading activity relative to its market capitalization. This metric reflects the liquidity and market depth of ENA tokens, providing investors with opportunities for efficient price discovery and execution of trades.

Circulating Supply and Total Supply

The circulating supply of ENA tokens is reported at 1,520,312,500, representing the number of tokens currently in circulation within the market. Meanwhile, the total supply of ENA tokens is set at 15,000,000,000, indicating the maximum number of tokens that will ever be created. These supply dynamics play a crucial role in determining token scarcity, inflation rates, and overall market sentiment.

Fully Diluted Market Cap

The fully diluted market cap of Ethena, calculated based on its total token supply, amounts to $11,093,580,073. This figure provides insight into the potential valuation of Ethena if all tokens were to be in circulation. While fully diluted market cap offers a theoretical perspective, it underscores the scale of Ethena's market opportunity and future growth prospects.

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Conclusion

Ethena and its ENA token occupy a notable position in the cryptocurrency market, driven by a combination of market cap, trading volume, and supply dynamics. With a focus on innovation and community engagement, Ethena continues to attract interest from investors and enthusiasts alike. As the crypto landscape evolves, Ethena remains poised to navigate market fluctuations and capitalize on emerging opportunities, cementing its place as a prominent player in the digital asset space.

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