Should You Buy Ethena in 2025?

Ethena in brief

How much does 1 Ethena cost?

The price of Ethena is up this week. As of today, ENA trades at $0.3378 (AED 1.24), showing a strong 8.3% increase over the past 24 hours and a remarkable 16.2% rise in the last week.

Ethena is currently ranked among the global top 60 cryptocurrencies by market capitalization. ENA’s recent momentum highlights both its growth potential and the dynamic, sometimes volatile, nature of the cryptocurrency market—making it a token to watch closely.

Our full review of the crypto Ethena

We have thoroughly dissected the latest market dynamics surrounding Ethena (ENA), delving into its evolution over the last three years through the lens of proprietary algorithms designed to synthesize on-chain metrics, technical signals, market data, and competitive landscape. Our analysis drew from an array of data sources to deliver a holistic, institutional-grade perspective on Ethena’s positioning. So, why might Ethena re-emerge in 2025 as a strategic entry point for the decentralized finance (DeFi) ecosystem and synthetic assets sector?

Performance Review and Current Market Context

Recent Price Evolution

Ethena (ENA) has staged a robust price performance over the past twelve months, despite inherent volatility in the digital asset markets. As of early June 2025, ENA trades at $0.3378, up an impressive 8.3% in the past 24 hours and 16.2% over the last week — signaling renewed market attention following critical ecosystem developments. On a one-year basis, ENA has returned 65.0%, strongly outperforming sector benchmarks and confirming its relevance in the DeFi narrative.

This growth trajectory was punctuated by several positive inflection points:

• Coinbase roadmap inclusion (June 2025) led to an immediate 8.6% intraday price surge and catalyzed positive sentiment across crypto trading desks.
• $100 million Series funding (February 2025), joining forces with blue-chip institutions like Franklin Templeton and Fidelity Investments, signaled robust capital confidence.
• Converge Blockchain partnership: strategic collaboration with Securitize to deploy a new Layer-1 infrastructure catering to tokenized assets and DeFi.

Macro & Sector Tailwinds

The prevailing macro backdrop is broadly constructive for digital assets as regulatory clarity advances in key jurisdictions and institutional capital continues its gradual rotation toward blockchain-native financial primitives. DeFi protocols with proven adoption, visible traction (e.g., TVL >$5B), and large-cap listings are increasingly viewed as credible long-term vehicles, especially as TradFi and crypto rails converge.

Technical Analysis

Key Indicators

A comprehensive technical review of ENA reveals a nuanced picture:

• RSI (14d): 46.87 — sitting in neutral territory, with no distinct overbought or oversold bias, indicating potential room for accumulation.
• MACD: Slight negative divergence (-0.0075), suggesting recent corrective momentum, yet this should be weighed against longer-term trend inflections.
• Moving Averages: ENA is currently positioned below its 20-day, 50-day, 100-day, and 200-day simple moving averages ($0.3646, $0.3420, $0.3546, and $0.5787, respectively), placing immediate technical posture as bearish. However, this also means ENA sits in a zone poised for mean reversion, especially if positive catalysts persist.

Supports, Resistance & Momentum

• Solid Supports: $0.27 and $0.37 — notable accumulation levels
• Near-Term Resistance: $0.37 (first hurdle), then $0.46
• Momentum: Although the aggregate technical rating leans bearish (14 sell vs 2 buy signals), investors often regard such extremes as contrarian signals, especially when confirmed by volume spikes during bullish news (such as listing announcements or protocol launches).

The current compression below key averages, combined with significant positive triggers at the fundamental level, sets the stage for potential breakout scenarios should ENA reclaim the $0.37 resistance with sustained volume.

Fundamental Analysis

Adoption, Partnerships & Ecosystem Growth

• Rapidly expanding user base and DeFi reach: TVL now stands at $5.76 billion. This metric alone symbolizes substantial adoption, amplified by growing utility for its synthetic dollar mechanism.
• Top-tier strategic backing: Major institutional players (Franklin Templeton, Fidelity) underpin Ethena’s credibility, providing not just capital but invaluable strategic advocacy.
• Innovation leadership: Ethena’s protocol pioneers scalable synthetic dollars (USDe) through advanced delta-hedging — a technological edge that means less reliance on off-chain collateral.

Relative Valuation

• Market Cap ($1.97B) vs TVL ($5.76B): The 0.34 Market Cap/TVL ratio positions ENA attractively relative to DeFi peers — often considered a signal of undervaluation when ecosystem traction is robust.
• Circulating vs Total Supply: With only 38.8% of total tokens released and some selling pressure anticipated from unlocks, the current float is still manageable within the expected risk-adjusted performance.
• Liquidity and Volume: Sustained daily trading volumes near $343 million demonstrate high market confidence and facilitate efficient execution for both retail and institutional flows.

Structural Strengths

• Governance utility: ENA’s token unlocks active participation in protocol decisions — an advantage as DeFi projects increasingly embrace community-led evolution.
• Protocol innovation: Unique position as one of the leading DeFi-native “digital dollars” with embedded delta-neutral hedging.
• Ecosystem differentiation: Integration roadmap (including Derive.xyz for on-chain derivatives, and Securitize for tokenization) fortifies ENA’s moat in both the retail and institutional DeFi segments.

Market Positioning

• Global Exchange Coverage: Listed on Binance, MEXC, Gate.io, Bybit, and (soon) Coinbase — a breadth that ensures deep liquidity and robust access across all investor types.
• Community Activity: ENA enjoys an increasingly active governance and development community, fueling iterative protocol enhancements and driving “stickiness” among ecosystem users.

Catalysts and Positive Perspectives

Upcoming Potential Catalysts

• Coinbase Listing Confirmation: Formal listing could be a watershed moment, introducing ENA to new capital pools and enhancing price discovery through deeper order books.
• Converge Blockchain Launch: Exclusive Layer-1 innovation sets the stage for further product verticals, especially for Real World Assets (RWA) and institutional DeFi narratives.
• TradFi-crypto bridge: The imminent introduction of institutional stablecoins (iUSDe) opens direct rails between on-chain liquidity and traditional finance, unlocking major new use cases.
• Aggressive 2025 Roadmap: Additional product launches, regulatory advancements, and DeFi integrations are expected — all positive for continued traction.

Regulatory and Institutional Tailwinds

Positive regulatory momentum and fresh institutional capital have significantly derisked Ethena’s outlook. Market participants increasingly recognize that DeFi protocols such as Ethena, with clear use cases and robust backing, can outpace legacy financial rails in addressing both retail and institutional liquidity needs.

Investment Strategies by Horizon

Short-Term (Weeks to 6 Months)

• Ideal Entry: Monitoring for technical pullbacks toward $0.27–0.30 (major support levels) gives tactical buyers a potential discounted entry.
• Catalyst Trading: Positioning ahead of the expected Coinbase listing announcement or Converge Blockchain milestones can capture near-term upside associated with headline-driven rallies.

Medium-Term (6–24 Months)

• Accumulation: Progressive accumulation during consolidation phases (notably if price remains above $0.27 and reclaims $0.37) allows for risk-managed build-up in anticipation of protocol and ecosystem growth.
• Protocol Upgrades: Investors often prefer to be positioned before major upgrades—ENA’s roadmap is loaded with deliverables which historically favor revaluation.

Long-Term (2–5 Years+)

• Secular Trend Participation: As TradFi bridges to DeFi, synthetic dollar protocols with high TVL and active communities will capture a disproportionate share of new capital inflows.
• Strategic Holding: ENA’s governance role and its central positioning in decentralized stablecoin innovation favour a foundational portfolio position for those seeking exposure to next-generation digital financial infrastructure.

Is Now the Right Time to Buy Ethena?

Ethena currently combines an exceptional set of strengths: high adoption within DeFi, accelerating institutional momentum, a resilient TVL base, and imminent major exchange listings. While technicals signal short-term caution, history confirms that such setups — especially when paired with robust fundamental innovation — set the stage for powerful recovery rallies.

The protocol’s undervaluation relative to ecosystem traction, together with a pipeline of well-defined catalysts (Coinbase listing, Converge Blockchain, institutional stablecoin rollouts), point to ENA as a standout within any digital assets allocation strategy. Investors seeking asymmetrical upside linked to the convergence of DeFi and TradFi may find Ethena’s entry point in 2025 particularly compelling.

In a market landscape increasingly dominated by capital-efficient, utility-driven protocols, Ethena stands as a prime candidate to power the next DeFi innovation cycle. The convergence of a resilient user base, substantial institutional backing, and breakthrough technology justifies renewed attention — and positions Ethena as an excellent opportunity for those seeking dynamic, growth-oriented crypto exposure in the years to come.

Ethena remains a high-volatility digital asset, offering significant opportunities for dynamic investment, provided risk management remains a priority. The clear acceleration in price underscores Ethena’s capacity for rapid, forceful market moves, while the evolving macro backdrop demands ongoing selectivity. Key technical thresholds to monitor include $0.27 as an immediate support and $0.37 as the first resistance band. The upcoming protocol upgrade slated for Q3 2025 could prove decisive for Ethena’s next strategic breakout.

How to buy Ethena?

It is straightforward and secure to buy the Ethena (ENA) cryptocurrency online through a regulated platform. Investors in the UAE can choose between two main methods: spot purchase, where you own actual ENA tokens in your crypto wallet, or trading via CFDs (Contracts for Difference), where you speculate on Ethena’s price movements without holding the coins physically. Both approaches can be accessed in just a few clicks, with regulated platforms ensuring compliance and fund safety. Below, you’ll find a detailed comparison of platforms to help you select the most suitable option for your needs.

Spot Purchase

Spot purchase means buying Ethena (ENA) and becoming the actual owner of ENA coins, which are stored safely in your digital wallet—either on the exchange or a personal wallet. On UAE-based or global platforms, transaction fees are typically a fixed percentage, averaging around 0.2–0.5% per spot trade. For example, if Ethena is priced at $0.3378 per token, with 1,000 USD (approx. 3,670 AED), you can buy close to 2,957 ENA tokens. After accounting for a $5 transaction fee, you will receive about 2,942 ENA tokens in your account.

Example: Gain Scenario for Spot Purchase

✔️ Gain Scenario:
If Ethena’s price rises by 10%, your portfolio would now be worth $1,100 (about 4,037 AED). That’s a $100 gain—equivalent to a +10% return on your initial investment.

Trading via CFD

CFD trading involves taking a position on Ethena’s price—without actually owning the underlying coins. This method offers flexibility, including leverage to amplify gains or losses. Typical fees here include the spread (difference between buy/sell price) and an overnight financing cost if your position stays open for more than 24 hours. For instance, if you invest $1,000 (≈3,670 AED) with 5x leverage, you gain $5,000 exposure to ENA.

Example: Gain Scenario for CFD Trading

✔️ Gain Scenario:
If Ethena’s price increases by 8%, your position grows by 8% × 5 = 40%. That’s a $400 gain (about 1,468 AED) on your $1,000 initial deposit (excluding fees).

Final Advice

Before investing, always compare the fees and terms of each platform—these can vary significantly and impact your potential returns. Choosing between spot purchase and CFD trading depends on your investment goals and experience level. To make an informed choice, use the platform comparator provided further down this page.

Our 7 tips for buying Ethena

The latest news from Ethena

Coinbase’s recent addition of ENA to its Listing Roadmap has triggered a notable 8.6% price surge and renewed market optimism. This development, announced on June 2, 2025, significantly increases the likelihood of ENA being listed on Coinbase—a globally recognized cryptocurrency exchange platform that is increasingly popular among users in the AE and wider MENA region due to its regulatory compliance and user-friendly onboarding. This anticipated listing would not only expand ENA's access to a wider pool of retail and institutional investors from AE, but may also bolster trading volumes and liquidity, strengthening confidence in Ethena’s protocol within regional and international investor circles.

Ethena’s recent strategic partnership with Securitize to launch a dedicated Layer-1 blockchain (Converge) reaffirms its position as a leader in DeFi innovation. The Converge blockchain, designed for real-world asset (RWA) tokenization and DeFi integration, has high relevance for markets such as AE, which is actively fostering digital asset initiatives and exploring tokenization of financial instruments under supportive regulatory frameworks. This move positions Ethena to collaborate with local entities seeking exposure to tokenized assets, and could open collaborative avenues with AE-based asset managers and digital banks eager to integrate next-generation DeFi solutions.

Substantial institutional investment, highlighted by a $100 million funding round led by major global players, underscores strong confidence in Ethena’s model. The February 2025 round attracted backing from financial giants such as Franklin Templeton and Fidelity Investments. This is a strong signal for institutional acceptance and validates Ethena’s approach to synthetic stablecoins, a theme of growing interest in AE where regulatory clarity is encouraging banks and investment funds to explore digital and synthetic assets. This robust institutional support enhances Ethena’s credibility for both international and AE-based investors seeking exposure to stable assets compliant with evolving local regulations.

Ethena’s protocol currently secures $5.76 billion in Total Value Locked, demonstrating unparalleled adoption and resilience in the DeFi landscape. A high TVL reflects not only the security and utility of the Ethena protocol, but also user confidence—key considerations for the rapidly growing DeFi user base in AE, which values secure and scalable solutions for both personal wealth management and institutional use cases. Ethena’s market cap/TVL ratio of 0.34 further suggests healthy protocol fundamentals, while its synthetic dollar mechanism positions it as a viable hedge for AE investors looking for on-chain dollar exposure uncorrelated to local banking infrastructure.

The overall market sentiment toward Ethena remains optimistic, particularly in light of its inclusion on major exchanges, product innovation, and ambitious 2025 roadmap targeting deeper TradFi integration. The planned development of an institutional-grade stablecoin (iUSDe) and new DeFi products directly address the needs of AE’s growing fintech and banking sector, especially as the region accelerates digital transformation and regulatory openness in the crypto asset space. As Ethena continues establishing strong partnerships and launches tailored solutions, it is increasingly well-positioned to capitalize on AE’s evolving demand for compliant, innovative digital financial instruments.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.