
Ethena Calculators
Governance token of the USDe synthetic-dollar protocol.
5 free ENA calculators
Every one opens with the live ENA price already filled in. All maths runs in your browser β no signup, nothing stored.
Free Ethena (ENA) profit calculator. Enter your buy and sell price to see ENA profit, loss, ROI and fees β prefilled with the live ENA price.
Free Ethena (ENA) dollar-cost-averaging calculator. Model recurring ENA buys to see coins accumulated, average entry and portfolio value at today's live price.
Work out your weighted average Ethena (ENA) entry price across multiple buys β and see exactly where your break-even sits.
Find the exact Ethena (ENA) price that liquidates your leveraged position. Prefilled with the live ENA price β set your leverage and direction.
Calculate Ethena (ENA) market cap from the live ENA price and circulating supply β plus FDV, and the price ENA would need to reach any target valuation.
About Ethena
Ethena issues USDe, a synthetic dollar that holds its peg not by keeping cash in a bank but by pairing staked-ETH and other crypto collateral with equal short perpetual-futures positions β a delta-neutral hedge whose yield comes from staking plus funding rates. ENA is the protocol's governance token. Two things follow from that design: USDe is not a fiat-backed stablecoin and carries funding-rate and exchange-counterparty risk a cash-backed coin does not, and ENA itself has large team, investor and foundation allocations vesting over years, so scheduled unlocks are a recurring source of sell pressure.
ENA is an ERC-20 on Ethereum, so on-chain transfers cost Ethereum gas; for a small position the exchange trading fee usually dwarfs it.
ENA is a high-beta DeFi token that has fallen sharply from its 2024 high, and it reprices hard around token-unlock dates and shifts in perpetual funding rates β the engine behind USDe's yield.
Ethena at a glance
- Launched
- April 2024 (ENA airdrop)
- Token type
- ERC-20 on Ethereum
- Max supply
- 15,000,000,000 ENA
- Role
- Governance of Ethena, the protocol behind the USDe synthetic dollar
- Native staking
- Yes β ENA can be staked (sENA) for protocol rewards
- Unlocks
- Large team, investor and foundation allocations vest over several years
Frequently asked questions
οΌHow many ENA are there?
9.83 billion ENA were in circulation as of 4 September 2026, against a maximum of 15 billion β so 65.5% of everything that will ever exist has already been issued, leaving 5.17 billion still to come. That is a large share still to arrive, and it is worth knowing on what schedule before treating the current price as the settled one.
οΌCan I stake ENA?
Yes β ENA can be staked (sENA) for protocol rewards. That is why there is no ENA staking calculator here: the tool reports rewards in units of the coin you staked, so it only covers networks that pay in that same asset. Publishing a page where the dollar figure was right and the unit was wrong would be worse than leaving it out.
οΌWhich ENA calculator should I use?
There are 5 on this page and they answer different questions. Start from what you are actually asking: what a past purchase would be worth now, what a position is worth today, where a leveraged position gets liquidated, or what regular buying would have produced. Each opens with the live ENA price already filled in, and every calculation runs in your browser β nothing is sent anywhere and nothing is stored.
οΌWhere does the ENA price on this page come from?
Live from CoinGecko when you press the price button, with the ENAUSDT pair on Binance as a fallback if that request fails. The request happens in your browser and carries nothing about you; if both fail the calculator keeps working with whatever figure you type in.