← SiamDEX
DeFi
Ethena (ENA) logo

How to Trade Ethena (ENA)

DEX on SiamDEX · No KYC · Earn in USD

DeFi
Current Price
$0.11
24h Change
+21.10%
Volume 24h
$44.83M
Open Interest
$33.17M

Ethena (ENA) What is it?

Ethena (ENA) is the governance token of the Ethena protocol, the creator of USDe — a synthetic dollar that generates yield through a delta-neutral trading strategy on crypto futures. USDe has reached a peak TVL of $14.8 billion.

Why Trade Ethena on SiamDEX?

  • ✓Price is tied to the growth of USDe stablecoin and the yield it generates
  • ✓Leverage on Hyperliquid is suitable for DeFi yield narrative plays
  • ✓Bitwise filed an ETF for ENA, signaling strong institutional interest

Compare Ethena (ENA) vs Other Perpetuals

AssetPriceVolume 24hOpen Interest24h Change
ENAEthena (ENA)$0.11104$44.83M$33.17M+21.10%
BTCBitcoin (BTC)$63165.0$5.39B$1.99B-5.43%
ETHEthereum (ETH)$1787.0$1.55B$1.18B-3.83%
SOLSolana (SOL)$70.225$424.25M$277.36M-6.08%
HYPEHyperliquid (HYPE)$73.732$1.37B$1.70B+6.46%
PAXGทองคำ (PAXG) (PAXG)$4457.7$2.84M$25.64M-0.22%
XRPXRP (XRP)$1.1884$67.91M$89.47M-3.07%
DOGEDogecoin (DOGE)$0.090395$17.26M$27.43M-2.60%
FARTCOINFartcoin (FARTCOIN)$0.1416$8.30M$20.47M+1.49%

⚠️ Risk Warning

ENA is closely linked to USDe yield, which decreases when funding rates are low. This can impact TVL and ENA price.

Price History Ethena (ENA)

Last 30 Days

History of ENA in 5 Minutes — สรุปฉบับย่อ timeline สำคัญ

Timeline

Ethena created USDe, a stablecoin not backed by dollars in a bank but by ETH staking + short futures hedging. This allows it to generate 10-20% yield per year. USDe reached $1 billion in circulation in just 23 days — the fastest in stablecoin history.

💡

Did You Know?

In 2024, Ethena delivered 19% APY to sUSDe holders — roughly 10-20 times higher than Thai bank deposit rates — without holding a single real dollar in a bank account.

How to Trade Ethena on SiamDEX

  1. 1Connect MetaMask and Setup Trading (one-time only)
  2. 2Deposit USDC into Hyperliquid via SiamDEX
  3. 3Select ENA from Asset Selector
  4. 4Choose Long (price goes up) or Short (price goes down)
  5. 5Set your Leverage and Margin
  6. 6Click Place Order — order goes directly to Hyperliquid
  7. 7When profitable, Withdraw USDC → MetaMask → Exchange → THB

Frequently Asked Questions about Trading Ethena

Q: How much do I need to trade ENA on SiamDEX?

You can start with a small amount of USDC. We recommend at least 10-100 USDC to test trading and manage risk effectively.

Q: What is the maximum leverage for ENA?

Up to 40x (depends on the asset and market conditions)

Q: How do I deposit USDC into Hyperliquid via SiamDEX?

Connect MetaMask → Go to Deposit/Withdraw → Select deposit from a Thai or global exchange → Follow the simple steps, takes only a few minutes

Q: What are the main risks of trading ENA perpetual futures?

Price volatility, liquidation risk when using high leverage, and funding rate exposure.

Q: Can I withdraw ENA profits in Thai Baht?

Yes. Profits are in USDC → Withdraw to MetaMask → Transfer to Exchange → Sell for THB

Q: Is SiamDEX suitable for beginners?

Absolutely. SiamDEX has clear guides in Thai and English, simple steps, and no KYC required.

Before You Trade

Level Up Your Knowledge First

Smart traders do their research first. Read our articles and latest news before placing your first trade.

📚Articles

Educational Blog

Learn trading fundamentals to advanced strategies for crypto, stocks, and more.

What is LeverageLong vs ShortDeFi vs CEX
Read All Articles→
📰
Live

Latest Market News

Stay updated on crypto, stocks, and macro news to time the market better.

Bitcoin TodayFed RateAI Stocks News
View All News→
💡

Successful traders spend 80% of their time studying the market and 20% actually trading. Don't rush.

Ready to Trade Ethena ?

Start now or read the guide first

Trade ENA Now →Read the Guide

Other Assets You May Like

BTCBitcoin (BTC)ETHEthereum (ETH)SOLSolana (SOL)HYPEHyperliquid (HYPE)PAXGGold (PAXG) (PAXG)XRPXRP (XRP)DOGEDogecoin (DOGE)FARTCOINFartcoin (FARTCOIN)ZECZcash (ZEC)TAOBittensor (TAO)XPLPlasma (XPL)PUMPPump.fun (PUMP)KPEPEPepe (1000x) (KPEPE)SUISui (SUI)VVVVenice Finance (VVV)ALGOAlgorand (ALGO)LITLitentry (LIT)LINKChainlink (LINK)ADACardano (ADA)MONMonad (MON)JUPJupiter (JUP)ENAEthena (ENA)AVAXAvalanche (AVAX)ZROLayerZero (ZRO)BLURBlur (BLUR)ONDOOndo Finance (ONDO)WIFdogwifhat (WIF)PENGUPudgy Penguins (PENGU)SPXSPX6900 (SPX)KBONKBonk (1000x) (KBONK)DYDXdYdX (DYDX)TRXTRON (TRX)STRKStarknet (STRK)IPStory Protocol (IP)RENDERRender Network (RENDER)AIXBTAIXBT by Virtuals (AIXBT)AEROAerodrome Finance (AERO)CHILLGUYJust a Chill Guy (CHILLGUY)AAVEAave (AAVE)BNBBNB (BNB)CRVCurve Finance (CRV)XMRMonero (XMR)NEARNEAR Protocol (NEAR)ASTERAster (ASTER)WLDWorldcoin (WLD)UNIUniswap (UNI)BCHBitcoin Cash (BCH)SEISei (SEI)APTAptos (APT)LTCLitecoin (LTC)LDOLido DAO (LDO)WLFIWorld Liberty Financial (WLFI)ARBArbitrum (ARB)XLMStellar (XLM)VIRTUALVirtuals Protocol (VIRTUAL)TRUMPOfficial Trump (TRUMP)FETFetch.ai (ASI) (FET)MORPHOMorpho (MORPHO)HEMIHemi Network (HEMI)DOTPolkadot (DOT)0G0G (ZeroGravity) (0G)2ZDoubleZero (2Z)ACEACE (Fusionist) (ACE)APEApeCoin (APE)AXSAxie Infinity (AXS)BIOBio Protocol (BIO)BLASTBLAST (BLAST)BOMEBOOK OF MEME (BOME)CFXConflux (CFX)BRENTOILBrent (BRENTOIL)GOLDGOLD (GOLD)SILVERSILVER (SILVER)NVDANvidia (NVDA)AAPLApple (AAPL)TSLATesla (TSLA)SP500S&P 500 (SP500)CLWTI (CL) (CL)XYZ100Nasdaq 100 (XYZ100)SNDKSanDisk (Western Digital) (SNDK)CRCLCircle (CRCL)MUMicron Technology (MU)INTCIntel (INTC)NATGASNatural Gas (NATGAS)EUREUR (EUR)PLATINUMPlatinum (PLATINUM)COINCoinbase (COIN) (COIN)EWYiShares MSCI South Korea ETF (EWY)JPYJPY (JPY)GOOGLAlphabet (Google) (GOOGL)HOODRobinhood (HOOD)PLTRPalantir (PLTR)COPPERCopper (COPPER)MSTRMicroStrategy (MSTR)METAMeta (Facebook) (META)MSFTMicrosoft (MSFT)CRWVCrowdStrike (CRWV)AMZNAmazon (AMZN)SKHXSK Hynix (SKHX)NFLXNetflix (NFLX)AMDAdvanced Micro Devices (AMD)LLYEli Lilly (LLY)USARARM Holdings (USAR)TSMTSMC (TSM)ORCLOracle (ORCL)EWJiShares MSCI Japan ETF (EWJ)RIVNRivian (RIVN)BABAAlibaba (BABA)SMSNSamsung Electronics (SMSN)