Is It Worth Buying Ethena in 2025?

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At HelloSafe, our expert has been monitoring the performance of the cryptocurrency Ethena for over three years. Every month, hundreds of thousands of users in the Philippines trust us to analyze market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical policy, HelloSafe has never purchased Ethena nor received any compensation from entities associated with its ecosystem.

Ethena at a Glance

How much does 1 Ethena cost?

The price of Ethena is up this week. As of today, ENA trades at around ₱18.80, with a strong 8.75% gain over the past 24 hours and a 9.07% increase in the last seven days.

Ethena’s total market capitalization stands at approximately ₱109.8 billion, with an average three-month trading volume near ₱12.1 billion.

Ranked 74th among all cryptocurrencies, the token has 6.09 billion ENA in circulation and currently represents about 0.22% of the total crypto market.

Ethena’s recent momentum and active trading present dynamic investment opportunities, but price swings remind investors to stay attentive to market volatility.

Our complete review of the cryptocurrency Ethena

Have Ethena's recent trends and structural developments signaled the next great opportunity in DeFi? After analyzing Ethena's three-year trajectory through a blend of on-chain data, technical signals, market flows, and competitive landscape—refined via our proprietary algorithms—the evidence for renewed upside is mounting. So, why might 2025 mark a strategic entry point for Ethena within the evolving digital asset ecosystem?

Performance Update and Market Backdrop

Recent Price Evolution

Ethena (ENA) is currently priced at $0.32 USD, having demonstrated a resilient performance over the past few months despite macro volatility. Its price range between $0.28 and $0.32 positioned ENA as one of the more stable mid-cap assets in a market defined by sharp corrections and rapid recoveries. Notably, a recent 24h move of +8.75% and a 7-day gain of +9.07% reflect improving sentiment and the rapid absorption of selling pressure, possibly linked to token unlock events.

Positive Developments and Events

• TON Blockchain Integration: The recent partnership with the TON Foundation will embed Ethena's synthetic dollar (USDe) into the Telegram ecosystem, unlocking exposure to potentially over 1 billion users—a transformative step for ecosystem reach and real-world use.
• Ecosystem Growth: USDe’s market cap now exceeds $5.88B, with a jaw-dropping $1B incremental growth in just the past weeks. Integrations with top DeFi protocols and the ongoing expansion in use cases highlight strong platform momentum.
• Institutional Partnerships: The strategic collaboration with Securitize to build Converge, a next-gen DeFi and tokenization network, underlines Ethena’s ambition to extend into the institutional investment arena.

Macro and Sector Environment

Ethena benefits from renewed risk appetite across cryptocurrencies, buoyed by falling inflation rates and a more accommodative Fed outlook. The DeFi sector, recovering from the 2022–2023 bear market, is in a new phase of adoption, with real-world fintech integrations (like those facilitated by Ethena on TON/Telegram) drawing in both retail and institutional capital. Stablecoins and synthetic dollar protocols, like Ethena, are particularly well-placed to thrive in this evolving regulatory and monetary climate.

Technical Analysis

Key On-Chain and Technical Signals

• RSI (14): Currently at 46.6, suggesting a neutral technical stance—neither overbought nor oversold—and signaling that recent selling pressure has likely exhausted itself.
• MACD: Confirms mixed signals across timeframes but hints at stabilization and a latent bullish crossover as momentum builds following the recent oversold period.
• Moving Averages: Price action around the short-term moving averages and above the critical support at $0.27–$0.28 indicates resilience and area of bid interest.

Critical Support and Resistance Levels

• Support: Strong buy-side liquidity at $0.27–$0.28 has repeatedly been tested and held, building an attractive risk-reward profile for new entries.
• Resistance: Key technical resistance lies between $0.35 and $0.37—a successful breakout above this zone could unlock significant upside momentum.

Short- and Medium-Term Momentum

• Momentum: The recent consolidation and rapid bounce/volume spikes suggest market participants are accumulating ENA at these levels, prepping the ground for a possible trend reversal.
• Structure: Ethena’s technical structure is constructive: buyers continue to step in at support, with decreasing volatility and increasing volume—often a precursor to upward moves.

Fundamental Analysis

Ecosystem Growth, Partnerships, and Adoption

• User Adoption: ENA’s footprint now extends deeply into DeFi, aided by integrations across Aave, Converge, and especially the TON-Telegram partnership—positioning USDe as a direct competitor to incumbents like USDC and USDT.
• Protocol Metrics: ENA stands out for its rapidly expanding USDe market cap (+$1B in mere weeks), demonstrating adoption velocity rarely seen among new DeFi entrants.
• Partnerships: Alliances with giants like Telegram/TON and Securitize provide a credible pathway to mass retail and institutional DeFi adoption, both crucial for ongoing expansion.

Attractive Valuation Metrics

• Market Cap: $1.95B USD implies a moderate valuation for a protocol controlling a $5.88B stablecoin supply, with a market cap/FDV ratio (0.39) and solid volume/market cap ratio (0.0995), painting a picture of active market participation and untapped upside.
• TVL Traction: Rapid TVL (Total Value Locked) growth is mirrored by high on-chain activity and sustained trading interest around key levels—critical markers of fundamental traction in the DeFi space.

Structural Edge and Innovation

• Technology: Ethena’s “crypto-native” synthetic dollar infrastructure is designed for scalability, decentralization, and utility across chains—attributes sought by both users and developers wary of regulatory hurdles and traditional finance intermediaries.
• Yield Mechanism: The protocol’s delta-neutral hedging delivers both stability and sustainable yields—attractive traits in a world of uncertain interest rate cycles.
• Community and Governance: ENA holders shape protocol direction, with structured vesting and 30% of supply reserved for the ecosystem—a strategic commitment to long-term alignment and gradual decentralization.

Volume and Liquidity

• Liquidity: With $214M traded in the last 24 hours on major venues (Binance, Coinbase), ENA demonstrates robust secondary market liquidity—a signal of growing investor interest and confidence in the underlying asset.
• Market Standing: ENA’s volume, activity ratios, and position among DeFi leaders anchor it as an emerging blue chip in the synthetic stablecoin domain.

Catalysts and Forward-Looking Factors

• Major Integrations: The ongoing TON/Telegram deployment, future DeFi/NFT integrations, and sUSDe’s growing yield footprint will continue to drive user and asset inflows.
• Regulatory Climate: Ethena’s DeFi-native structure and synthetic asset offers a defensible regulatory posture compared to bank-based stablecoins—an advantage with uncertainty surrounding centralized issuers.
• Institutional Adoption: Securitize partnership, Converge network, and growing DeFi asset-liquidation rails all imply further institutional inflows.

Investment Strategies

Positioning for Short, Medium, and Long Term

• Short-Term: Momentum signals, tightening consolidation, and recurring support tests suggest opportunistic entries on technical pullbacks near $0.29–$0.30 could offer rapid upside as the market prices in new integrations and unlock events.
• Medium-Term: With USDe’s ongoing user/integration growth, medium-horizon positioning ahead of regulatory/roadmap milestones (especially TON/Telegram phase 2) is justified by both valuation and adoption tailwinds.
• Long-Term: Ethena’s unique synthetic dollar model, perpetual yield, and cross-chain potential underpin a credible long-term narrative. Early allocation may compound over time as the stablecoin sector continues to migrate toward decentralized, protocol-driven solutions.
• Entry Timing: Optimal accumulation strategies would focus on consolidations at strong support ($0.27–$0.28) or preemptive buys ahead of key roadmap events and product launches, minimizing exposure to unlock-induced volatility.

Risk Management

• Token Unlock Schedule: While ENA’s vesting strategy aims to mitigate major dumps, near-term events warrant attentive risk management—utilizing position sizing, dynamic stop-losses, and close monitoring of liquidity flows.

Diversification

• Portfolio Context: As a leading synthetic stablecoin play, Ethena is particularly well suited as a core holding within DeFi-focused portfolios, with inherent diversification vs. pure-play volatile altcoins.

Ethena Price Projections

Is Now the Right Time to Buy Ethena?

Ethena stands out as a scalable, innovative DeFi protocol with a differentiated synthetic stablecoin model, robust on-chain traction, and a rapidly expanding partnership footprint. Its valuation remains attractive relative to sector peers, and the exceptional growth of its USDe stablecoin—backed by real-world adoption (Telegram/TON, institutional DeFi rails)—justifies renewed attention from sophisticated investors.

• Exponential protocol growth and user adoption, now solidly in the top tier of DeFi stablecoins.
• Strategic TON/Telegram and Securitize partnerships positioning USDe as a mass retail and institutional stablecoin alternative.
• High liquidity and exchange accessibility, ensuring ease of entry/exit for all investor profiles.
• Structural advantage via a decentralized, “crypto-native” approach less vulnerable to regulatory instability facing traditional stablecoin providers.
• A clear, innovation-driven roadmap with multiple near-term catalysts—product launches, protocol upgrades, and new DeFi integrations.

Looking ahead, Ethena could well enter a stronger growth phase fueled by continued protocol expansion and broader crypto adoption. While volatility and token unlock dynamics still call for measured risk management, the convergence of powerful fundamental and technical signals makes Ethena seem an excellent opportunity for investors building strategic exposure to the next generation of DeFi blue chips. As always, a disciplined approach to allocation and market timing will be essential to maximize risk-adjusted returns.

Ethena remains a high-volatility cryptocurrency offering outstanding opportunities for dynamic investment, albeit warranting rigorous risk assessment. Recent price acceleration has shown Ethena’s ability to produce strong, fast moves, and the evolving macro landscape means selectivity remains key. Technical levels to watch are $0.28 as the immediate support and $0.37 as primary resistance. The next scheduled protocol upgrade—anticipated in Q3 2025—may very well serve as a pivotal catalyst for Ethena’s continued ascent.

How to buy Ethena?

Buying Ethena (ENA) cryptocurrency online is simple and secure when you use a regulated crypto trading platform. As a retail investor in the Philippines, you generally have two main options: direct spot purchase (where you own the actual tokens) or trading crypto contracts for difference (CFDs), which allow you to speculate on ENA’s price without owning the coin itself. Each method suits different investing styles. Below, we explain both approaches in detail—plus, you’ll find a platform comparison further down on this page to help make your choice easier.

Spot Purchase

A spot purchase means you’re buying real Ethena (ENA) and holding it in a crypto wallet—either directly on the exchange or in your own digital wallet for greater security. Spot trading is straightforward: after verifying your account and depositing Philippine pesos (PHP) or US dollars, you can buy ENA at the current market rate. Most major exchanges charge a fixed commission per purchase, typically around 0.1% to 0.3% (about PHP 5–20 on typical minimums).

Example

Suppose ENA trades at $0.32 USD (about ₱18.50). With a PHP 60,000 investment (≈ $1,080 USD), you can buy around 3,360 ENA tokens, accounting for roughly ₱200 (≈ $3.60) in transaction fees.

Profit scenario

If ENA’s price increases by 10%, your tokens would now be worth approximately PHP 66,000 (up by PHP 6,000, or +10% on your initial investment).

Trading via CFD

Trading ENA as a contract for difference (CFD) means you do not actually hold any tokens. Instead, you speculate on whether ENA’s price will rise or fall, opening a long or short position on a broker platform. CFD brokers generally charge a spread (the difference between buy & sell price) and, if you keep your position overnight, a small financing fee.

As CFDs offer leverage, you can amplify results—but risk higher losses too.

Example

You deposit PHP 60,000 and select 5x leverage, giving you exposure to PHP 300,000 worth of ENA. If ENA’s price rises by 8%, your gain is 8% × 5 = 40% (excluding fees), or PHP 24,000 profit—on a PHP 60,000 investment.

Profit scenario

ENA rises 8% → your leveraged position returns +40% (PHP 24,000 gain).

Final Advice

No matter which method you prefer, always compare the fees and trading conditions of available platforms—they can affect your net return. The right choice between spot buying and CFD trading depends on your financial goals, risk appetite, and experience. Refer to our platform comparison lower on this page to make an informed, confident investment in Ethena (ENA).

Our 7 tips for buying Ethena

The latest news from Ethena

Ethena’s ENA token saw a robust 9% price increase over the last week, supported by strong trading volume. Across top global exchanges accessible from the Philippines such as Binance and Coinbase, ENA has traded in the $0.28–$0.32 range, closing June 8 at $0.32 with an 8.75% increase in 24 hours and over $214M in trading volume. This uptick is notable for Filipino investors, as ENA’s liquidity and growth trajectory now position it as one of the most actively traded DeFi tokens, with a market capitalization nearing $2B, indicating increasing investor confidence and potentially more stable trading environments for local participants.

The protocol’s synthetic stablecoin, USDe, achieved a significant $1B market cap increase in recent weeks, bringing its total above $5.8B. This surge is due in part to Ethena’s rapid integration across decentralized finance platforms, including those favored by users in the Philippines, such as Aave and other Ethereum-based protocols. The growth reflects accelerating adoption and positions Ethena as a credible alternative to established stablecoins like USDC and USDT, which are already popular among regional DeFi users and remittance pathways.

Ethena finalized a major partnership with the TON Foundation to integrate USDe into Telegram’s ecosystem, offering access to over 1 billion users worldwide. For Filipino crypto users, many of whom are active on Telegram and in rapidly expanding online communities, this integration represents a substantial opportunity. As Philippines ranks among Telegram’s top user bases in Southeast Asia, this initiative could directly enhance USDe’s utility for peer-to-peer payments, microtransactions, and cross-border remittances—a critical use case locally.

Technical indicators for ENA are neutral with hints of a potential short-term rebound after recent oversold conditions. RSI is currently measured at 46.6, and the technical outlook, while mixed on some timeframes, suggests stabilization as the token reclaims upper support levels. For traders and funds in the Philippines, these signals may indicate that ENA is approaching a more favorable entry point, particularly as broader sentiment recovers in tandem with protocol expansion milestones.

Ethena’s protocol innovation—particularly its synthetic dollar model and yield-generating mechanism—reinforces its value proposition for the Filipino market amid ongoing DeFi adoption. By maintaining USDe’s peg through delta-neutral strategies and offering attractive yields (notably for stakers via sUSDe), Ethena provides opportunities for local users seeking passive income streams outside traditional banking. This is relevant in the Philippines, where DeFi offers banking alternatives for the large unbanked population, and where innovative, yield-bearing products have seen increased adoption.

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.