EthenaENA

Blockchain, RWA

Ethena Token Valuation

Analyze ENA valuation using P/E ratio and supply-weighted P/E (SWPE) metrics.

Produced by Tokenomics.com in collaboration with BlackTokenomics.

FDV

$1.8B

Unlocked MCAP

$1.1B

Circulating MCAP

$1.1B

FDV to Circ MCAP

60%

0%100%

ENA Valuation Layers (FDV to MCAP)

FDV

Locked Value

Unlocked MCAP

Unreleased Value

Circulating MCAP

ENA P/E Ratio

At a ratio of 2.97x, each $1 of circulating market cap is backed by $0.34 of gross revenue.

P/E Ratio

Price