Key Points
- ENA/USDT spot trading officially launched on OKX on 17 September 2025 at 7:00 AM UTC.
- ENA price stands at $0.678 with a $4.69B market cap and 6.89B tokens in circulation.
- Ethena’s TVL surged to $10.4B, showing strong ecosystem growth and long-term investor confidence.
Ethena’s native token ENA is now live for spot trading on OKX against USDT as of 17 September, 7:00 AM UTC. The listing opens up broader access to ENA while positioning the project for increased liquidity and global trader participation.
OKX Lists ENA as Trading Activity Begins
OKX officially launched ENA/USDT spot trading on 17 September 2025 at 7:00 AM UTC. Deposits were opened earlier to allow users to prepare for the session.
The listing marks a significant step for Ethena Labs, the team behind the ENA token. It also reflects OKX’s strategy to support emerging DeFi projects and expand its asset offerings.
The exchange reminded users to check local regulations before trading, as availability may vary by jurisdiction. It also advised caution, noting the general risks of digital asset investments.
ENA Fundamentals Strengthen Despite Short-Term Pressure
According to Coinglass, ENA trades at $0.678 with a market cap of $4.69B and 6.89B ENA in circulation. The token has a maximum supply of 15B, giving it room for future expansion.
While short-term price performance is weak, ENA shows strong long-term growth. It is down -3.61% in 24 hours, -16.10% in 7 days, and -4.40% over 30 days.
However, it remains up +137.7% over 90 days, +76.7% over 180 days, and +223.16% year-to-date. These gains suggest investor confidence remains intact despite recent volatility.
Futures volume reached $1.75B, and spot trading volume hit $160.5M in the past 24 hours. These figures point to growing market interest and active participation across trading platforms.
TVL Growth and Technical Outlook Signal Long-Term Potential
DeFiLlama reports Ethena’s Total Value Locked (TVL) has climbed to $10.4B, reflecting sharp growth and institutional engagement. This milestone supports the token’s ecosystem and reinforces fundamental strength.
The ENA/USDT chart shows support forming around $0.62–$0.60, with increased buyer interest near $0.60–$0.65. This area could act as a base for future rebounds.
The token recently failed to hold above $0.85–$0.87, breaking its mid-channel structure. However, sustained accumulation could trigger a move back toward the $0.80+ range.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/news/ena-price-prediction-as-ena-usdt-spot/