What is the difference between Ethena and USD1?

Ethena (ENA) and USD1 (USD1) are both cryptocurrencies with different market capitalizations. USD1 has approximately 1.6x the market cap. Compare their prices, volumes, and market performance.

Which has a higher market cap: Ethena or USD1?

USD1 has a higher market capitalization at $4.42B compared to Ethena at $2.75B. Market cap represents the total value of all circulating coins.

What would Ethena price be if it had USD1 market cap?

If Ethena reached the market cap of USD1, its price would be approximately $0.4375, representing a 1.61x. This assumes constant circulating supply.

What is circulating supply?

Circulating supply is the number of coins or tokens that are currently available and circulating in the market. It excludes coins that are locked, reserved, or not yet released. This is different from total supply and max supply. Circulating supply is used to calculate market cap: Price × Circulating Supply = Market Cap.

What is the difference between circulating supply and maximum supply for Ethena and USD1?

Ethena has a circulating supply of 10,095,312,500 coins, while USD1 has 4,418,506,659 coins. Circulating supply is the amount currently available and trading in the market. Maximum supply is the total number that will ever exist. A lower supply with high demand can lead to higher prices, while higher supply means more coins are available for trading.

What is Ethena's market cap?

The market cap of Ethena is currently $2.75B. Market cap is calculated by multiplying the current price ($0.27) by the circulating supply (10,095,312,500 ENA).

What is USD1's market cap?

The market cap of USD1 is currently $4.42B. Market cap is calculated by multiplying the current price ($1.00) by the circulating supply (4,418,506,659 USD1).

What is Ethena's all-time high (ATH)?

The all-time high of Ethena is currently $1.52. This means ENA is currently 82.1% below its peak price. The ATH represents the highest price ever recorded for this cryptocurrency.

What is USD1's all-time high (ATH)?

The all-time high of USD1 is currently $1.05. This means USD1 is currently 4.6% below its peak price. The ATH represents the highest price ever recorded for this cryptocurrency.

What is 24-hour trading volume?

24-hour trading volume represents the total value of all trades executed in the past 24 hours. ENA has a 24h volume of $427.00M, while USD1 has $572.45M. Higher volume indicates more liquidity and typically easier buying/selling with less price impact.

What does market cap rank mean?

Market cap rank shows a cryptocurrency's position relative to all other cryptocurrencies. ENA is ranked #40 and USD1 is ranked #31. Rank #1 means the largest market cap in the crypto market. This ranking changes constantly as prices fluctuate.

How much would Ethena be worth if it had USD1's market cap?

If Ethena had USD1's market cap, its price would be approximately $0.4375. This represents a 1.61x from its current price. This projection helps visualize the valuation gap between the two cryptocurrencies based on current market conditions.

Calculate the price of Ethena with the market cap of USD1

Select two assets — we recalculate what the first would cost if it matched the second's total market value.

Coin A

Coin B

Ethena price with the market cap of USD1

$0.4375 (1.61x)

If Ethena had USD1's market cap, its price would sit 60.7% above today's — a 1.61x move from the current price.

ENA mcap #40 $2.75B

USD1 mcap #31 $4.42B

Holdings

ENA

At a glance

Coin B commands premium pricing despite smaller market cap

	EthenaENA	USD1
Spot price	$0.2722	$0.9995
Market cap	$2.75B	$4.42B
Fully diluted valuation	$4.08B	$4.42B
Global rank	#40	#31
24h high	$0.2852	$0.9996
24h low	$0.2648	$0.9993
24h volume	$427.00M	$572.45M
Volume / market cap	+15.54%	+12.96%

Performance, extremes & supply

Slight momentum difference between the two

	EthenaENA	USD1
24h change	-4.18%	+0.00%
7d change	+33.91%	+0.00%
30d change	+58.92%	-0.02%
All-time high	$1.52	$1.05
From ATH	-82.06%	-4.62%
All-time low	$0.0702	$0.9888
Circulating supply	10,095,312,500 ENA	4,418,506,659 USD1
Total supply	15,000,000,000 ENA	4,418,506,659 USD1
Max supply	15,000,000,000 ENA	Unlimited

Sentiment & social reach

Crowd signals, watchlist traction, and audience scale across public channels.

	EthenaENA	USD1
Bullish sentiment	+90.32%	+0.00%
Watchlist users	$115.58K	$13.29K
Reddit subscribers	$0.00	$0.00
Telegram users	$0.00	$0.00

Frequently asked questions

Answers about these assets and how the comparison is calculated.

What is Ethena?

Ethena (ENA) is a cryptocurrency that operates on blockchain technology. It can be used for peer-to-peer transactions, investments, and various decentralized applications depending on its specific features and use cases.

What is USD1?

USD1 (USD1) is a cryptocurrency that operates on blockchain technology. It can be used for peer-to-peer transactions, investments, and various decentralized applications depending on its specific features and use cases.

What makes Ethena different from USD1?

Ethena (ENA) and USD1 (USD1) are different cryptocurrencies with distinct use cases, technical implementations, and market positions. They may differ in consensus mechanisms, transaction speeds, supply models, and ecosystem development. Compare their market caps, trading volumes, and historical performance to understand their relative positions in the crypto market.

Should I buy ENA or USD1?

This comparison tool helps you understand the market valuations, but it does not constitute financial advice. Both cryptocurrencies have different use cases, risk profiles, and market positions. Do your own research, understand the technology, and consider your risk tolerance before investing. Past performance does not guarantee future results.

Where can I buy Ethena and USD1?

Both Ethena and USD1 can be purchased on most major cryptocurrency exchanges including Coinbase, Binance, Kraken, and others. You will need to create an account, verify your identity, deposit funds, and then trade for the cryptocurrency you want.

How does Ethena work?

Ethena operates on blockchain technology using a consensus mechanism to validate transactions. The specific technical details depend on whether it uses Proof of Work, Proof of Stake, or another consensus algorithm. Transactions are recorded on a distributed ledger maintained by network nodes.

How does USD1 work?

USD1 operates on blockchain technology using a consensus mechanism to validate transactions. The specific technical details depend on whether it uses Proof of Work, Proof of Stake, or another consensus algorithm. Transactions are recorded on a distributed ledger maintained by network nodes.