Ethena vs Bitcoin

Live side-by-side snapshot. Over the last 90 days their daily returns had a correlation of 0.54; ENA moved 1.82× as much as BTC on average.

RECENT · 07:03 UTC
MetricEthenaENABitcoinBTC
Price$0.2086$83,303
Market cap$2.80B$1.67T
24h volume$334.02M$27.27B
Turnover (vol / mcap)11.9%1.6%
24h −3.6% −0.4%
7d −11.3% −1.1%
30d +48.4% +7.5%
1y −52.7% −26.0%
30d volatility (ann.)139%39%
Max drawdown (1y)−86.0%−48.9%
From all-time high−86.3%−33.9%
Market cap / FDV89%100%
Research Score58 (grade A)62 (grade A)

Normalised performance (90 days, start = 100)

EthenaENA58
Trend quality
80
Momentum
55
Liquidity
88
Tokenomics (proxy)
56
On-chain activity
—
Derivatives positioning
19
Catalysts & news
—
Risk resilience
23

Ethena research page →

BitcoinBTC62
Trend quality
38
Momentum
53
Liquidity
62
Tokenomics (proxy)
80
On-chain activity
—
Derivatives positioning
60
Catalysts & news
—
Risk resilience
96

Bitcoin research page →