$ENA ENA/USDT trading pair on Binance allows users to trade Ethena (ENA), a decentralized synthetic dollar protocol token, against Tether (USDT), a stablecoin. ENA gained popularity after its airdrop and innovative approach to creating crypto-native dollars without relying on traditional banking systems. On Binance, the ENA/USDT pair offers high liquidity and tight spreads, making it attractive for both spot and futures traders. Its price often reacts to broader DeFi trends and Ethereum activity. Traders should monitor volume spikes and on-chain data to anticipate potential moves. Always manage risk with stop-loss strategies and stay updated with Binance announcements for any ENA-related updates.