HostSKY vs ENA — price, size and safety, side by side
SKY (Ethereum) vs ENA (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-10-16 / 2026-10-17.
SKY vs ENA — normalized performance, 2026-09-21 to 2026-10-16T21:15:32
| SKY | ENA | |
|---|---|---|
| Price | $0.07079 | $0.1963 |
| Market cap | $1.79B | $2.91B |
| 24h volume | $2.14M DEX | $3.46M DEX |
| Liquidity | $7.36M | $6.72M |
| FDV | $1.79B | $3.26B |
| Holders | 16,478 | — |
| Age (days) | 333 | 902 |
| Safety grade | B | B |
Where they differ
- ENA measures ~1.6× the market cap of SKY
- ENA measures ~1.6× the 24h volume of SKY
- over the shared window SKY moved −1.85% while ENA moved −9.66%
What the data says
SKY
SKY is the governance token of Sky — the protocol formerly known as MakerDAO — taking over the job MKR held: voting risk parameters and standing as the recapitalization backstop behind its stablecoins. The deployment at 0x56072c95faa701256059aa122697b133aded9279 is the canonical Ethereum contract of the post-rebrand token.
Our October 9, 2026 snapshot reads a $1.8 billion market cap across a 23.5 billion-token supply, with $7.4 million of tracked pool liquidity — thin against the headline — and $760.9 thousand traded in the last day. At 333 days old, the token is still early in the successor role.
ENA
ENA is Ethena's governance token — the asset of the protocol behind USDe, the synthetic dollar that became one of the largest stables on earth by running a delta-neutral hedge rather than holding cash. The deployment 0x57e114b691db790c35207b2e685d4a43181e6061 is the canonical mint; our October 9, 2026 snapshot reads $6.7 million of tracked pool liquidity on this pair set.
The honest shape: ENA's value rides on USDe's durability — a bet on the hedge machinery surviving the negative-funding stress case it was designed for but hasn't fully faced — plus the fee economics of Ethena's stack (USDe, sUSDe, USDtb, and now USDat). It's a governance claim on real, measurable protocol revenue, which puts it a tier above pure attention assets while keeping the tail risk its whole design carries.
FAQ
Which is bigger, SKY or ENA?
By tracked market cap: SKY (Ethereum) measures $1.79B and ENA (Ethereum) measures $2.91B — dated snapshots, not a live feed.
Which is safer, SKY or ENA?
On the contract checks we publish: SKY (Ethereum) grades B and ENA (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have SKY and ENA performed over the shared window?
Between 2026-09-21 and 2026-10-16T21:15:32, the measured snapshots show SKY at −1.85% and ENA at −9.66%.
The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-21→2026-10-16T21:15:32; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a HostDeFi product.