Logo of Ethereal DEXEthereal DEX(USDe)
Total Value Locked$3.25m

TVL by Chain

Ethereal$3.25m

Key Metrics

Fees (Annualized)$3.42m
Fees 30d$5,627

Ethereal$5,627

Fees 7d$686

Ethereal$686

Fees 24h$76

Ethereal$76

Cumulative Fees$2.95m

Ethereal$2.95m

Revenue (Annualized)$3.42m
Revenue 30d$5,627

Ethereal$5,627

Revenue 7d$686

Ethereal$686

Revenue 24h$76

Ethereal$76

Cumulative Revenue$2.95m

Ethereal$2.95m

Perp Volume 30d$9.7m
Perp Volume 30d by chain

Ethereal$9.7m

Perp Volume 7d$0

Ethereal$0

Perp Volume 24h$0

Ethereal$0

Cumulative Perp Volume$9.576b

Ethereal$9.576b

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Protocol Information

Ethereal is a non-custodial DEX for spot and perpetual contracts built on the Ethena Network, using USDe as the primary collateral and engineered for CEX-level performance with DeFi security

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Category:Derivatives

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: All trading fees paid by usersView code on GitHubRevenue: All the fees is revenueView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

Jupiter Perpetual Exchange ($745.97m)GMX V2 Perps ($203.72m)Hyperliquid HLP ($189.12m)Derive V2 ($158.77m)Extended Perps ($119.06m)dYdX V4 ($72.06m)AZverse Perps ($51.71m)Lighter Robinhood Perps ($47.65m)dYdX V3 ($38.69m)Apex Omni ($30.75m)

Frequently Asked Questions

What is Ethereal DEX's TVL?

Ethereal DEX currently has $3.25m in total value locked. TVL has decreased 72.2% over the past 30 days.

What chains does Ethereal DEX operate on?

Ethereal DEX operates on Ethereal. Ethereal holds the largest share at 100%.

How much has Ethereal DEX generated in fees and revenue?

Over the past 30 days, Ethereal DEX generated $5,627 in fees. Of that, $5,627 was protocol revenue. Based on the trailing year, the annualized rate is $3.42m in fees and $3.42m in revenue.

How does Ethereal DEX's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Ethereal DEX ranks #36 by TVL. The category holds $2.038b across 419 protocols, and Ethereal DEX accounts for 0.2% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMX V2 Perps, Hyperliquid HLP, Derive V2, Extended Perps, dYdX V4, AZverse Perps, Lighter Robinhood Perps, dYdX V3, and Apex Omni.

How much perpetual futures volume does Ethereal DEX process?

Ethereal DEX processed $9.7m in perpetual futures volume over the past 30 days.