Ethereal DEX(USDe)
Total Value Locked$2.31m
TVL by Chain
Ethereal$2.31m
Key Metrics
Fees 30d$1,682
Fees 30d by chain
Ethereal$1,682
Cumulative Fees$2.95m
Ethereal$2.95m
Revenue 30d$1,682
Revenue 30d by chain
Ethereal$1,682
Cumulative Revenue$2.95m
Ethereal$2.95m
Perp Volume 30d$270,403
Perp Volume 30d by chain
Ethereal$270,403
Cumulative Perp Volume$9.576b
Ethereal$9.576b
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
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 GitHubCompetitors
Frequently Asked Questions
What is Ethereal DEX's TVL?
Ethereal DEX currently has $2.31m in total value locked. TVL has decreased 72.6% 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 $1,682 in fees. Of that, $1,682 was protocol revenue. Based on the trailing year, the annualized rate is $3.29m in fees and $3.29m in revenue.
How does Ethereal DEX's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Ethereal DEX ranks #44 by TVL. The category holds $2.205b across 420 protocols, and Ethereal DEX accounts for 0.1% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMX V2 Perps, Derive V2, Hyperliquid HLP, Extended Perps, Lighter Robinhood Perps, dYdX V4, AZverse Perps, dYdX V3, and Apex Omni.
How much perpetual futures volume does Ethereal DEX process?
Ethereal DEX processed $270,403 in perpetual futures volume over the past 30 days.

