⌘KTry LlamaAI

Ethena USDe(USDE)

Onchain AUM$4.888b

Onchain AUM by chain

Ethereum$2.706b

Plasma$538.41m

Solana$455.32m

Base$392.5m

Robinhood Chain$350.6m

TON$186.53m

Mantle$79.63m

BSC$78.37m

Monad$69.76m

Berachain$12.78m

Hyperliquid L1$7.73m

Avalanche$7.5m

Arbitrum$1.94m

Blast$771,498

MegaETH$336,169

Morph$78,407

Zircuit$66,700

Ink$65,091

Fraxtal$28,866

OP Mainnet$25,144

Movement$21,066

Linea$6,485

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$63

Tempo$22

Key Metrics

Active AUM$4.888b

Ethereum$2.706b

Plasma$538.41m

Solana$455.32m

Base$392.5m

Robinhood Chain$350.6m

TON$186.53m

Mantle$79.63m

BSC$78.37m

Monad$69.76m

Berachain$12.78m

Hyperliquid L1$7.73m

Avalanche$7.5m

Arbitrum$1.94m

Blast$771,498

MegaETH$336,169

Morph$78,407

Zircuit$66,700

Ink$65,091

Fraxtal$28,866

OP Mainnet$25,144

Movement$21,066

Linea$6,485

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$63

Tempo$22

DeFi Active TVL$4.352b

LayerZero V2$2.201b

Ethereum$2.201b

Aave V3$1.179b

Ethereum$538.83m

Plasma$537.67m

Monad$69.55m

Mantle$33.11m

MegaETH$33,659

Avalanche$25,601

Morpho Blue$426.42m

Base$391.39m

Ethereum$34.98m

Hyperliquid L1$58,213

Arbitrum$41

Jupiter Lend$249.62m

Solana$249.62m

Kamino Lend$216.54m

Solana$216.54m

Huma$25.11m

Solana$25.11m

Aave V4$20.98m

Ethereum$20.98m

Curve DEX$9.79m

Ethereum$9.4m

Plasma$339,401

Hyperliquid L1$40,648

Fraxtal$8,547

Arbitrum$545

Uniswap V3$4.33m

Ethereum$3.74m

Avalanche$343,444

Base$228,745

Arbitrum$11,833

BSC$2,677

Kodiak V3$3.43m

Berachain$3.43m

Pendle V2$2.46m

Ethereum$2.17m

Arbitrum$206,554

Monad$58,600

Plasma$27,366

Orca DEX$2.43m

Solana$2.43m

Agni Finance$2.2m

Mantle$2.2m

Ethereal Season Zero$1.58m

Ethereum$1.58m

PumpSwap$1.25m

Solana$1.25m

Compound V3$1.03m

Mantle$1.03m

Ethereum$557

Fluid Lending$1m

Ethereum$942,962

Arbitrum$38,185

Plasma$19,164

Base$40

Thruster V3$758,023

Blast$758,023

Meteora DLMM$640,011

Solana$640,011

Merchant Moe Liquidity Book$444,776

Mantle$444,776

Uniswap V4$402,283

Ethereum$386,027

BSC$4,451

Base$3,922

Avalanche$3,788

OP Mainnet$1,913

Monad$1,415

Arbitrum$347

MegaETH$299

Ink$73

X Layer$48

Zircuit Staking$259,133

Ethereum$201,420

Zircuit$57,713

Injective Bridge$208,879

Ethereum$208,879

Derive V2$187,808

Ethereum$187,598

Arbitrum$175

OP Mainnet$35

Wildcat Protocol$119,621

Ethereum$119,621

Origin ARM$106,520

Ethereum$106,520

Re$64,702

Ethereum$64,702

Yearn Finance$64,273

Arbitrum$64,273

SYMMIO$61,638

Mantle$61,638

HyperLend Pooled$57,046

Hyperliquid L1$57,046

GMX V2 Perps$51,673

Arbitrum$51,673

INIT Capital$34,245

Mantle$33,218

Blast$1,027

Hyperdrive HL Lending$27,077

Hyperliquid L1$27,077

HypurrFi Pooled$27,025

Hyperliquid L1$27,025

Euler V2$26,506

Ethereum$26,382

Plasma$67

Arbitrum$57

Camelot V3$21,249

Arbitrum$21,249

RateX DEX$17,377

Solana$17,377

Velodrome V2$14,970

Fraxtal$14,959

Mode$11

Fuel Bridge$14,681

Ethereum$14,681

Ekubo$14,372

Ethereum$14,372

Tydro$13,284

Ink$13,284

Swell L2 Farm$13,116

Ethereum$13,116

Manifest Trade$12,707

Solana$12,707

Mantle Treasury (Treasury)$12,502

Ethereum$12,502

HyperSwap V3$10,375

Hyperliquid L1$10,375

Venus Core Pool$10,168

BSC$10,040

Ethereum$128

Hyperbeat Earn$10,102

Hyperliquid L1$10,102

Radpie$6,094

Arbitrum$6,094

Chamber (Treasury)$5,718

Ethereum$5,718

KTX Perps$5,205

Mantle$5,205

Lendle Pooled Markets$5,097

Mantle$5,097

Project X$5,087

Hyperliquid L1$5,087

Teller$5,001

Ethereum$5,001

HX Finance$4,702

Hyperliquid L1$4,702

HyperWave$3,658

Ethereum$2,622

Hyperliquid L1$995

Base$41

Beefy$3,193

Arbitrum$2,761

Hyperliquid L1$432

Kittenswap CL$2,342

Hyperliquid L1$2,342

Mezo Bridge$1,873

Ethereum$1,873

Apex Omni$1,658

Ethereum$979

Mantle$679

PancakeSwap AMM V3$1,278

Arbitrum$1,264

Ethereum$14

Parallel Protocol V3$1,257

Hyperliquid L1$1,244

Ethereum$13

Orbit Protocol$1,234

Blast$1,234

Kumbaya$1,211

MegaETH$1,211

Gliquid$959

Hyperliquid L1$959

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Maverick V2$708

ZKsync Era$690

Ethereum$18

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Latch$617

Ethereum$617

Contango V2$603

Ethereum$396

Arbitrum$207

Splice Finance$531

Mode$531

Lendle Isolated Markets$491

Mantle$491

Curve LlamaLend$414

Ethereum$414

SushiSwap V3$401

Arbitrum$371

BSC$30

Rumpel Labs$349

Ethereum$349

SpringX$302

Plasma$302

Omega$299

Mantle$299

Meteora DAMM V1$282

Solana$282

Meteora vaults$282

Solana$282

Fraxlend$278

Ethereum$278

Folks Finance xChain$252

Avalanche$252

Aurelius$250

Mantle$250

Stargate Finance (Treasury)$205

Ethereum$205

PulseChain Bridge$182

Ethereum$182

Cypher V4$179

Ethereum$179

Fraxtal$178

Ethereum$178

PancakeSwap Infinity$175

BSC$175

Native Credit Pool$145

Ethereum$145

Ambient$138

Scroll$138

Ultrasolid V3$130

Hyperliquid L1$130

Aerodrome Slipstream$109

Base$109

BEX$90

Berachain$90

Ring Few$84

Blast$84

Cega V2$75

Ethereum$75

Timeswap V2$73

Hyperliquid L1$73

Radiant V2$70

Ethereum$70

Hybra V3$63

Hyperliquid L1$63

Laminar$62

Hyperliquid L1$62

Royco V1$61

Ethereum$61

SuperHedge$54

Ethereum$54

Supernova CL$52

Ethereum$52

Velkonix$50

MegaETH$50

Poolshark$50

Mode$50

Lista Lending$42

BSC$42

Nile CL$40

Linea$40

Ocelex V2$37

Zircuit$37

LayerBank$30

Scroll$30

deBridge$29

Ethereum$15

Arbitrum$14

Ionex$26

Plasma$26

Velodrome V3$26

Ink$26

edgeX (Treasury)$23

Ethereum$23

Tokenlon AMM$22

Ethereum$22

NEAR Intents$18

Ethereum$18

Kittenswap Algebra$15

Hyperliquid L1$15

ShapeShift (Treasury)$14

Ethereum$14

Aerodrome V1$11

Base$11

Railgun$10

Ethereum$10

USDE Price$1

Chains27

Native Yield4.94%

Ethena USDe(USDE)

Onchain AUM$4.888b

Onchain AUM by chain

Ethereum$2.706b

Plasma$538.41m

Solana$455.32m

Base$392.5m

Robinhood Chain$350.6m

TON$186.53m

Mantle$79.63m

BSC$78.37m

Monad$69.76m

Berachain$12.78m

Hyperliquid L1$7.73m

Avalanche$7.5m

Arbitrum$1.94m

Blast$771,498

MegaETH$336,169

Morph$78,407

Zircuit$66,700

Ink$65,091

Fraxtal$28,866

OP Mainnet$25,144

Movement$21,066

Linea$6,485

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$63

Tempo$22

Market dataNet FlowsFlow vs price

Key Metrics

Active AUM$4.888b

Ethereum$2.706b

Plasma$538.41m

Solana$455.32m

Base$392.5m

Robinhood Chain$350.6m

TON$186.53m

Mantle$79.63m

BSC$78.37m

Monad$69.76m

Berachain$12.78m

Hyperliquid L1$7.73m

Avalanche$7.5m

Arbitrum$1.94m

Blast$771,498

MegaETH$336,169

Morph$78,407

Zircuit$66,700

Ink$65,091

Fraxtal$28,866

OP Mainnet$25,144

Movement$21,066

Linea$6,485

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$63

Tempo$22

DeFi Active TVL$4.352b

LayerZero V2$2.201b

Ethereum$2.201b

Aave V3$1.179b

Ethereum$538.83m

Plasma$537.67m

Monad$69.55m

Mantle$33.11m

MegaETH$33,659

Avalanche$25,601

Morpho Blue$426.42m

Base$391.39m

Ethereum$34.98m

Hyperliquid L1$58,213

Arbitrum$41

Jupiter Lend$249.62m

Solana$249.62m

Kamino Lend$216.54m

Solana$216.54m

Huma$25.11m

Solana$25.11m

Aave V4$20.98m

Ethereum$20.98m

Curve DEX$9.79m

Ethereum$9.4m

Plasma$339,401

Hyperliquid L1$40,648

Fraxtal$8,547

Arbitrum$545

Uniswap V3$4.33m

Ethereum$3.74m

Avalanche$343,444

Base$228,745

Arbitrum$11,833

BSC$2,677

Kodiak V3$3.43m

Berachain$3.43m

Pendle V2$2.46m

Ethereum$2.17m

Arbitrum$206,554

Monad$58,600

Plasma$27,366

Orca DEX$2.43m

Solana$2.43m

Agni Finance$2.2m

Mantle$2.2m

Ethereal Season Zero$1.58m

Ethereum$1.58m

PumpSwap$1.25m

Solana$1.25m

Compound V3$1.03m

Mantle$1.03m

Ethereum$557

Fluid Lending$1m

Ethereum$942,962

Arbitrum$38,185

Plasma$19,164

Base$40

Thruster V3$758,023

Blast$758,023

Meteora DLMM$640,011

Solana$640,011

Merchant Moe Liquidity Book$444,776

Mantle$444,776

Uniswap V4$402,283

Ethereum$386,027

BSC$4,451

Base$3,922

Avalanche$3,788

OP Mainnet$1,913

Monad$1,415

Arbitrum$347

MegaETH$299

Ink$73

X Layer$48

Zircuit Staking$259,133

Ethereum$201,420

Zircuit$57,713

Injective Bridge$208,879

Ethereum$208,879

Derive V2$187,808

Ethereum$187,598

Arbitrum$175

OP Mainnet$35

Wildcat Protocol$119,621

Ethereum$119,621

Origin ARM$106,520

Ethereum$106,520

Re$64,702

Ethereum$64,702

Yearn Finance$64,273

Arbitrum$64,273

SYMMIO$61,638

Mantle$61,638

HyperLend Pooled$57,046

Hyperliquid L1$57,046

GMX V2 Perps$51,673

Arbitrum$51,673

INIT Capital$34,245

Mantle$33,218

Blast$1,027

Hyperdrive HL Lending$27,077

Hyperliquid L1$27,077

HypurrFi Pooled$27,025

Hyperliquid L1$27,025

Euler V2$26,506

Ethereum$26,382

Plasma$67

Arbitrum$57

Camelot V3$21,249

Arbitrum$21,249

RateX DEX$17,377

Solana$17,377

Velodrome V2$14,970

Fraxtal$14,959

Mode$11

Fuel Bridge$14,681

Ethereum$14,681

Ekubo$14,372

Ethereum$14,372

Tydro$13,284

Ink$13,284

Swell L2 Farm$13,116

Ethereum$13,116

Manifest Trade$12,707

Solana$12,707

Mantle Treasury (Treasury)$12,502

Ethereum$12,502

HyperSwap V3$10,375

Hyperliquid L1$10,375

Venus Core Pool$10,168

BSC$10,040

Ethereum$128

Hyperbeat Earn$10,102

Hyperliquid L1$10,102

Radpie$6,094

Arbitrum$6,094

Chamber (Treasury)$5,718

Ethereum$5,718

KTX Perps$5,205

Mantle$5,205

Lendle Pooled Markets$5,097

Mantle$5,097

Project X$5,087

Hyperliquid L1$5,087

Teller$5,001

Ethereum$5,001

HX Finance$4,702

Hyperliquid L1$4,702

HyperWave$3,658

Ethereum$2,622

Hyperliquid L1$995

Base$41

Beefy$3,193

Arbitrum$2,761

Hyperliquid L1$432

Kittenswap CL$2,342

Hyperliquid L1$2,342

Mezo Bridge$1,873

Ethereum$1,873

Apex Omni$1,658

Ethereum$979

Mantle$679

PancakeSwap AMM V3$1,278

Arbitrum$1,264

Ethereum$14

Parallel Protocol V3$1,257

Hyperliquid L1$1,244

Ethereum$13

Orbit Protocol$1,234

Blast$1,234

Kumbaya$1,211

MegaETH$1,211

Gliquid$959

Hyperliquid L1$959

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Maverick V2$708

ZKsync Era$690

Ethereum$18

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Latch$617

Ethereum$617

Contango V2$603

Ethereum$396

Arbitrum$207

Splice Finance$531

Mode$531

Lendle Isolated Markets$491

Mantle$491

Curve LlamaLend$414

Ethereum$414

SushiSwap V3$401

Arbitrum$371

BSC$30

Rumpel Labs$349

Ethereum$349

SpringX$302

Plasma$302

Omega$299

Mantle$299

Meteora DAMM V1$282

Solana$282

Meteora vaults$282

Solana$282

Fraxlend$278

Ethereum$278

Folks Finance xChain$252

Avalanche$252

Aurelius$250

Mantle$250

Stargate Finance (Treasury)$205

Ethereum$205

PulseChain Bridge$182

Ethereum$182

Cypher V4$179

Ethereum$179

Fraxtal$178

Ethereum$178

PancakeSwap Infinity$175

BSC$175

Native Credit Pool$145

Ethereum$145

Ambient$138

Scroll$138

Ultrasolid V3$130

Hyperliquid L1$130

Aerodrome Slipstream$109

Base$109

BEX$90

Berachain$90

Ring Few$84

Blast$84

Cega V2$75

Ethereum$75

Timeswap V2$73

Hyperliquid L1$73

Radiant V2$70

Ethereum$70

Hybra V3$63

Hyperliquid L1$63

Laminar$62

Hyperliquid L1$62

Royco V1$61

Ethereum$61

SuperHedge$54

Ethereum$54

Supernova CL$52

Ethereum$52

Velkonix$50

MegaETH$50

Poolshark$50

Mode$50

Lista Lending$42

BSC$42

Nile CL$40

Linea$40

Ocelex V2$37

Zircuit$37

LayerBank$30

Scroll$30

deBridge$29

Ethereum$15

Arbitrum$14

Ionex$26

Plasma$26

Velodrome V3$26

Ink$26

edgeX (Treasury)$23

Ethereum$23

Tokenlon AMM$22

Ethereum$22

NEAR Intents$18

Ethereum$18

Kittenswap Algebra$15

Hyperliquid L1$15

ShapeShift (Treasury)$14

Ethereum$14

Aerodrome V1$11

Base$11

Railgun$10

Ethereum$10

USDE Price$1

Chains27

Native Yield4.94%

Token Properties

CategoryNon-RWA Stablecoins

Asset ClassSynthetic Stable

TypeAsset

RWA ClassificationRWA

Access ModelPermissionless

Parent PlatformEthena

Classification

KYC to Mint or RedeemIndicates whether minting or redeeming the token through the issuer or primary market requires KYC/AML verification (KYC/KYB/onboarding)

TransferableIndicates whether the token can be transferred freely between on chain addresses

Self CustodyIndicates whether the token can be held in a user controlled wallet

AttestationsIndicates whether the issuer provides periodic attestations or assurance reports regarding reserves or backing

Asset Information

IssuerEthena Labs, S.A.

Registry InformationEthena Labs, S.A. – Portuguese company limited by shares (sociedade anónima), legal address Rua Presidente Arriaga nº 54, 4º, 1200-773 Lisboa, Portugal, registration authority entity ID 517591111, Legal Entity Identifier (LEI) 894500K29XZNTAWSC539.

Sourcehttps://www.lei-lookup.com/record/894500K29XZNTAWSC539/

Website X/Twitter Ethena USDe Binance CEX OKX Bybit MEXC KuCoin Bitget Gate Bitfinex Bitmex Crypto-com Deribit Gemini HTX BingX Phemex Ourbit BitMart LinkedIn Docs GitHub Telegram

Attestations

Date of Last Attestation:2025-10-26

Attestation Frequency:Monthly (custodian attestations); Weekly (PoR from Jan 2026)

Notes

USDe is a synthetic dollar asset designed to target price stability through collateral plus hedged positioning in derivatives markets. Its stability and yield dynamics are tied to hedge performance and the costs and returns available in perpetual and futures markets, creating a return profile that can differ meaningfully from reserve-backed cash-management products.

Native Yield

4.94%

Historical APY from Ethena Labs, S.A.

DeFi Yield Opportunities (73)

Pool	Reference	Protocol
1 aPlaUSDeAave Plasma USDe	USDe	Aave V3	$572.24m	0.30%	Mixed 51
2 aEthUSDeAave Ethereum USDe	USDe	Aave V3	$554.89m	0.14%	Mixed 51	1,688
3 reUSDRe Protocol Deposit Token	reUSD	Re	$280.44m	6.89%	Stable 99	796
4 USDeEthena Market	USDe	Kamino Lend	$216.26m	0.00%	Stable 100
5 aMonUSDeAave Monad USDe	USDe	Aave V3	$69.78m	1.02%0.02%+1.00%	Mixed 58	55
6 FRAXUSDeFRAXUSDe	FRAX-USDe	Curve DEX	$34.04m	3.06%0.00%+3.06%	Stable 90	77
7 FRAXUSDeFRAXUSDe	FRAX-USDe	Convex Finance	$33.93m	4.21%0.01%+4.20%	Stable 92	77
8 aManUSDeAave Mantle USDe	USDe	Aave V3	$33.13m	<0.01%	Mixed 47
9 USDePlus	USDe	Aave V4	$20.99m	5.39%<0.01%+5.39%	Stable 91	0
10 reUSDeRe Protocol reUSDe	reUSDe	Re	$20.65m	11.80%	Stable 98	521