⌘KTry LlamaAI

Ethena USDe(USDE)

Onchain Marketcap$4.593b

Onchain Marketcap by chain

Ethereum$2.584b

Solana$533.17m

Plasma$368.71m

Base$353.09m

Robinhood Chain$326.08m

TON$170.26m

Monad$85.87m

BSC$78.39m

Mantle$61.14m

Berachain$11.89m

Hyperliquid L1$8.84m

Avalanche$5.62m

Arbitrum$4.01m

Blast$928,858

MegaETH$374,426

Morph$78,399

Zircuit$66,899

Ink$61,380

Fraxtal$29,182

Movement$21,063

OP Mainnet$13,146

Linea$6,543

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

Key Metrics

Active Marketcap$4.593b

Ethereum$2.584b

Solana$533.17m

Plasma$368.71m

Base$353.09m

Robinhood Chain$326.08m

TON$170.26m

Monad$85.87m

BSC$78.39m

Mantle$61.14m

Berachain$11.89m

Hyperliquid L1$8.84m

Avalanche$5.62m

Arbitrum$4.01m

Blast$928,858

MegaETH$374,426

Morph$78,399

Zircuit$66,899

Ink$61,380

Fraxtal$29,182

Movement$21,063

OP Mainnet$13,146

Linea$6,543

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

DeFi Active TVL$3.924b

LayerZero V2$2.012b

Ethereum$2.012b

Aave V3$998.41m

Ethereum$529.89m

Plasma$368.22m

Monad$85.79m

Mantle$14.46m

MegaETH$50,509

Avalanche$2,080

Morpho Blue$352.51m

Base$351.95m

Ethereum$511,815

Hyperliquid L1$51,400

Arbitrum$41

Kamino Lend$265.77m

Solana$265.77m

Jupiter Lend$261.57m

Solana$261.57m

Curve DEX$9.83m

Ethereum$9.45m

Plasma$341,778

Hyperliquid L1$40,213

Fraxtal$3,620

Arbitrum$533

Kodiak V3$3.39m

Berachain$3.39m

Pendle V2$3.06m

Ethereum$2.37m

Plasma$254,069

Arbitrum$214,273

BSC$98,612

Mantle$64,732

Monad$58,598

Base$1,679

Hyperliquid L1$108

Berachain$40

Orca DEX$2.81m

Solana$2.81m

Agni Finance$2.2m

Mantle$2.2m

Uniswap V4$2.08m

Ethereum$2.07m

BSC$4,450

Base$3,925

OP Mainnet$1,913

Monad$1,441

Avalanche$1,255

Arbitrum$1,105

MegaETH$299

Blast$108

X Layer$48

Ethereal Season Zero$1.81m

Ethereum$1.81m

PumpSwap$1.25m

Solana$1.25m

Fluid Lending$1.09m

Ethereum$938,706

Plasma$125,770

Arbitrum$26,389

Base$39

Aave V4$1.06m

Ethereum$1.06m

Compound V3$1.03m

Mantle$1.03m

Ethereum$557

Thruster V3$887,302

Blast$887,302

Meteora DLMM$617,645

Solana$617,645

Merchant Moe Liquidity Book$452,747

Mantle$452,747

Zircuit Staking$264,268

Ethereum$201,413

Zircuit$62,855

Ekubo$217,763

Ethereum$217,763

Injective Bridge$209,443

Ethereum$209,443

Derive V2$192,266

Ethereum$192,056

Arbitrum$175

OP Mainnet$35

OpenGDP Shared Security$175,250

Ethereum$175,250

Wildcat Protocol$161,936

Ethereum$161,936

GMX V2 Perps$80,298

Arbitrum$80,298

Metric V2$79,279

Ethereum$79,279

HypurrFi Pooled$75,487

Hyperliquid L1$75,487

Yearn Finance$64,274

Arbitrum$64,274

SYMMIO$60,628

Mantle$60,628

Origin ARM$54,892

Ethereum$54,892

HyperLend Pooled$53,147

Hyperliquid L1$53,147

Camelot V3$38,319

Arbitrum$38,319

INIT Capital$34,713

Mantle$33,685

Blast$1,028

Hyperdrive HL Lending$29,976

Hyperliquid L1$29,976

Manifest Trade$25,701

Solana$25,701

Re$18,418

Ethereum$18,418

RateX DEX$17,376

Solana$17,376

Velodrome V2$16,877

Fraxtal$16,867

Mode$10

Venus Core Pool$15,668

BSC$15,551

Ethereum$117

Fuel Bridge$14,681

Ethereum$14,681

Parallel Protocol V3$13,288

Hyperliquid L1$13,275

Ethereum$13

Swell L2 Farm$13,116

Ethereum$13,116

Mantle Treasury (Treasury)$12,501

Ethereum$12,501

HyperSwap V3$10,941

Hyperliquid L1$10,941

Hyperbeat Earn$10,326

Hyperliquid L1$10,326

Tydro$9,659

Ink$9,659

Radpie$6,094

Arbitrum$6,094

Chamber (Treasury)$5,703

Ethereum$5,703

Project X$5,218

Hyperliquid L1$5,218

KTX Perps$5,204

Mantle$5,204

Lendle Pooled Markets$5,128

Mantle$5,128

Teller$5,001

Ethereum$5,001

Euler V2$4,780

Ethereum$4,656

Plasma$67

Arbitrum$57

HX Finance$4,723

Hyperliquid L1$4,723

HyperWave$3,494

Ethereum$2,639

Hyperliquid L1$814

Base$41

Beefy$3,377

Arbitrum$3,041

Hyperliquid L1$336

Kittenswap CL$3,070

Hyperliquid L1$3,070

Mezo Bridge$1,902

Ethereum$1,902

Apex Omni$1,658

Ethereum$979

Mantle$679

PancakeSwap AMM V3$1,259

Arbitrum$1,245

Ethereum$14

Orbit Protocol$1,234

Blast$1,234

Kumbaya$1,017

MegaETH$1,017

Gliquid$958

Hyperliquid L1$958

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Maverick V2$709

ZKsync Era$687

Ethereum$22

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Latch$617

Ethereum$617

Splice Finance$531

Mode$531

Lendle Isolated Markets$518

Mantle$518

Curve LlamaLend$414

Ethereum$414

SushiSwap V3$399

Arbitrum$370

BSC$29

Rumpel Labs$361

Ethereum$361

Omega$299

Mantle$299

Fraxlend$278

Ethereum$278

SpringX$278

Plasma$278

Meteora DAMM V1$264

Solana$264

Meteora vaults$263

Solana$263

Aurelius$250

Mantle$250

Folks Finance xChain$238

Avalanche$238

Stargate Finance (Treasury)$205

Ethereum$205

PulseChain Bridge$182

Ethereum$182

Fraxtal$178

Ethereum$178

PancakeSwap Infinity$174

BSC$174

Cypher V4$170

Ethereum$170

Native Credit Pool$145

Ethereum$145

Ambient$135

Scroll$135

Ultrasolid V3$121

Hyperliquid L1$121

Aerodrome Slipstream$119

Base$119

BEX$90

Berachain$90

Ring Few$84

Blast$84

Ocelex V2$84

Zircuit$84

Cega V2$75

Ethereum$75

Timeswap V2$73

Hyperliquid L1$73

Radiant V2$70

Ethereum$70

Hybra V3$65

Hyperliquid L1$65

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

LayerBank$30

Scroll$30

deBridge$29

Ethereum$15

Arbitrum$14

Ionex$28

Plasma$28

Ramses CL V2$27

Hyperliquid L1$27

Velodrome V3$26

Ink$26

edgeX (Treasury)$23

Ethereum$23

Tokenlon AMM$22

Ethereum$22

Zuit Swap$17

Zircuit$17

Kittenswap Algebra$15

Hyperliquid L1$15

ShapeShift (Treasury)$14

Ethereum$14

Superloop$13

Ethereum$13

Aerodrome V1$12

Base$12

Railgun$10

Ethereum$10

USDE Price$1

Chains29

Native Yield4.91%

Ethena USDe(USDE)

Onchain Marketcap$4.593b

Onchain Marketcap by chain

Ethereum$2.584b

Solana$533.17m

Plasma$368.71m

Base$353.09m

Robinhood Chain$326.08m

TON$170.26m

Monad$85.87m

BSC$78.39m

Mantle$61.14m

Berachain$11.89m

Hyperliquid L1$8.84m

Avalanche$5.62m

Arbitrum$4.01m

Blast$928,858

MegaETH$374,426

Morph$78,399

Zircuit$66,899

Ink$61,380

Fraxtal$29,182

Movement$21,063

OP Mainnet$13,146

Linea$6,543

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

Market dataNet FlowsFlow vs price

Key Metrics

Active Marketcap$4.593b

Ethereum$2.584b

Solana$533.17m

Plasma$368.71m

Base$353.09m

Robinhood Chain$326.08m

TON$170.26m

Monad$85.87m

BSC$78.39m

Mantle$61.14m

Berachain$11.89m

Hyperliquid L1$8.84m

Avalanche$5.62m

Arbitrum$4.01m

Blast$928,858

MegaETH$374,426

Morph$78,399

Zircuit$66,899

Ink$61,380

Fraxtal$29,182

Movement$21,063

OP Mainnet$13,146

Linea$6,543

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

DeFi Active TVL$3.924b

LayerZero V2$2.012b

Ethereum$2.012b

Aave V3$998.41m

Ethereum$529.89m

Plasma$368.22m

Monad$85.79m

Mantle$14.46m

MegaETH$50,509

Avalanche$2,080

Morpho Blue$352.51m

Base$351.95m

Ethereum$511,815

Hyperliquid L1$51,400

Arbitrum$41

Kamino Lend$265.77m

Solana$265.77m

Jupiter Lend$261.57m

Solana$261.57m

Curve DEX$9.83m

Ethereum$9.45m

Plasma$341,778

Hyperliquid L1$40,213

Fraxtal$3,620

Arbitrum$533

Kodiak V3$3.39m

Berachain$3.39m

Pendle V2$3.06m

Ethereum$2.37m

Plasma$254,069

Arbitrum$214,273

BSC$98,612

Mantle$64,732

Monad$58,598

Base$1,679

Hyperliquid L1$108

Berachain$40

Orca DEX$2.81m

Solana$2.81m

Agni Finance$2.2m

Mantle$2.2m

Uniswap V4$2.08m

Ethereum$2.07m

BSC$4,450

Base$3,925

OP Mainnet$1,913

Monad$1,441

Avalanche$1,255

Arbitrum$1,105

MegaETH$299

Blast$108

X Layer$48

Ethereal Season Zero$1.81m

Ethereum$1.81m

PumpSwap$1.25m

Solana$1.25m

Fluid Lending$1.09m

Ethereum$938,706

Plasma$125,770

Arbitrum$26,389

Base$39

Aave V4$1.06m

Ethereum$1.06m

Compound V3$1.03m

Mantle$1.03m

Ethereum$557

Thruster V3$887,302

Blast$887,302

Meteora DLMM$617,645

Solana$617,645

Merchant Moe Liquidity Book$452,747

Mantle$452,747

Zircuit Staking$264,268

Ethereum$201,413

Zircuit$62,855

Ekubo$217,763

Ethereum$217,763

Injective Bridge$209,443

Ethereum$209,443

Derive V2$192,266

Ethereum$192,056

Arbitrum$175

OP Mainnet$35

OpenGDP Shared Security$175,250

Ethereum$175,250

Wildcat Protocol$161,936

Ethereum$161,936

GMX V2 Perps$80,298

Arbitrum$80,298

Metric V2$79,279

Ethereum$79,279

HypurrFi Pooled$75,487

Hyperliquid L1$75,487

Yearn Finance$64,274

Arbitrum$64,274

SYMMIO$60,628

Mantle$60,628

Origin ARM$54,892

Ethereum$54,892

HyperLend Pooled$53,147

Hyperliquid L1$53,147

Camelot V3$38,319

Arbitrum$38,319

INIT Capital$34,713

Mantle$33,685

Blast$1,028

Hyperdrive HL Lending$29,976

Hyperliquid L1$29,976

Manifest Trade$25,701

Solana$25,701

Re$18,418

Ethereum$18,418

RateX DEX$17,376

Solana$17,376

Velodrome V2$16,877

Fraxtal$16,867

Mode$10

Venus Core Pool$15,668

BSC$15,551

Ethereum$117

Fuel Bridge$14,681

Ethereum$14,681

Parallel Protocol V3$13,288

Hyperliquid L1$13,275

Ethereum$13

Swell L2 Farm$13,116

Ethereum$13,116

Mantle Treasury (Treasury)$12,501

Ethereum$12,501

HyperSwap V3$10,941

Hyperliquid L1$10,941

Hyperbeat Earn$10,326

Hyperliquid L1$10,326

Tydro$9,659

Ink$9,659

Radpie$6,094

Arbitrum$6,094

Chamber (Treasury)$5,703

Ethereum$5,703

Project X$5,218

Hyperliquid L1$5,218

KTX Perps$5,204

Mantle$5,204

Lendle Pooled Markets$5,128

Mantle$5,128

Teller$5,001

Ethereum$5,001

Euler V2$4,780

Ethereum$4,656

Plasma$67

Arbitrum$57

HX Finance$4,723

Hyperliquid L1$4,723

HyperWave$3,494

Ethereum$2,639

Hyperliquid L1$814

Base$41

Beefy$3,377

Arbitrum$3,041

Hyperliquid L1$336

Kittenswap CL$3,070

Hyperliquid L1$3,070

Mezo Bridge$1,902

Ethereum$1,902

Apex Omni$1,658

Ethereum$979

Mantle$679

PancakeSwap AMM V3$1,259

Arbitrum$1,245

Ethereum$14

Orbit Protocol$1,234

Blast$1,234

Kumbaya$1,017

MegaETH$1,017

Gliquid$958

Hyperliquid L1$958

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Maverick V2$709

ZKsync Era$687

Ethereum$22

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Latch$617

Ethereum$617

Splice Finance$531

Mode$531

Lendle Isolated Markets$518

Mantle$518

Curve LlamaLend$414

Ethereum$414

SushiSwap V3$399

Arbitrum$370

BSC$29

Rumpel Labs$361

Ethereum$361

Omega$299

Mantle$299

Fraxlend$278

Ethereum$278

SpringX$278

Plasma$278

Meteora DAMM V1$264

Solana$264

Meteora vaults$263

Solana$263

Aurelius$250

Mantle$250

Folks Finance xChain$238

Avalanche$238

Stargate Finance (Treasury)$205

Ethereum$205

PulseChain Bridge$182

Ethereum$182

Fraxtal$178

Ethereum$178

PancakeSwap Infinity$174

BSC$174

Cypher V4$170

Ethereum$170

Native Credit Pool$145

Ethereum$145

Ambient$135

Scroll$135

Ultrasolid V3$121

Hyperliquid L1$121

Aerodrome Slipstream$119

Base$119

BEX$90

Berachain$90

Ring Few$84

Blast$84

Ocelex V2$84

Zircuit$84

Cega V2$75

Ethereum$75

Timeswap V2$73

Hyperliquid L1$73

Radiant V2$70

Ethereum$70

Hybra V3$65

Hyperliquid L1$65

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

LayerBank$30

Scroll$30

deBridge$29

Ethereum$15

Arbitrum$14

Ionex$28

Plasma$28

Ramses CL V2$27

Hyperliquid L1$27

Velodrome V3$26

Ink$26

edgeX (Treasury)$23

Ethereum$23

Tokenlon AMM$22

Ethereum$22

Zuit Swap$17

Zircuit$17

Kittenswap Algebra$15

Hyperliquid L1$15

ShapeShift (Treasury)$14

Ethereum$14

Superloop$13

Ethereum$13

Aerodrome V1$12

Base$12

Railgun$10

Ethereum$10

USDE Price$1

Chains29

Native Yield4.91%

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 Twitter 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 Yield4.91%

Historical APY from Ethena Labs, S.A.

DeFi Yield Opportunities (77)

Pool	Reference	Protocol
1 aEthUSDeAave Ethereum USDe	USDe	Aave V3	$630.26m	4.75%0.76%+3.99%	Stable 75	1,701
2 aPlaUSDeAave Plasma USDe	USDe	Aave V3	$432.42m	4.75%0.72%+4.03%	Stable 79
3 USDeEthena Market	USDe	Kamino Lend	$265.55m	0.00%	Stable 100
4 reUSDRe Protocol Deposit Token	reUSD	Re	$244.86m	6.63%	Stable 98	782
5 aMonUSDeAave Monad USDe	USDe	Aave V3	$91.91m	5.75%0.32%+5.43%	Stable 89	50
6 FRAXUSDeFRAXUSDe	FRAX-USDe	Curve DEX	$34.03m	2.95%0.01%+2.94%	Stable 92	77
7 FRAXUSDeFRAXUSDe	FRAX-USDe	Convex Finance	$33.92m	4.47%0.01%+4.46%	Stable 93	77
8 srUSDeStrata Senior USDe	USDe	Strata Markets🪂	$22.45m	3.96%	Stable 95	2,469
9 reUSDeRe Protocol reUSDe	reUSDe	Re	$20.24m	12.28%	Stable 100	533
10 aManUSDeAave Mantle USDe	USDe	Aave V3	$14.53m	4.75%0.02%+4.73%	Stable 85