⌘KTry LlamaAI

Ethena USDe(USDE)

Onchain Marketcap$3.856b

Onchain Marketcap by chain

Ethereum$2.32b

Solana$539.28m

Base$274.4m

Robinhood Chain$213.56m

BSC$168.52m

TON$120.93m

Plasma$106.59m

Mantle$67.48m

Hyperliquid L1$16.25m

Berachain$12.85m

Monad$11.31m

Arbitrum$1.83m

Blast$931,233

Avalanche$807,867

MegaETH$457,580

Morph$78,490

Zircuit$74,623

Ink$67,617

Fraxtal$30,263

Movement$21,322

OP Mainnet$13,603

Linea$6,963

ZKsync Era$2,568

Scroll$1,966

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

Key Metrics

Active Marketcap$3.856b

Ethereum$2.32b

Solana$539.28m

Base$274.4m

Robinhood Chain$213.56m

BSC$168.52m

TON$120.93m

Plasma$106.59m

Mantle$67.48m

Hyperliquid L1$16.25m

Berachain$12.85m

Monad$11.31m

Arbitrum$1.83m

Blast$931,233

Avalanche$807,867

MegaETH$457,580

Morph$78,490

Zircuit$74,623

Ink$67,617

Fraxtal$30,263

Movement$21,322

OP Mainnet$13,603

Linea$6,963

ZKsync Era$2,568

Scroll$1,966

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

DeFi Active TVL$2.752b

LayerZero V2$1.547b

Ethereum$1.547b

Aave V3$323.4m

Ethereum$199.37m

Plasma$104.81m

Monad$10.13m

Mantle$8.94m

MegaETH$154,868

Avalanche$1,871

Morpho Blue$273.77m

Base$273.17m

Ethereum$539,173

Hyperliquid L1$63,768

Arbitrum$41

Kamino Lend$271.76m

Solana$271.76m

Jupiter Lend$260.15m

Solana$260.15m

Exponent Yield Exchange$39.55m

Solana$39.55m

Curve DEX$8.76m

Ethereum$8.3m

Plasma$408,455

Hyperliquid L1$41,927

Fraxtal$5,207

Arbitrum$561

Pendle$4.17m

Ethereum$3.27m

Plasma$458,766

Arbitrum$214,456

BSC$98,721

Mantle$65,370

Monad$58,508

Base$1,680

Hyperliquid L1$108

Berachain$40

Kodiak V3$3.35m

Berachain$3.35m

Orca DEX$2.58m

Solana$2.58m

Uniswap V3$2.37m

Ethereum$1.71m

Base$363,658

Avalanche$291,585

Arbitrum$3,962

BSC$1,769

Uniswap V4$2.11m

Monad$1.07m

Ethereum$1.03m

BSC$4,453

Base$4,078

OP Mainnet$2,328

Avalanche$1,254

Arbitrum$353

MegaETH$299

Blast$108

X Layer$48

Agni Finance$2.09m

Mantle$2.09m

Ethereal Season Zero$2.07m

Ethereum$2.07m

Fluid Lending$1.37m

Ethereum$1.32m

Plasma$24,590

Arbitrum$23,332

Base$35

PumpSwap$1.25m

Solana$1.25m

Thruster V3$894,889

Blast$894,889

Compound V3$887,998

Mantle$887,441

Ethereum$557

Meteora DLMM$598,323

Solana$598,323

Aerodrome Slipstream$430,924

Base$430,924

Merchant Moe Liquidity Book$417,105

Mantle$417,105

Metric V2$348,087

Ethereum$348,087

Euler V2$279,664

Ethereum$279,234

Arbitrum$363

Plasma$67

Zircuit Staking$271,555

Ethereum$201,589

Zircuit$69,966

Wildcat Protocol$238,329

Ethereum$238,329

Derive V2$211,964

Ethereum$211,754

Arbitrum$175

OP Mainnet$35

Injective Bridge$210,182

Ethereum$210,182

OpenGDP Shared Security$181,229

Ethereum$181,229

HyperLend Pooled$90,554

Hyperliquid L1$90,554

GMX V2 Perps$84,489

Arbitrum$84,489

INIT Capital$84,355

Mantle$83,315

Blast$1,040

Yearn Finance$64,387

Arbitrum$64,387

Origin ARM$64,087

Ethereum$64,087

SYMMIO$63,679

Mantle$63,679

HypurrFi Pooled$59,929

Hyperliquid L1$59,929

Parallel Protocol V3$53,348

Hyperliquid L1$53,300

Ethereum$48

Camelot V3$39,383

Arbitrum$39,383

Hyperdrive HL Lending$30,044

Hyperliquid L1$30,044

Re$25,389

Ethereum$25,389

Velodrome V2$19,889

Fraxtal$19,879

Mode$10

RateX DEX$18,540

Solana$18,540

Hyperbeat Earn$17,048

Hyperliquid L1$17,048

Manifest Trade$16,800

Solana$16,800

Venus Core Pool$16,775

BSC$16,658

Ethereum$117

Tydro$15,868

Ink$15,868

Fuel Bridge$14,682

Ethereum$14,682

Swell L2 Farm$13,117

Ethereum$13,117

Mantle Treasury (Treasury)$12,502

Ethereum$12,502

Project X$7,457

Hyperliquid L1$7,457

HyperSwap V3$7,440

Hyperliquid L1$7,440

Radpie$6,095

Arbitrum$6,095

Aave V4$5,768

Ethereum$5,768

Chamber (Treasury)$5,676

Ethereum$5,676

KTX Perps$5,205

Mantle$5,205

Lendle Pooled Markets$5,148

Mantle$5,148

Teller$5,001

Ethereum$5,001

HX Finance$4,572

Hyperliquid L1$4,572

Ekubo$3,934

Ethereum$3,934

ZeroLend Lending$3,544

Linea$3,544

Beefy$3,243

Arbitrum$2,994

Hyperliquid L1$249

Kittenswap CL$2,929

Hyperliquid L1$2,929

HyperWave$2,765

Ethereum$2,678

Hyperliquid L1$46

Base$41

Rumpel Labs$2,037

Ethereum$2,037

Mezo Bridge$1,902

Ethereum$1,902

Apex Omni$1,658

Ethereum$979

Mantle$679

PancakeSwap AMM V3$1,241

Arbitrum$1,228

Ethereum$13

Orbit Protocol$1,234

Blast$1,234

Kumbaya$963

MegaETH$963

Gliquid$833

Hyperliquid L1$833

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Maverick V2$624

ZKsync Era$624

Latch$617

Ethereum$617

Splice Finance$531

Mode$531

Lendle Isolated Markets$518

Mantle$518

Allbridge Core$447

Arbitrum$286

Ethereum$161

Curve LlamaLend$414

Ethereum$414

Cypher V4$368

Ethereum$368

Omega$308

Mantle$308

Fraxlend$278

Ethereum$278

SushiSwap V3$269

Arbitrum$243

BSC$26

Laminar$251

Hyperliquid L1$251

Aurelius$250

Mantle$250

Folks Finance xChain$238

Avalanche$238

Meteora DAMM V1$236

Solana$236

Meteora vaults$236

Solana$236

Stargate Finance (Treasury)$205

Ethereum$205

PulseChain Bridge$182

Ethereum$182

Pulsechain$182

Ethereum$182

Fraxtal$178

Ethereum$178

Ocelex V2$175

Zircuit$175

PancakeSwap Infinity$174

BSC$174

Native Credit Pool$145

Ethereum$145

Radiant V2$136

Ethereum$136

Ambient$103

Scroll$103

Ultrasolid V3$101

Hyperliquid L1$101

Ionex$93

Plasma$93

BEX$90

Berachain$90

Ring Few$84

Blast$84

Cega V2$75

Ethereum$75

Timeswap V2$73

Hyperliquid L1$73

Royco V1$61

Ethereum$61

SuperHedge$54

Ethereum$54

Supernova CL$50

Ethereum$50

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

Velodrome V3$26

Ink$26

edgeX (Treasury)$23

Ethereum$23

Tokenlon AMM$22

Ethereum$22

Ramses CL V2$22

Hyperliquid L1$22

ShapeShift (Treasury)$14

Ethereum$14

Kittenswap Algebra$14

Hyperliquid L1$14

Superloop$13

Ethereum$13

Project 0$12

Solana$12

Aerodrome V1$11

Base$11

Railgun$10

Ethereum$10

USDE Price$1

Chains29

Native Yield3.94%

Ethena USDe(USDE)

Onchain Marketcap$3.856b

Onchain Marketcap by chain

Ethereum$2.32b

Solana$539.28m

Base$274.4m

Robinhood Chain$213.56m

BSC$168.52m

TON$120.93m

Plasma$106.59m

Mantle$67.48m

Hyperliquid L1$16.25m

Berachain$12.85m

Monad$11.31m

Arbitrum$1.83m

Blast$931,233

Avalanche$807,867

MegaETH$457,580

Morph$78,490

Zircuit$74,623

Ink$67,617

Fraxtal$30,263

Movement$21,322

OP Mainnet$13,603

Linea$6,963

ZKsync Era$2,568

Scroll$1,966

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

Key Metrics

Active Marketcap$3.856b

Ethereum$2.32b

Solana$539.28m

Base$274.4m

Robinhood Chain$213.56m

BSC$168.52m

TON$120.93m

Plasma$106.59m

Mantle$67.48m

Hyperliquid L1$16.25m

Berachain$12.85m

Monad$11.31m

Arbitrum$1.83m

Blast$931,233

Avalanche$807,867

MegaETH$457,580

Morph$78,490

Zircuit$74,623

Ink$67,617

Fraxtal$30,263

Movement$21,322

OP Mainnet$13,603

Linea$6,963

ZKsync Era$2,568

Scroll$1,966

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

DeFi Active TVL$2.752b

LayerZero V2$1.547b

Ethereum$1.547b

Aave V3$323.4m

Ethereum$199.37m

Plasma$104.81m

Monad$10.13m

Mantle$8.94m

MegaETH$154,868

Avalanche$1,871

Morpho Blue$273.77m

Base$273.17m

Ethereum$539,173

Hyperliquid L1$63,768

Arbitrum$41

Kamino Lend$271.76m

Solana$271.76m

Jupiter Lend$260.15m

Solana$260.15m

Exponent Yield Exchange$39.55m

Solana$39.55m

Curve DEX$8.76m

Ethereum$8.3m

Plasma$408,455

Hyperliquid L1$41,927

Fraxtal$5,207

Arbitrum$561

Pendle$4.17m

Ethereum$3.27m

Plasma$458,766

Arbitrum$214,456

BSC$98,721

Mantle$65,370

Monad$58,508

Base$1,680

Hyperliquid L1$108

Berachain$40

Kodiak V3$3.35m

Berachain$3.35m

Orca DEX$2.58m

Solana$2.58m

Uniswap V3$2.37m

Ethereum$1.71m

Base$363,658

Avalanche$291,585

Arbitrum$3,962

BSC$1,769

Uniswap V4$2.11m

Monad$1.07m

Ethereum$1.03m

BSC$4,453

Base$4,078

OP Mainnet$2,328

Avalanche$1,254

Arbitrum$353

MegaETH$299

Blast$108

X Layer$48

Agni Finance$2.09m

Mantle$2.09m

Ethereal Season Zero$2.07m

Ethereum$2.07m

Fluid Lending$1.37m

Ethereum$1.32m

Plasma$24,590

Arbitrum$23,332

Base$35

PumpSwap$1.25m

Solana$1.25m

Thruster V3$894,889

Blast$894,889

Compound V3$887,998

Mantle$887,441

Ethereum$557

Meteora DLMM$598,323

Solana$598,323

Aerodrome Slipstream$430,924

Base$430,924

Merchant Moe Liquidity Book$417,105

Mantle$417,105

Metric V2$348,087

Ethereum$348,087

Euler V2$279,664

Ethereum$279,234

Arbitrum$363

Plasma$67

Zircuit Staking$271,555

Ethereum$201,589

Zircuit$69,966

Wildcat Protocol$238,329

Ethereum$238,329

Derive V2$211,964

Ethereum$211,754

Arbitrum$175

OP Mainnet$35

Injective Bridge$210,182

Ethereum$210,182

OpenGDP Shared Security$181,229

Ethereum$181,229

HyperLend Pooled$90,554

Hyperliquid L1$90,554

GMX V2 Perps$84,489

Arbitrum$84,489

INIT Capital$84,355

Mantle$83,315

Blast$1,040

Yearn Finance$64,387

Arbitrum$64,387

Origin ARM$64,087

Ethereum$64,087

SYMMIO$63,679

Mantle$63,679

HypurrFi Pooled$59,929

Hyperliquid L1$59,929

Parallel Protocol V3$53,348

Hyperliquid L1$53,300

Ethereum$48

Camelot V3$39,383

Arbitrum$39,383

Hyperdrive HL Lending$30,044

Hyperliquid L1$30,044

Re$25,389

Ethereum$25,389

Velodrome V2$19,889

Fraxtal$19,879

Mode$10

RateX DEX$18,540

Solana$18,540

Hyperbeat Earn$17,048

Hyperliquid L1$17,048

Manifest Trade$16,800

Solana$16,800

Venus Core Pool$16,775

BSC$16,658

Ethereum$117

Tydro$15,868

Ink$15,868

Fuel Bridge$14,682

Ethereum$14,682

Swell L2 Farm$13,117

Ethereum$13,117

Mantle Treasury (Treasury)$12,502

Ethereum$12,502

Project X$7,457

Hyperliquid L1$7,457

HyperSwap V3$7,440

Hyperliquid L1$7,440

Radpie$6,095

Arbitrum$6,095

Aave V4$5,768

Ethereum$5,768

Chamber (Treasury)$5,676

Ethereum$5,676

KTX Perps$5,205

Mantle$5,205

Lendle Pooled Markets$5,148

Mantle$5,148

Teller$5,001

Ethereum$5,001

HX Finance$4,572

Hyperliquid L1$4,572

Ekubo$3,934

Ethereum$3,934

ZeroLend Lending$3,544

Linea$3,544

Beefy$3,243

Arbitrum$2,994

Hyperliquid L1$249

Kittenswap CL$2,929

Hyperliquid L1$2,929

HyperWave$2,765

Ethereum$2,678

Hyperliquid L1$46

Base$41

Rumpel Labs$2,037

Ethereum$2,037

Mezo Bridge$1,902

Ethereum$1,902

Apex Omni$1,658

Ethereum$979

Mantle$679

PancakeSwap AMM V3$1,241

Arbitrum$1,228

Ethereum$13

Orbit Protocol$1,234

Blast$1,234

Kumbaya$963

MegaETH$963

Gliquid$833

Hyperliquid L1$833

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Maverick V2$624

ZKsync Era$624

Latch$617

Ethereum$617

Splice Finance$531

Mode$531

Lendle Isolated Markets$518

Mantle$518

Allbridge Core$447

Arbitrum$286

Ethereum$161

Curve LlamaLend$414

Ethereum$414

Cypher V4$368

Ethereum$368

Omega$308

Mantle$308

Fraxlend$278

Ethereum$278

SushiSwap V3$269

Arbitrum$243

BSC$26

Laminar$251

Hyperliquid L1$251

Aurelius$250

Mantle$250

Folks Finance xChain$238

Avalanche$238

Meteora DAMM V1$236

Solana$236

Meteora vaults$236

Solana$236

Stargate Finance (Treasury)$205

Ethereum$205

PulseChain Bridge$182

Ethereum$182

Pulsechain$182

Ethereum$182

Fraxtal$178

Ethereum$178

Ocelex V2$175

Zircuit$175

PancakeSwap Infinity$174

BSC$174

Native Credit Pool$145

Ethereum$145

Radiant V2$136

Ethereum$136

Ambient$103

Scroll$103

Ultrasolid V3$101

Hyperliquid L1$101

Ionex$93

Plasma$93

BEX$90

Berachain$90

Ring Few$84

Blast$84

Cega V2$75

Ethereum$75

Timeswap V2$73

Hyperliquid L1$73

Royco V1$61

Ethereum$61

SuperHedge$54

Ethereum$54

Supernova CL$50

Ethereum$50

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

Velodrome V3$26

Ink$26

edgeX (Treasury)$23

Ethereum$23

Tokenlon AMM$22

Ethereum$22

Ramses CL V2$22

Hyperliquid L1$22

ShapeShift (Treasury)$14

Ethereum$14

Kittenswap Algebra$14

Hyperliquid L1$14

Superloop$13

Ethereum$13

Project 0$12

Solana$12

Aerodrome V1$11

Base$11

Railgun$10

Ethereum$10

USDE Price$1

Chains29

Native Yield3.94%

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 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 Yield3.94%

Historical APY from Ethena Labs, S.A.

DeFi Yield Opportunities (77)

Pool	Reference	Protocol
1 aEthUSDeAave Ethereum USDe	USDe	Aave V3	$784.58m	2.34%1.84%+0.50%	Stable81	1,716
2 aPlaUSDeAave Plasma USDe	USDe	Aave V3	$319.02m	2.30%1.59%+0.71%	Stable81
3 USDeEthena Market	USDe	Kamino Lend	$271.32m	0.00%	Stable100
4 reUSDRe Protocol Deposit Token	reUSD	Re	$168.86m	6.28%	Stable99	756
5 srUSDeStrata Senior USDe	USDe	Strata Markets🪂	$59.17m	3.06%	Stable96	2,511
6 FRAXUSDeFRAXUSDe	FRAX-USDe	Curve DEX	$34.01m	2.79%0.00%+2.79%	Stable83	76
7 FRAXUSDeFRAXUSDe	FRAX-USDe	Convex Finance	$33.9m	4.25%0.03%+4.22%	Stable84	76
8 reUSDeRe Protocol reUSDe	reUSDe	Re	$18.8m	12.27%	Stable76	501
9 aMonUSDeAave Monad USDe	USDe	Aave V3	$16.16m	4.00%0.46%+3.54%	Stable68	18
10 ctUSDeConcrete-USDe-Vault	USDe	Concrete🪂	$13.44m	0.00%	Stable100	239