Ethena Staked USDe(sUSDe)Onchain Marketcap$1.702b
Onchain Marketcap by chain
Ethereum$1.301b
Plasma$278.63m
Mantle$84.33m
Monad$21.69m
Solana$6.04m
Base$4.42m
BSC$2.82m
Arbitrum$2.13m
Berachain$920,343
Hyperliquid L1$462,348
Fraxtal$293,929
Avalanche$60,531
Blast$4,610
ZKsync Era$762
Scroll$647
Linea$557
Mode$515
OP Mainnet$426
Manta$44
Metis$21
Morph$11
Zircuit$2
Kava$1
X Layer$0
Key Metrics
Active Marketcap$1.702b
Ethereum$1.301b
Plasma$278.63m
Mantle$84.33m
Monad$21.69m
Solana$6.04m
Base$4.42m
BSC$2.82m
Arbitrum$2.13m
Berachain$920,343
Hyperliquid L1$462,348
Fraxtal$293,929
Avalanche$60,531
Blast$4,610
ZKsync Era$762
Scroll$647
Linea$557
Mode$515
OP Mainnet$426
Manta$44
Metis$21
Morph$11
Zircuit$2
Kava$1
X Layer$0
DeFi Active TVL$1.445b
Aave V3$518.24m
Ethereum$232.99m
Plasma$204.02m
Mantle$81.09m
Monad$107,205
Avalanche$28,731
ZKsync Era$130
LayerZero V2$403.11m
Ethereum$403.11m
Re$175.19m
Ethereum$170.88m
Base$4.3m
Arbitrum$6,365
Pendle V2$118.08m
Plasma$73.17m
Ethereum$23.48m
Monad$21.42m
Hyperliquid L1$641
Berachain$236
Morpho Blue$102.66m
Ethereum$102.52m
Arbitrum$138,007
Hyperliquid L1$575
Monad$16
Olympus DAO (Treasury)$29.83m
Ethereum$29.83m
Curve DEX$21.08m
Ethereum$20.69m
Plasma$382,650
Hyperliquid L1$3,393
Fraxtal$1,670
Mantle Treasury (Treasury)$20.35m
Ethereum$17.13m
Mantle$3.22m
Aave V4$18.87m
Ethereum$18.87m
Inverse Finance FiRM$15.33m
Ethereum$15.33m
Curve LlamaLend$6.53m
Ethereum$6.53m
Derive V2$5.45m
Ethereum$5.45m
Arbitrum$7,597
Merit Circle (Treasury)$2.5m
Ethereum$2.5m
Venus Core Pool$1.98m
BSC$1.98m
Ethereum$160
Fluid Lending$1.38m
Ethereum$967,655
Arbitrum$414,016
Plasma$1,533
Base$84
Lista Lending$758,134
BSC$758,134
Uniswap V4$678,519
Ethereum$662,311
BSC$13,238
Base$1,599
Monad$967
OP Mainnet$168
Blast$138
Avalanche$62
Arbitrum$36
Parallel Protocol V3$499,161
Hyperliquid L1$393,710
Ethereum$105,451
Terminal Finance Pre-Deposits$489,905
Ethereum$489,905
Derive (Treasury)$429,043
Ethereum$429,043
Symbiotic$333,464
Ethereum$333,464
Fraxlend$146,917
Ethereum$146,917
OpenGDP Shared Security$128,799
Ethereum$128,799
Yearn (Treasury)$111,583
Ethereum$111,583
Latch$98,930
Ethereum$98,930
dTRINITY dLEND$98,320
Fraxtal$97,561
Ethereum$759
InfinityPools$47,660
Base$47,660
MUX Perps$31,439
Arbitrum$31,439
Metric V2$27,678
Ethereum$27,678
Reserve Protocol$25,567
Ethereum$25,567
Folks Finance xChain$22,179
Avalanche$22,179
Fuel Bridge$17,690
Ethereum$17,690
Kamino Lend$15,789
Solana$15,789
Alto$12,709
Ethereum$12,709
Ebisu V2$9,523
Ethereum$9,523
Velodrome V3$9,244
Fraxtal$9,244
UwU Lend$8,557
Ethereum$8,557
Euler V2$8,481
Ethereum$5,757
BSC$2,676
Plasma$36
Avalanche$12
Kodiak V3$7,460
Berachain$7,460
Phoenix Protocol$6,336
Ethereum$6,336
DYAD$5,459
Ethereum$5,459
Beraborrow$5,114
Berachain$5,114
Loopscale$3,697
Solana$3,697
Balancer V2$2,446
Fraxtal$2,162
Ethereum$284
zkLink Nova$2,312
Ethereum$2,312
Supernova CL$1,641
Ethereum$1,641
Balancer V3$1,343
Plasma$1,075
Ethereum$258
Base$10
HyperLend Pooled$1,327
Hyperliquid L1$1,327
Blackwing$1,324
Ethereum$1,324
Hyperdrive$1,250
Ethereum$1,250
Uniswap V3$916
Ethereum$916
Orca DEX$843
Solana$843
Manifest Trade$780
Solana$780
Rumpel Labs$723
Ethereum$723
Lucidly Finance$631
Ethereum$631
Cork V1$625
Ethereum$625
Odyssey Finance$366
Ethereum$353
Plasma$13
Shezmu$330
Ethereum$330
Thruster V3$301
Blast$301
Balancer CoW AMM$259
Base$259
Everything$247
Ethereum$247
AirPuff$240
Ethereum$240
Joe V2.2$221
Avalanche$221
INIT Capital$215
Blast$215
Base Bridge$187
Ethereum$187
Aave (Treasury)$183
Ethereum$183
Blackhole CLMM$164
Avalanche$164
Ajna V2$113
Ethereum$113
Anvil$110
Ethereum$110
HypurrFi Pooled$67
Hyperliquid L1$67
PancakeSwap Infinity$65
BSC$65
Fraxtal$62
Ethereum$62
Merchant Moe Liquidity Book$51
Mantle$51
Ekubo$41
Ethereum$41
Enzyme Finance$33
Ethereum$33
BEX$33
Berachain$33
Fungify$32
Ethereum$32
Splice Finance$32
Mode$32
Omni Exchange V3$24
Base$24
HypurrFi Isolated$17
Hyperliquid L1$17
Meteora DAMM V1$16
Solana$16
Meteora vaults$16
Solana$16
Lendle Pooled Markets$15
Mantle$15
Ambient$14
Scroll$14
Lithos$13
Plasma$13
sUSDe Price$1.25
Chains24
Token Properties
Classification
RedeemableIndicates whether the token can be redeemed for underlying assets
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. is a Portuguese company limited by shares that develops the USDe protocol. The sUSDe staking contract is an ERC-4626 vault on Ethereum that holds USDe and accrues protocol rewards to stakers through the share price.
Sourcehttps://www.lei-lookup.com/record/894500K29XZNTAWSC539/
Notes
- sUSDe is the staked form of Ethena USDe. Depositors stake USDe in an ERC-4626 vault on Ethereum and receive a non-rebasing share token whose redemption value rises as protocol rewards accrue, so the position grows through share price rather than through a rising balance. Unstaking passes through a cooldown enforced by the vault before USDe can be withdrawn. Ethena describes the reward stream as protocol revenue from funding and basis spread on delta-hedged crypto positions, from lending revenue, from real world asset yield, and from liquid stablecoin rewards, so only part of the return is real world asset income and the dominant driver in normal conditions is perpetual funding. The share of backing held in liquid stablecoins and tokenized short-duration government debt rises when funding rates fall below Treasury yields, which is the purpose of the USDtb allocation. Rewards are distributed at the discretion of the protocol and periods of negative revenue are absorbed by the reserve fund rather than passed to holders. The Ethereum contract is the canonical vault and the deployments on other chains are bridged representations that do not themselves hold USDe.
DeFi Yield Opportunities (58)
Pool | Reference | Protocol | Chain | 30d Trend | ||||
|---|---|---|---|---|---|---|---|---|
| 1sUSDeStaked USDe | USDe | $1.301b | 5.06% | Stable 94 | 11,831 | |||
| 2reUSDRe Protocol Deposit Token | reUSD | $247.68m | 6.62% | Stable 98 | 782 | |||
| 3aEthsUSDeAave Ethereum sUSDe | sUSDe | $229.39m | 0.00% | Mixed 58 | 621 | |||
| 4aPlasUSDeAave Plasma sUSDe | sUSDe | $204.02m | 0.00% | Mixed 64 | ||||
| 5aMansUSDeAave Mantle sUSDe | sUSDe | $81.09m | 0.00% | Stable 70 | ||||
| 6DOLA-sUSDeDOLA/sUSDe | DOLA-sUSDe | $59.84m | 3.97%1.24%+2.73% | Stable 93 | 34 | |||
| 7DOLA-sUSDeDOLA/sUSDe | DOLA-sUSDe | $50.27m | 5.02%1.24%+3.78% | Stable 92 | 34 | |||
| 8PT-sUSDE-22OCT2026PT Ethena sUSDE 22OCT2026 | sUSDe | $21.33m | 5.14% | Stable 94 | 11 | |||
| 9PLP-sUSDE-22OCT2026PLP Ethena sUSDE 22OCT2026 | sUSDe | $21.33m | 8.20%8.11%+0.08% | Stable 88 | 109 | |||
| 10reUSDeRe Protocol reUSDe | reUSDe | $20.25m | 12.28% | Stable 100 | 526 |
Chains
Ethereum
PrimaryBase
Arbitrum
OP Mainnet
Avalanche
Mantle
Scroll
Linea
Blast
Mode
Berachain
Fraxtal
Kava
Hyperliquid L1
Plasma
Zircuit
Metis
X Layer
Manta
Morph
Monad
ZKsync Era
Solana