⌘KTry LlamaAI

Ethena Staked USDe(sUSDe)

Onchain Marketcap$1.784b

Onchain Marketcap by chain

Ethereum$1.356b

Plasma$306.82m

Mantle$79.58m

Monad$22.68m

Solana$6.03m

BSC$4.68m

Base$4.45m

Arbitrum$2.21m

Berachain$1.12m

Fraxtal$287,584

Avalanche$62,157

Blast$4,595

ZKsync Era$760

Scroll$644

Linea$555

Mode$513

OP Mainnet$424

Manta$44

Metis$20

Morph$11

Zircuit$2

Kava$1

X Layer$0

Key Metrics

Active Marketcap$1.784b

Ethereum$1.356b

Plasma$306.82m

Mantle$79.58m

Monad$22.68m

Solana$6.03m

BSC$4.68m

Base$4.45m

Arbitrum$2.21m

Berachain$1.12m

Fraxtal$287,584

Avalanche$62,157

Blast$4,595

ZKsync Era$760

Scroll$644

Linea$555

Mode$513

OP Mainnet$424

Manta$44

Metis$20

Morph$11

Zircuit$2

Kava$1

X Layer$0

DeFi Active TVL$1.454b

Aave V3$599.25m

Ethereum$339.54m

Plasma$176.85m

Mantle$75.16m

Monad$7.66m

Avalanche$28,633

ZKsync Era$130

LayerZero V2$440.82m

Ethereum$440.82m

Pendle$158.3m

Plasma$127.63m

Ethereum$15.76m

Monad$14.92m

BSC$594

Berachain$235

Re$109.58m

Ethereum$105.28m

Base$4.29m

Arbitrum$6,343

Morpho Blue$33.79m

Ethereum$33.65m

Arbitrum$137,537

Monad$16

Olympus DAO (Treasury)$30.57m

Ethereum$30.57m

Mantle Treasury (Treasury)$20.28m

Ethereum$17.08m

Mantle$3.2m

Curve DEX$19.45m

Ethereum$19.03m

Plasma$423,314

Fraxtal$2,508

Inverse Finance FiRM$13.3m

Ethereum$13.3m

Aave V4$6.58m

Ethereum$6.58m

Derive V2$5.72m

Ethereum$5.71m

Arbitrum$6,548

Venus Core Pool$4.48m

BSC$4.48m

Ethereum$160

Curve LlamaLend$3.41m

Ethereum$3.41m

Merit Circle (Treasury)$2.49m

Ethereum$2.49m

Fluid Lending$2.05m

Ethereum$1.71m

Arbitrum$335,386

Plasma$1,502

Base$78

Uniswap V4$509,781

Ethereum$488,618

BSC$14,183

Base$4,841

Monad$957

Avalanche$842

OP Mainnet$167

Blast$138

Arbitrum$35

Terminal Finance Pre-Deposits$504,729

Ethereum$504,729

Derive (Treasury)$427,618

Ethereum$427,618

Symbiotic$412,297

Ethereum$412,297

MUX Perps$204,933

Arbitrum$204,933

Beraborrow$202,153

Berachain$202,153

Fraxlend$146,429

Ethereum$146,429

Lista Lending$132,053

BSC$132,053

OpenGDP Shared Security$128,593

Ethereum$128,593

Yearn (Treasury)$111,212

Ethereum$111,212

Parallel Protocol V3$105,101

Ethereum$105,101

Latch$98,601

Ethereum$98,601

dTRINITY dLEND$98,016

Fraxtal$97,260

Ethereum$756

Euler V2$91,358

Ethereum$88,643

BSC$2,667

Plasma$36

Avalanche$12

Metric V2$52,419

Ethereum$52,419

InfinityPools$47,753

Base$47,753

Reserve Protocol$25,525

Ethereum$25,525

Folks Finance xChain$22,738

Avalanche$22,738

Fuel Bridge$17,631

Ethereum$17,631

Kamino Lend$16,027

Solana$16,027

Ebisu V2$14,330

Ethereum$14,330

Kodiak V3$11,828

Berachain$11,828

UwU Lend$8,529

Ethereum$8,529

Phoenix Protocol$5,855

Ethereum$5,855

DYAD$5,441

Ethereum$5,441

Loopscale$3,685

Solana$3,685

Velodrome V3$3,134

Fraxtal$3,134

Supernova CL$2,777

Ethereum$2,777

Balancer V2$2,427

Fraxtal$2,157

Ethereum$270

zkLink Nova$2,305

Ethereum$2,305

Blackwing$1,565

Ethereum$1,565

Hyperdrive$1,246

Ethereum$1,246

Uniswap V3$1,204

Ethereum$913

Plasma$291

Orca DEX$957

Solana$957

ZeroLend Lending$898

Ethereum$545

Linea$353

Balancer V3$880

Plasma$629

Ethereum$251

Rumpel Labs$721

Ethereum$721

Lucidly Finance$628

Ethereum$628

Cork V1$623

Ethereum$623

Origin ARM$540

Ethereum$540

Odyssey Finance$365

Ethereum$352

Plasma$13

Shezmu$329

Ethereum$329

Railgun (Treasury)$328

Ethereum$328

Meteora DAMM V1$320

Solana$320

Meteora vaults$320

Solana$320

Thruster V3$300

Blast$300

PancakeSwap AMM V3$286

Base$286

Balancer CoW AMM$258

Base$258

Radiant V2$257

Ethereum$257

Everything$247

Ethereum$247

AirPuff$239

Ethereum$239

Joe V2.2$220

Avalanche$220

INIT Capital$215

Blast$215

Base Bridge$187

Ethereum$187

Aave (Treasury)$183

Ethereum$183

Blackhole CLMM$130

Avalanche$130

Anvil$109

Ethereum$109

PancakeSwap Infinity$65

BSC$65

Fraxtal$62

Ethereum$62

Merchant Moe Liquidity Book$46

Mantle$46

Ekubo$41

Ethereum$41

Enzyme Finance$33

Ethereum$33

Fungify$32

Ethereum$32

BEX$32

Berachain$32

Splice Finance$31

Mode$31

Omni Exchange V3$24

Base$24

Lendle Pooled Markets$19

Mantle$19

Ambient$14

Scroll$14

Lithos$13

Plasma$13

sUSDe Price$1.24

Chains24

Ethena Staked USDe(sUSDe)

Onchain Marketcap$1.784b

Onchain Marketcap by chain

Ethereum$1.356b

Plasma$306.82m

Mantle$79.58m

Monad$22.68m

Solana$6.03m

BSC$4.68m

Base$4.45m

Arbitrum$2.21m

Berachain$1.12m

Fraxtal$287,584

Avalanche$62,157

Blast$4,595

ZKsync Era$760

Scroll$644

Linea$555

Mode$513

OP Mainnet$424

Manta$44

Metis$20

Morph$11

Zircuit$2

Kava$1

X Layer$0

Key Metrics

Active Marketcap$1.784b

Ethereum$1.356b

Plasma$306.82m

Mantle$79.58m

Monad$22.68m

Solana$6.03m

BSC$4.68m

Base$4.45m

Arbitrum$2.21m

Berachain$1.12m

Fraxtal$287,584

Avalanche$62,157

Blast$4,595

ZKsync Era$760

Scroll$644

Linea$555

Mode$513

OP Mainnet$424

Manta$44

Metis$20

Morph$11

Zircuit$2

Kava$1

X Layer$0

DeFi Active TVL$1.454b

Aave V3$599.25m

Ethereum$339.54m

Plasma$176.85m

Mantle$75.16m

Monad$7.66m

Avalanche$28,633

ZKsync Era$130

LayerZero V2$440.82m

Ethereum$440.82m

Pendle$158.3m

Plasma$127.63m

Ethereum$15.76m

Monad$14.92m

BSC$594

Berachain$235

Re$109.58m

Ethereum$105.28m

Base$4.29m

Arbitrum$6,343

Morpho Blue$33.79m

Ethereum$33.65m

Arbitrum$137,537

Monad$16

Olympus DAO (Treasury)$30.57m

Ethereum$30.57m

Mantle Treasury (Treasury)$20.28m

Ethereum$17.08m

Mantle$3.2m

Curve DEX$19.45m

Ethereum$19.03m

Plasma$423,314

Fraxtal$2,508

Inverse Finance FiRM$13.3m

Ethereum$13.3m

Aave V4$6.58m

Ethereum$6.58m

Derive V2$5.72m

Ethereum$5.71m

Arbitrum$6,548

Venus Core Pool$4.48m

BSC$4.48m

Ethereum$160

Curve LlamaLend$3.41m

Ethereum$3.41m

Merit Circle (Treasury)$2.49m

Ethereum$2.49m

Fluid Lending$2.05m

Ethereum$1.71m

Arbitrum$335,386

Plasma$1,502

Base$78

Uniswap V4$509,781

Ethereum$488,618

BSC$14,183

Base$4,841

Monad$957

Avalanche$842

OP Mainnet$167

Blast$138

Arbitrum$35

Terminal Finance Pre-Deposits$504,729

Ethereum$504,729

Derive (Treasury)$427,618

Ethereum$427,618

Symbiotic$412,297

Ethereum$412,297

MUX Perps$204,933

Arbitrum$204,933

Beraborrow$202,153

Berachain$202,153

Fraxlend$146,429

Ethereum$146,429

Lista Lending$132,053

BSC$132,053

OpenGDP Shared Security$128,593

Ethereum$128,593

Yearn (Treasury)$111,212

Ethereum$111,212

Parallel Protocol V3$105,101

Ethereum$105,101

Latch$98,601

Ethereum$98,601

dTRINITY dLEND$98,016

Fraxtal$97,260

Ethereum$756

Euler V2$91,358

Ethereum$88,643

BSC$2,667

Plasma$36

Avalanche$12

Metric V2$52,419

Ethereum$52,419

InfinityPools$47,753

Base$47,753

Reserve Protocol$25,525

Ethereum$25,525

Folks Finance xChain$22,738

Avalanche$22,738

Fuel Bridge$17,631

Ethereum$17,631

Kamino Lend$16,027

Solana$16,027

Ebisu V2$14,330

Ethereum$14,330

Kodiak V3$11,828

Berachain$11,828

UwU Lend$8,529

Ethereum$8,529

Phoenix Protocol$5,855

Ethereum$5,855

DYAD$5,441

Ethereum$5,441

Loopscale$3,685

Solana$3,685

Velodrome V3$3,134

Fraxtal$3,134

Supernova CL$2,777

Ethereum$2,777

Balancer V2$2,427

Fraxtal$2,157

Ethereum$270

zkLink Nova$2,305

Ethereum$2,305

Blackwing$1,565

Ethereum$1,565

Hyperdrive$1,246

Ethereum$1,246

Uniswap V3$1,204

Ethereum$913

Plasma$291

Orca DEX$957

Solana$957

ZeroLend Lending$898

Ethereum$545

Linea$353

Balancer V3$880

Plasma$629

Ethereum$251

Rumpel Labs$721

Ethereum$721

Lucidly Finance$628

Ethereum$628

Cork V1$623

Ethereum$623

Origin ARM$540

Ethereum$540

Odyssey Finance$365

Ethereum$352

Plasma$13

Shezmu$329

Ethereum$329

Railgun (Treasury)$328

Ethereum$328

Meteora DAMM V1$320

Solana$320

Meteora vaults$320

Solana$320

Thruster V3$300

Blast$300

PancakeSwap AMM V3$286

Base$286

Balancer CoW AMM$258

Base$258

Radiant V2$257

Ethereum$257

Everything$247

Ethereum$247

AirPuff$239

Ethereum$239

Joe V2.2$220

Avalanche$220

INIT Capital$215

Blast$215

Base Bridge$187

Ethereum$187

Aave (Treasury)$183

Ethereum$183

Blackhole CLMM$130

Avalanche$130

Anvil$109

Ethereum$109

PancakeSwap Infinity$65

BSC$65

Fraxtal$62

Ethereum$62

Merchant Moe Liquidity Book$46

Mantle$46

Ekubo$41

Ethereum$41

Enzyme Finance$33

Ethereum$33

Fungify$32

Ethereum$32

BEX$32

Berachain$32

Splice Finance$31

Mode$31

Omni Exchange V3$24

Base$24

Lendle Pooled Markets$19

Mantle$19

Ambient$14

Scroll$14

Lithos$13

Plasma$13

sUSDe Price$1.24

Chains24

Token Properties

CategoryRWA Wrappers

Asset ClassStable Yield Wrapper

TypeAsset

RWA ClassificationProgrammable Finance

Access ModelPermissionless

Parent PlatformEthena

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/

Website Twitter LinkedIn Docs GitHub Telegram

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 (60)

Pool	Reference	Protocol
1 sUSDeStaked USDe	USDe	Ethena USDe	$1.356b	4.53%	Stable96	11,847
2 aEthsUSDeAave Ethereum sUSDe	sUSDe	Aave V3	$335.86m	0.72%0.00%+0.72%	Mixed58	640
3 reUSDRe Protocol Deposit Token	reUSD	Re	$192.04m	6.35%	Stable99	784
4 aPlasUSDeAave Plasma sUSDe	sUSDe	Aave V3	$176.89m	1.51%0.00%+1.51%	Mixed65
5 aMansUSDeAave Mantle sUSDe	sUSDe	Aave V3	$75.18m	3.71%0.00%+3.71%	Stable80
6 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Curve DEX	$47.5m	3.68%1.23%+2.45%	Stable94	31
7 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Convex Finance	$39.44m	5.23%1.23%+4.00%	Stable89	31
8 reUSDeRe Protocol reUSDe	reUSDe	Re	$19.06m	12.26%	Stable100	522
9 PT-sUSDE-22OCT2026PT Ethena sUSDE 22OCT2026	sUSDe	Pendle	$14.63m	4.33%	Stable96	12
10 PLP-sUSDE-22OCT2026PLP Ethena sUSDE 22OCT2026	sUSDe	Pendle	$14.63m	9.06%8.98%+0.08%	Mixed60	139