⌘KTry LlamaAI

Ethena Staked USDe(sUSDe)

Onchain Marketcap$1.782b

Onchain Marketcap by chain

Ethereum$1.354b

Plasma$306.76m

Mantle$79.58m

Monad$22.81m

Solana$6.03m

BSC$4.68m

Base$4.45m

Arbitrum$2.21m

Berachain$1.12m

Fraxtal$287,579

Avalanche$62,156

Blast$4,594

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$1.782b

Ethereum$1.354b

Plasma$306.76m

Mantle$79.58m

Monad$22.81m

Solana$6.03m

BSC$4.68m

Base$4.45m

Arbitrum$2.21m

Berachain$1.12m

Fraxtal$287,579

Avalanche$62,156

Blast$4,594

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$1.453b

Aave V3$598.64m

Ethereum$338.84m

Plasma$176.94m

Mantle$75.16m

Monad$7.66m

Avalanche$28,633

ZKsync Era$130

LayerZero V2$440.77m

Ethereum$440.77m

Pendle$158.06m

Plasma$127.61m

Ethereum$15.75m

Monad$14.7m

BSC$594

Berachain$235

Re$109.57m

Ethereum$105.28m

Base$4.29m

Arbitrum$6,343

Morpho Blue$33.79m

Ethereum$33.65m

Arbitrum$137,535

Monad$16

Olympus DAO (Treasury)$30.57m

Ethereum$30.57m

Mantle Treasury (Treasury)$20.28m

Ethereum$17.07m

Mantle$3.2m

Curve DEX$19.51m

Ethereum$19.08m

Plasma$423,308

Fraxtal$2,572

Inverse Finance FiRM$13.28m

Ethereum$13.28m

Aave V4$6.58m

Ethereum$6.58m

Derive V2$5.72m

Ethereum$5.71m

Arbitrum$6,547

Venus Core Pool$4.48m

BSC$4.48m

Ethereum$160

Curve LlamaLend$3.42m

Ethereum$3.42m

Merit Circle (Treasury)$2.49m

Ethereum$2.49m

Fluid Lending$2.05m

Ethereum$1.71m

Arbitrum$335,381

Plasma$1,502

Base$78

Uniswap V4$509,737

Ethereum$488,574

BSC$14,183

Base$4,841

Monad$957

Avalanche$842

OP Mainnet$167

Blast$138

Arbitrum$35

Terminal Finance Pre-Deposits$504,684

Ethereum$504,684

Derive (Treasury)$427,580

Ethereum$427,580

Symbiotic$412,260

Ethereum$412,260

Metric V2$232,027

Ethereum$232,027

MUX Perps$204,929

Arbitrum$204,929

Beraborrow$202,150

Berachain$202,150

Fraxlend$146,416

Ethereum$146,416

Lista Lending$132,051

BSC$132,051

OpenGDP Shared Security$128,581

Ethereum$128,581

Yearn (Treasury)$111,202

Ethereum$111,202

Parallel Protocol V3$105,092

Ethereum$105,092

Latch$98,593

Ethereum$98,593

dTRINITY dLEND$98,014

Fraxtal$97,258

Ethereum$756

Euler V2$91,350

Ethereum$88,635

BSC$2,667

Plasma$36

Avalanche$12

InfinityPools$47,753

Base$47,753

Reserve Protocol$25,523

Ethereum$25,523

Folks Finance xChain$22,737

Avalanche$22,737

Fuel Bridge$17,630

Ethereum$17,630

Kamino Lend$16,027

Solana$16,027

Ebisu V2$14,328

Ethereum$14,328

Kodiak V3$11,828

Berachain$11,828

UwU Lend$8,528

Ethereum$8,528

Phoenix Protocol$5,854

Ethereum$5,854

DYAD$5,441

Ethereum$5,441

Loopscale$3,685

Solana$3,685

Velodrome V3$3,070

Fraxtal$3,070

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$959

Solana$959

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

Odyssey Finance$365

Ethereum$352

Plasma$13

Shezmu$329

Ethereum$329

Railgun (Treasury)$328

Ethereum$328

Meteora vaults$325

Solana$325

Meteora DAMM V1$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$1.782b

Onchain Marketcap by chain

Ethereum$1.354b

Plasma$306.76m

Mantle$79.58m

Monad$22.81m

Solana$6.03m

BSC$4.68m

Base$4.45m

Arbitrum$2.21m

Berachain$1.12m

Fraxtal$287,579

Avalanche$62,156

Blast$4,594

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$1.782b

Ethereum$1.354b

Plasma$306.76m

Mantle$79.58m

Monad$22.81m

Solana$6.03m

BSC$4.68m

Base$4.45m

Arbitrum$2.21m

Berachain$1.12m

Fraxtal$287,579

Avalanche$62,156

Blast$4,594

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$1.453b

Aave V3$598.64m

Ethereum$338.84m

Plasma$176.94m

Mantle$75.16m

Monad$7.66m

Avalanche$28,633

ZKsync Era$130

LayerZero V2$440.77m

Ethereum$440.77m

Pendle$158.06m

Plasma$127.61m

Ethereum$15.75m

Monad$14.7m

BSC$594

Berachain$235

Re$109.57m

Ethereum$105.28m

Base$4.29m

Arbitrum$6,343

Morpho Blue$33.79m

Ethereum$33.65m

Arbitrum$137,535

Monad$16

Olympus DAO (Treasury)$30.57m

Ethereum$30.57m

Mantle Treasury (Treasury)$20.28m

Ethereum$17.07m

Mantle$3.2m

Curve DEX$19.51m

Ethereum$19.08m

Plasma$423,308

Fraxtal$2,572

Inverse Finance FiRM$13.28m

Ethereum$13.28m

Aave V4$6.58m

Ethereum$6.58m

Derive V2$5.72m

Ethereum$5.71m

Arbitrum$6,547

Venus Core Pool$4.48m

BSC$4.48m

Ethereum$160

Curve LlamaLend$3.42m

Ethereum$3.42m

Merit Circle (Treasury)$2.49m

Ethereum$2.49m

Fluid Lending$2.05m

Ethereum$1.71m

Arbitrum$335,381

Plasma$1,502

Base$78

Uniswap V4$509,737

Ethereum$488,574

BSC$14,183

Base$4,841

Monad$957

Avalanche$842

OP Mainnet$167

Blast$138

Arbitrum$35

Terminal Finance Pre-Deposits$504,684

Ethereum$504,684

Derive (Treasury)$427,580

Ethereum$427,580

Symbiotic$412,260

Ethereum$412,260

Metric V2$232,027

Ethereum$232,027

MUX Perps$204,929

Arbitrum$204,929

Beraborrow$202,150

Berachain$202,150

Fraxlend$146,416

Ethereum$146,416

Lista Lending$132,051

BSC$132,051

OpenGDP Shared Security$128,581

Ethereum$128,581

Yearn (Treasury)$111,202

Ethereum$111,202

Parallel Protocol V3$105,092

Ethereum$105,092

Latch$98,593

Ethereum$98,593

dTRINITY dLEND$98,014

Fraxtal$97,258

Ethereum$756

Euler V2$91,350

Ethereum$88,635

BSC$2,667

Plasma$36

Avalanche$12

InfinityPools$47,753

Base$47,753

Reserve Protocol$25,523

Ethereum$25,523

Folks Finance xChain$22,737

Avalanche$22,737

Fuel Bridge$17,630

Ethereum$17,630

Kamino Lend$16,027

Solana$16,027

Ebisu V2$14,328

Ethereum$14,328

Kodiak V3$11,828

Berachain$11,828

UwU Lend$8,528

Ethereum$8,528

Phoenix Protocol$5,854

Ethereum$5,854

DYAD$5,441

Ethereum$5,441

Loopscale$3,685

Solana$3,685

Velodrome V3$3,070

Fraxtal$3,070

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$959

Solana$959

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

Odyssey Finance$365

Ethereum$352

Plasma$13

Shezmu$329

Ethereum$329

Railgun (Treasury)$328

Ethereum$328

Meteora vaults$325

Solana$325

Meteora DAMM V1$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	$1.354b	4.54%	Stable96	11,847
2 aEthsUSDeAave Ethereum sUSDe	sUSDe	Aave V3	$333.58m	0.76%0.00%+0.76%	Mixed58	640
3 reUSDRe Protocol Deposit Token	reUSD	Re	$192.2m	6.35%	Stable99	784
4 aPlasUSDeAave Plasma sUSDe	sUSDe	Aave V3	$176.94m	1.51%0.00%+1.51%	Mixed65
5 aMansUSDeAave Mantle sUSDe	sUSDe	Aave V3	$75.16m	3.71%0.00%+3.71%	Stable80
6 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Curve DEX	$47.5m	3.72%1.24%+2.48%	Stable94	31
7 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Convex Finance	$39.44m	5.30%1.24%+4.06%	Stable89	31
8 reUSDeRe Protocol reUSDe	reUSDe	Re	$19.06m	12.26%	Stable100	522
9 PT-sUSDE-22OCT2026PT Ethena sUSDE 22OCT2026	sUSDe	Pendle	$14.82m	4.67%	Stable96	12
10 PLP-sUSDE-22OCT2026PLP Ethena sUSDE 22OCT2026	sUSDe	Pendle	$14.82m	9.14%9.06%+0.08%	Mixed60	139