Ethena USDe(USDE)
Onchain Marketcap$3.91b

Onchain Marketcap by chain

Ethereum$2.462b

Solana$529.67m

Base$245.58m

BSC$188.37m

Plasma$154.94m

TON$120.35m

Robinhood Chain$104.72m

Mantle$66.5m

Hyperliquid L1$17.48m

Berachain$16.11m

Arbitrum$1.77m

Blast$931,558

Avalanche$560,670

MegaETH$455,324

Morph$78,512

Zircuit$74,643

Ink$70,192

Monad$37,402

Fraxtal$34,455

Movement$21,661

OP Mainnet$13,609

Linea$7,752

ZKsync Era$2,569

Scroll$1,967

Manta$1,749

Mode$1,025

Metis$372

Kava$143

X Layer$61

Tempo$22

Key Metrics

Active Marketcap$3.91b

Ethereum$2.462b

Solana$529.67m

Base$245.58m

BSC$188.37m

Plasma$154.94m

TON$120.35m

Robinhood Chain$104.72m

Mantle$66.5m

Hyperliquid L1$17.48m

Berachain$16.11m

Arbitrum$1.77m

Blast$931,558

Avalanche$560,670

MegaETH$455,324

Morph$78,512

Zircuit$74,643

Ink$70,192

Monad$37,402

Fraxtal$34,455

Movement$21,661

OP Mainnet$13,609

Linea$7,752

ZKsync Era$2,569

Scroll$1,967

Manta$1,749

Mode$1,025

Metis$372

Kava$143

X Layer$61

Tempo$22

DeFi Active TVL$2.738b
LayerZero V2$1.471b

Ethereum$1.471b

Aave V3$436.69m

Ethereum$282.45m

Plasma$153.76m

MegaETH$278,898

Mantle$159,929

Monad$36,094

Avalanche$833

Kamino Lend$268.95m

Solana$268.95m

Jupiter Lend$255.71m

Solana$255.71m

Morpho Blue$244.73m

Base$244.15m

Ethereum$537,701

Hyperliquid L1$41,141

Arbitrum$41

Exponent V1$21.07m

Solana$21.07m

Curve DEX$11.44m

Ethereum$10.9m

Plasma$486,478

Hyperliquid L1$48,950

Fraxtal$6,168

Arbitrum$565

Pendle$4.35m

Ethereum$3.51m

Plasma$458,953

Arbitrum$214,492

BSC$98,735

Mantle$66,114

Base$1,685

Hyperliquid L1$153

Berachain$40

Kodiak V3$3.46m

Berachain$3.46m

Uniswap V3$2.61m

Ethereum$1.9m

Base$392,653

Avalanche$314,054

Arbitrum$3,978

BSC$1,654

Ethereal Season Zero$2.19m

Ethereum$2.19m

Agni Finance$2.12m

Mantle$2.12m

Orca DEX$1.99m

Solana$1.99m

Fluid Lending$1.62m

Ethereum$1.53m

Plasma$66,930

Arbitrum$22,138

Base$39

PumpSwap$1.25m

Solana$1.25m

Uniswap V4$1.2m

Ethereum$1.18m

Base$11,204

BSC$9,453

OP Mainnet$2,201

Monad$1,301

Avalanche$1,254

Arbitrum$437

MegaETH$299

Blast$108

X Layer$47

Thruster V3$915,800

Blast$915,800

Compound V3$814,732

Mantle$814,175

Ethereum$557

Wildcat Protocol$786,444

Ethereum$786,444

Meteora DLMM$579,079

Solana$579,079

Aerodrome Slipstream$506,069

Base$506,069

Metric$459,594

Ethereum$459,594

Merchant Moe Liquidity Book$427,284

Mantle$427,284

Derive V2$305,041

Ethereum$304,830

Arbitrum$176

OP Mainnet$35

Ekubo$282,589

Ethereum$282,589

Zircuit Staking$272,607

Ethereum$202,124

Zircuit$70,483

Euler V2$269,100

Ethereum$268,670

Arbitrum$363

Plasma$67

Re$233,965

Ethereum$233,965

Injective Bridge$211,282

Ethereum$211,282

OpenGDP Shared Security$183,264

Ethereum$183,264

Parallel Protocol V3$130,755

Hyperliquid L1$130,707

Ethereum$48

Allbridge Core$105,089

Arbitrum$53,349

Ethereum$51,740

GMX V2 Perps$87,330

Arbitrum$87,330

INIT Capital$84,686

Mantle$83,646

Blast$1,040

HyperLend Pooled$71,094

Hyperliquid L1$71,094

Yearn Finance$64,397

Arbitrum$64,397

SYMMIO$63,688

Mantle$63,688

HypurrFi Pooled$63,317

Hyperliquid L1$63,317

Camelot V3$37,561

Arbitrum$37,561

Hyperdrive HL Lending$34,378

Hyperliquid L1$34,378

Velodrome V2$22,157

Fraxtal$22,146

Mode$11

RateX DEX$18,542

Solana$18,542

Hyperbeat Earn$17,647

Hyperliquid L1$17,647

Tydro$17,505

Ink$17,505

Venus Core Pool$16,964

BSC$16,847

Ethereum$117

Fuel Bridge$14,684

Ethereum$14,684

Swell L2 Farm$13,119

Ethereum$13,119

Mantle Treasury (Treasury)$12,504

Ethereum$12,504

Manifest Trade$9,414

Solana$9,414

HyperSwap V3$8,710

Hyperliquid L1$8,710

Project X$7,163

Hyperliquid L1$7,163

Cytonic Airdrop Campaign$6,392

Ethereum$6,392

Radpie$6,095

Arbitrum$6,095

Aave V4$5,818

Ethereum$5,818

Chamber (Treasury)$5,665

Ethereum$5,665

Lendle Pooled Markets$5,288

Mantle$5,288

KTX Perps$5,205

Mantle$5,205

Kumbaya$5,159

MegaETH$5,159

Teller$5,002

Ethereum$5,002

HX Finance$4,679

Hyperliquid L1$4,679

ZeroLend Lending$3,544

Linea$3,544

Beefy$3,363

Arbitrum$2,969

Hyperliquid L1$394

Kittenswap CL$3,274

Hyperliquid L1$3,274

HyperWave$2,913

Ethereum$2,690

Hyperliquid L1$182

Base$41

Rumpel Labs$2,074

Ethereum$2,074

Mezo Bridge$2,015

Ethereum$2,015

Apex Omni$1,680

Ethereum$980

Mantle$700

PancakeSwap AMM V3$1,397

Arbitrum$1,381

Ethereum$16

Orbit Protocol$1,234

Blast$1,234

Gliquid$957

Hyperliquid L1$957

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$776

Ethereum$776

Velodrome V3$768

Ink$768

Balancer V2$750

Fraxtal$596

Arbitrum$154

zkLink Nova$653

Ethereum$653

Maverick V2$618

ZKsync Era$618

Latch$617

Ethereum$617

Splice Finance$531

Mode$531

Lendle Isolated Markets$518

Mantle$518

Curve LlamaLend$414

Ethereum$414

Cypher V4$367

Ethereum$367

Omega$308

Mantle$308

SushiSwap V3$295

Arbitrum$295

Fraxlend$278

Ethereum$278

Laminar$269

Hyperliquid L1$269

Meteora vaults$255

Solana$255

Aurelius$250

Mantle$250

Meteora DAMM V1$244

Solana$244

Folks Finance xChain$225

Avalanche$225

Stargate Finance (Treasury)$205

Ethereum$205

PulseChain Bridge$182

Ethereum$182

Pulsechain$182

Ethereum$182

Fraxtal$178

Ethereum$178

PancakeSwap Infinity$174

BSC$174

Ocelex V2$171

Zircuit$171

Native Credit Pool$151

Ethereum$151

Radiant V2$136

Ethereum$136

Ultrasolid V3$112

Hyperliquid L1$112

Ambient$102

Scroll$102

Ionex$91

Plasma$91

BEX$90

Berachain$90

Ring Few$84

Blast$84

Cega V2$75

Ethereum$75

Timeswap V2$73

Hyperliquid L1$73

Venus (Treasury)$63

BSC$63

Royco V1$61

Ethereum$61

SuperHedge$54

Ethereum$54

Supernova CL$50

Ethereum$50

Velkonix$50

MegaETH$50

Poolshark$50

Mode$50

Sumer.money$49

Ethereum$49

Lista Lending$42

BSC$42

Nile CL$40

Linea$40

LayerBank$30

Scroll$30

deBridge$29

Ethereum$15

Arbitrum$14

edgeX (Treasury)$23

Ethereum$23

Tokenlon AMM$22

Ethereum$22

ShapeShift (Treasury)$14

Ethereum$14

Balancer V3$14

Base$14

Superloop$13

Ethereum$13

Aerodrome V1$13

Base$13

Kittenswap Algebra$13

Hyperliquid L1$13

Project 0$10

Solana$10

Net Flows 7d-

Net Flows 30d-

USDE Price$1

Chains29

Native Yield3.96%

Token Properties

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/

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 Yield3.96%

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Historical APY from Ethena Labs, S.A.

DeFi Yield Opportunities (8 of 28)

View all 28 →
Pool
Project
Chain
USDELogo of Aave V3Aave V3
Logo of Ethereum
$281.25m4.74%
REUSDLogo of ReRe
Logo of Ethereum
$158.1m6.17%
USDELogo of Aave V3Aave V3
Logo of Plasma
$153.76m4.84%
SRUSDELogo of Strata MarketsStrata Markets
Logo of Ethereum
$32.1m3.08%
REUSDELogo of ReRe
Logo of Ethereum
$20.07m22.88%
JRUSDELogo of Strata MarketsStrata Markets
Logo of Ethereum
$6.59m7.11%
USDELogo of Aave V3Aave V3
Logo of MegaETH
$578,6182.40%
HYPERWILDCATUSDEHyperithm Wildcat USDeLogo of Wildcat ProtocolWildcat Protocol
Logo of Ethereum
$577,03010.00%

Chains

Avalanche

Avalanche

Ethereum

Ethereum

Primary
Op-Mainnet

Op-Mainnet

TON

TON

EQAIb6...zP5f

ZKsync Lite-ZKsync Era

ZKsync Lite-ZKsync Era

0x39fe...db0d

Berachain

Berachain

ZKsync Era

ZKsync Era

Hyperliquid L1

Hyperliquid L1

OP Mainnet

OP Mainnet

Tempo

Tempo

0x20c0...207B