⌘KTry LlamaAI

Ethena USDe(USDE)

Onchain Marketcap$4.593b

Onchain Marketcap by chain

Ethereum$2.588b

Solana$532.73m

Plasma$369.05m

Base$353.24m

Robinhood Chain$326.12m

TON$170.27m

Monad$82.37m

BSC$78.4m

Mantle$61.14m

Berachain$11.89m

Hyperliquid L1$8.84m

Avalanche$5.62m

Arbitrum$4.02m

Blast$928,915

MegaETH$374,449

Morph$78,404

Zircuit$66,903

Ink$61,384

Fraxtal$29,183

Movement$21,065

OP Mainnet$13,146

Linea$6,544

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

Key Metrics

Active Marketcap$4.593b

Ethereum$2.588b

Solana$532.73m

Plasma$369.05m

Base$353.24m

Robinhood Chain$326.12m

TON$170.27m

Monad$82.37m

BSC$78.4m

Mantle$61.14m

Berachain$11.89m

Hyperliquid L1$8.84m

Avalanche$5.62m

Arbitrum$4.02m

Blast$928,915

MegaETH$374,449

Morph$78,404

Zircuit$66,903

Ink$61,384

Fraxtal$29,183

Movement$21,065

OP Mainnet$13,146

Linea$6,544

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

DeFi Active TVL$3.926b

LayerZero V2$2.009b

Ethereum$2.009b

Aave V3$1b

Ethereum$534.97m

Plasma$368.23m

Monad$82.29m

Mantle$14.46m

MegaETH$50,510

Avalanche$2,080

Morpho Blue$352.64m

Base$352.08m

Ethereum$511,824

Hyperliquid L1$50,229

Arbitrum$41

Kamino Lend$265.31m

Solana$265.31m

Jupiter Lend$261.58m

Solana$261.58m

Curve DEX$9.73m

Ethereum$9.35m

Plasma$341,785

Hyperliquid L1$41,117

Fraxtal$3,620

Arbitrum$533

Uniswap V3$4.14m

Ethereum$3.41m

Avalanche$358,706

Base$347,847

Arbitrum$13,421

BSC$5,432

Kodiak V3$3.39m

Berachain$3.39m

Pendle V2$3.06m

Ethereum$2.37m

Plasma$254,073

Arbitrum$214,277

BSC$98,613

Mantle$64,733

Monad$58,599

Base$1,679

Hyperliquid L1$108

Berachain$40

Orca DEX$2.81m

Solana$2.81m

Agni Finance$2.2m

Mantle$2.2m

Uniswap V4$2.08m

Ethereum$2.07m

BSC$4,450

Base$3,925

OP Mainnet$1,913

Monad$1,442

Avalanche$1,255

Arbitrum$1,105

MegaETH$299

Blast$108

X Layer$48

Ethereal Season Zero$1.81m

Ethereum$1.81m

PumpSwap$1.25m

Solana$1.25m

Fluid Lending$1.12m

Ethereum$964,204

Plasma$125,772

Arbitrum$26,357

Base$39

Aave V4$1.07m

Ethereum$1.07m

Compound V3$1.03m

Mantle$1.03m

Ethereum$557

Thruster V3$887,301

Blast$887,301

Meteora DLMM$617,655

Solana$617,655

Merchant Moe Liquidity Book$452,754

Mantle$452,754

Zircuit Staking$264,272

Ethereum$201,416

Zircuit$62,856

Ekubo$217,767

Ethereum$217,767

Injective Bridge$209,447

Ethereum$209,447

Derive V2$192,269

Ethereum$192,059

Arbitrum$175

OP Mainnet$35

OpenGDP Shared Security$175,253

Ethereum$175,253

Wildcat Protocol$161,939

Ethereum$161,939

GMX V2 Perps$80,299

Arbitrum$80,299

HypurrFi Pooled$75,488

Hyperliquid L1$75,488

Yearn Finance$64,275

Arbitrum$64,275

SYMMIO$60,629

Mantle$60,629

Origin ARM$54,892

Ethereum$54,892

HyperLend Pooled$54,319

Hyperliquid L1$54,319

Metric V2$44,896

Ethereum$44,896

Camelot V3$38,479

Arbitrum$38,479

INIT Capital$34,713

Mantle$33,685

Blast$1,028

Hyperdrive HL Lending$29,976

Hyperliquid L1$29,976

Manifest Trade$23,618

Solana$23,618

Re$18,419

Ethereum$18,419

RateX DEX$17,376

Solana$17,376

Velodrome V2$16,878

Fraxtal$16,868

Mode$10

Venus Core Pool$15,668

BSC$15,551

Ethereum$117

Fuel Bridge$14,681

Ethereum$14,681

Parallel Protocol V3$13,289

Hyperliquid L1$13,276

Ethereum$13

Swell L2 Farm$13,116

Ethereum$13,116

Mantle Treasury (Treasury)$12,502

Ethereum$12,502

Hyperbeat Earn$10,326

Hyperliquid L1$10,326

HyperSwap V3$10,062

Hyperliquid L1$10,062

Tydro$9,659

Ink$9,659

Radpie$6,094

Arbitrum$6,094

Chamber (Treasury)$5,703

Ethereum$5,703

Project X$5,482

Hyperliquid L1$5,482

KTX Perps$5,205

Mantle$5,205

Lendle Pooled Markets$5,128

Mantle$5,128

Teller$5,001

Ethereum$5,001

Euler V2$4,780

Ethereum$4,656

Plasma$67

Arbitrum$57

HX Finance$4,724

Hyperliquid L1$4,724

HyperWave$3,494

Ethereum$2,639

Hyperliquid L1$814

Base$41

Beefy$3,400

Arbitrum$3,043

Hyperliquid L1$357

Kittenswap CL$3,207

Hyperliquid L1$3,207

Mezo Bridge$1,902

Ethereum$1,902

Apex Omni$1,658

Ethereum$979

Mantle$679

PancakeSwap AMM V3$1,259

Arbitrum$1,245

Ethereum$14

Orbit Protocol$1,234

Blast$1,234

Kumbaya$1,017

MegaETH$1,017

Gliquid$958

Hyperliquid L1$958

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Maverick V2$709

ZKsync Era$687

Ethereum$22

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Latch$617

Ethereum$617

Splice Finance$531

Mode$531

Lendle Isolated Markets$518

Mantle$518

Curve LlamaLend$414

Ethereum$414

SushiSwap V3$399

Arbitrum$370

BSC$29

Rumpel Labs$362

Ethereum$362

Omega$299

Mantle$299

Fraxlend$278

Ethereum$278

SpringX$278

Plasma$278

Meteora DAMM V1$264

Solana$264

Meteora vaults$264

Solana$264

Aurelius$250

Mantle$250

Folks Finance xChain$238

Avalanche$238

Stargate Finance (Treasury)$205

Ethereum$205

PulseChain Bridge$182

Ethereum$182

Fraxtal$178

Ethereum$178

PancakeSwap Infinity$174

BSC$174

Cypher V4$170

Ethereum$170

Native Credit Pool$145

Ethereum$145

Ambient$135

Scroll$135

Aerodrome Slipstream$127

Base$127

Ultrasolid V3$122

Hyperliquid L1$122

BEX$90

Berachain$90

Ring Few$84

Blast$84

Ocelex V2$84

Zircuit$84

Cega V2$75

Ethereum$75

Timeswap V2$73

Hyperliquid L1$73

Radiant V2$70

Ethereum$70

Hybra V3$65

Hyperliquid L1$65

Laminar$62

Hyperliquid L1$62

Royco V1$61

Ethereum$61

SuperHedge$54

Ethereum$54

Supernova CL$52

Ethereum$52

Velkonix$50

MegaETH$50

Poolshark$50

Mode$50

Lista Lending$42

BSC$42

Ramses CL V2$41

Hyperliquid L1$41

Nile CL$40

Linea$40

LayerBank$30

Scroll$30

deBridge$29

Ethereum$15

Arbitrum$14

Ionex$28

Plasma$28

Velodrome V3$26

Ink$26

edgeX (Treasury)$23

Ethereum$23

Tokenlon AMM$22

Ethereum$22

Zuit Swap$17

Zircuit$17

Kittenswap Algebra$15

Hyperliquid L1$15

ShapeShift (Treasury)$14

Ethereum$14

Superloop$13

Ethereum$13

Aerodrome V1$12

Base$12

Railgun$10

Ethereum$10

USDE Price$1

Chains29

Native Yield5.07%

Ethena USDe(USDE)

Onchain Marketcap$4.593b

Onchain Marketcap by chain

Ethereum$2.588b

Solana$532.73m

Plasma$369.05m

Base$353.24m

Robinhood Chain$326.12m

TON$170.27m

Monad$82.37m

BSC$78.4m

Mantle$61.14m

Berachain$11.89m

Hyperliquid L1$8.84m

Avalanche$5.62m

Arbitrum$4.02m

Blast$928,915

MegaETH$374,449

Morph$78,404

Zircuit$66,903

Ink$61,384

Fraxtal$29,183

Movement$21,065

OP Mainnet$13,146

Linea$6,544

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

Market dataNet FlowsFlow vs price

Key Metrics

Active Marketcap$4.593b

Ethereum$2.588b

Solana$532.73m

Plasma$369.05m

Base$353.24m

Robinhood Chain$326.12m

TON$170.27m

Monad$82.37m

BSC$78.4m

Mantle$61.14m

Berachain$11.89m

Hyperliquid L1$8.84m

Avalanche$5.62m

Arbitrum$4.02m

Blast$928,915

MegaETH$374,449

Morph$78,404

Zircuit$66,903

Ink$61,384

Fraxtal$29,183

Movement$21,065

OP Mainnet$13,146

Linea$6,544

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

DeFi Active TVL$3.926b

LayerZero V2$2.009b

Ethereum$2.009b

Aave V3$1b

Ethereum$534.97m

Plasma$368.23m

Monad$82.29m

Mantle$14.46m

MegaETH$50,510

Avalanche$2,080

Morpho Blue$352.64m

Base$352.08m

Ethereum$511,824

Hyperliquid L1$50,229

Arbitrum$41

Kamino Lend$265.31m

Solana$265.31m

Jupiter Lend$261.58m

Solana$261.58m

Curve DEX$9.73m

Ethereum$9.35m

Plasma$341,785

Hyperliquid L1$41,117

Fraxtal$3,620

Arbitrum$533

Uniswap V3$4.14m

Ethereum$3.41m

Avalanche$358,706

Base$347,847

Arbitrum$13,421

BSC$5,432

Kodiak V3$3.39m

Berachain$3.39m

Pendle V2$3.06m

Ethereum$2.37m

Plasma$254,073

Arbitrum$214,277

BSC$98,613

Mantle$64,733

Monad$58,599

Base$1,679

Hyperliquid L1$108

Berachain$40

Orca DEX$2.81m

Solana$2.81m

Agni Finance$2.2m

Mantle$2.2m

Uniswap V4$2.08m

Ethereum$2.07m

BSC$4,450

Base$3,925

OP Mainnet$1,913

Monad$1,442

Avalanche$1,255

Arbitrum$1,105

MegaETH$299

Blast$108

X Layer$48

Ethereal Season Zero$1.81m

Ethereum$1.81m

PumpSwap$1.25m

Solana$1.25m

Fluid Lending$1.12m

Ethereum$964,204

Plasma$125,772

Arbitrum$26,357

Base$39

Aave V4$1.07m

Ethereum$1.07m

Compound V3$1.03m

Mantle$1.03m

Ethereum$557

Thruster V3$887,301

Blast$887,301

Meteora DLMM$617,655

Solana$617,655

Merchant Moe Liquidity Book$452,754

Mantle$452,754

Zircuit Staking$264,272

Ethereum$201,416

Zircuit$62,856

Ekubo$217,767

Ethereum$217,767

Injective Bridge$209,447

Ethereum$209,447

Derive V2$192,269

Ethereum$192,059

Arbitrum$175

OP Mainnet$35

OpenGDP Shared Security$175,253

Ethereum$175,253

Wildcat Protocol$161,939

Ethereum$161,939

GMX V2 Perps$80,299

Arbitrum$80,299

HypurrFi Pooled$75,488

Hyperliquid L1$75,488

Yearn Finance$64,275

Arbitrum$64,275

SYMMIO$60,629

Mantle$60,629

Origin ARM$54,892

Ethereum$54,892

HyperLend Pooled$54,319

Hyperliquid L1$54,319

Metric V2$44,896

Ethereum$44,896

Camelot V3$38,479

Arbitrum$38,479

INIT Capital$34,713

Mantle$33,685

Blast$1,028

Hyperdrive HL Lending$29,976

Hyperliquid L1$29,976

Manifest Trade$23,618

Solana$23,618

Re$18,419

Ethereum$18,419

RateX DEX$17,376

Solana$17,376

Velodrome V2$16,878

Fraxtal$16,868

Mode$10

Venus Core Pool$15,668

BSC$15,551

Ethereum$117

Fuel Bridge$14,681

Ethereum$14,681

Parallel Protocol V3$13,289

Hyperliquid L1$13,276

Ethereum$13

Swell L2 Farm$13,116

Ethereum$13,116

Mantle Treasury (Treasury)$12,502

Ethereum$12,502

Hyperbeat Earn$10,326

Hyperliquid L1$10,326

HyperSwap V3$10,062

Hyperliquid L1$10,062

Tydro$9,659

Ink$9,659

Radpie$6,094

Arbitrum$6,094

Chamber (Treasury)$5,703

Ethereum$5,703

Project X$5,482

Hyperliquid L1$5,482

KTX Perps$5,205

Mantle$5,205

Lendle Pooled Markets$5,128

Mantle$5,128

Teller$5,001

Ethereum$5,001

Euler V2$4,780

Ethereum$4,656

Plasma$67

Arbitrum$57

HX Finance$4,724

Hyperliquid L1$4,724

HyperWave$3,494

Ethereum$2,639

Hyperliquid L1$814

Base$41

Beefy$3,400

Arbitrum$3,043

Hyperliquid L1$357

Kittenswap CL$3,207

Hyperliquid L1$3,207

Mezo Bridge$1,902

Ethereum$1,902

Apex Omni$1,658

Ethereum$979

Mantle$679

PancakeSwap AMM V3$1,259

Arbitrum$1,245

Ethereum$14

Orbit Protocol$1,234

Blast$1,234

Kumbaya$1,017

MegaETH$1,017

Gliquid$958

Hyperliquid L1$958

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Maverick V2$709

ZKsync Era$687

Ethereum$22

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Latch$617

Ethereum$617

Splice Finance$531

Mode$531

Lendle Isolated Markets$518

Mantle$518

Curve LlamaLend$414

Ethereum$414

SushiSwap V3$399

Arbitrum$370

BSC$29

Rumpel Labs$362

Ethereum$362

Omega$299

Mantle$299

Fraxlend$278

Ethereum$278

SpringX$278

Plasma$278

Meteora DAMM V1$264

Solana$264

Meteora vaults$264

Solana$264

Aurelius$250

Mantle$250

Folks Finance xChain$238

Avalanche$238

Stargate Finance (Treasury)$205

Ethereum$205

PulseChain Bridge$182

Ethereum$182

Fraxtal$178

Ethereum$178

PancakeSwap Infinity$174

BSC$174

Cypher V4$170

Ethereum$170

Native Credit Pool$145

Ethereum$145

Ambient$135

Scroll$135

Aerodrome Slipstream$127

Base$127

Ultrasolid V3$122

Hyperliquid L1$122

BEX$90

Berachain$90

Ring Few$84

Blast$84

Ocelex V2$84

Zircuit$84

Cega V2$75

Ethereum$75

Timeswap V2$73

Hyperliquid L1$73

Radiant V2$70

Ethereum$70

Hybra V3$65

Hyperliquid L1$65

Laminar$62

Hyperliquid L1$62

Royco V1$61

Ethereum$61

SuperHedge$54

Ethereum$54

Supernova CL$52

Ethereum$52

Velkonix$50

MegaETH$50

Poolshark$50

Mode$50

Lista Lending$42

BSC$42

Ramses CL V2$41

Hyperliquid L1$41

Nile CL$40

Linea$40

LayerBank$30

Scroll$30

deBridge$29

Ethereum$15

Arbitrum$14

Ionex$28

Plasma$28

Velodrome V3$26

Ink$26

edgeX (Treasury)$23

Ethereum$23

Tokenlon AMM$22

Ethereum$22

Zuit Swap$17

Zircuit$17

Kittenswap Algebra$15

Hyperliquid L1$15

ShapeShift (Treasury)$14

Ethereum$14

Superloop$13

Ethereum$13

Aerodrome V1$12

Base$12

Railgun$10

Ethereum$10

USDE Price$1

Chains29

Native Yield5.07%

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 Yield5.07%

Historical APY from Ethena Labs, S.A.

DeFi Yield Opportunities (77)

Pool	Reference	Protocol
1 aEthUSDeAave Ethereum USDe	USDe	Aave V3	$633.74m	4.75%0.74%+4.01%	Stable 75	1,701
2 aPlaUSDeAave Plasma USDe	USDe	Aave V3	$432.43m	4.74%0.72%+4.03%	Stable 79
3 USDeEthena Market	USDe	Kamino Lend	$265.08m	0.00%	Stable 100
4 reUSDRe Protocol Deposit Token	reUSD	Re	$244.87m	6.63%	Stable 98	782
5 aMonUSDeAave Monad USDe	USDe	Aave V3	$88.41m	5.75%0.33%+5.42%	Stable 89	50
6 FRAXUSDeFRAXUSDe	FRAX-USDe	Curve DEX	$34.03m	2.97%0.01%+2.96%	Stable 92	77
7 FRAXUSDeFRAXUSDe	FRAX-USDe	Convex Finance	$33.92m	4.51%0.01%+4.50%	Stable 93	77
8 srUSDeStrata Senior USDe	USDe	Strata Markets🪂	$22.45m	3.96%	Stable 95	2,469
9 reUSDeRe Protocol reUSDe	reUSDe	Re	$20.24m	12.28%	Stable 100	533
10 aManUSDeAave Mantle USDe	USDe	Aave V3	$14.53m	4.75%0.02%+4.73%	Stable 85