⌘KTry LlamaAI

Ethena USDe(USDE)

Onchain Marketcap$4.072b

Onchain Marketcap by chain

Ethereum$2.283b

Solana$536.55m

Base$341.98m

Robinhood Chain$309.79m

BSC$168.45m

TON$142.67m

Plasma$134.31m

Monad$64.51m

Mantle$58.09m

Hyperliquid L1$15m

Berachain$12.31m

Arbitrum$1.79m

Avalanche$1.4m

Blast$929,444

MegaETH$378,076

Morph$78,492

Zircuit$67,095

Ink$60,943

Fraxtal$27,602

Movement$21,065

OP Mainnet$13,635

Linea$6,589

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$4.072b

Ethereum$2.283b

Solana$536.55m

Base$341.98m

Robinhood Chain$309.79m

BSC$168.45m

TON$142.67m

Plasma$134.31m

Monad$64.51m

Mantle$58.09m

Hyperliquid L1$15m

Berachain$12.31m

Arbitrum$1.79m

Avalanche$1.4m

Blast$929,444

MegaETH$378,076

Morph$78,492

Zircuit$67,095

Ink$60,943

Fraxtal$27,602

Movement$21,065

OP Mainnet$13,635

Linea$6,589

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

DeFi Active TVL$3.252b

LayerZero V2$1.797b

Ethereum$1.797b

Aave V3$506.63m

Ethereum$301.57m

Plasma$132.86m

Monad$63.98m

Mantle$8.16m

MegaETH$51,747

Avalanche$1,203

Morpho Blue$341.62m

Base$341.05m

Ethereum$512,654

Hyperliquid L1$53,569

Arbitrum$41

Kamino Lend$268.99m

Solana$268.99m

Jupiter Lend$259.65m

Solana$259.65m

Exponent Yield Exchange$42.28m

Solana$42.28m

Curve DEX$9.4m

Ethereum$8.74m

Plasma$615,497

Hyperliquid L1$37,518

Fraxtal$6,655

Arbitrum$550

Uniswap V3$3.59m

Ethereum$2.91m

Base$356,980

Avalanche$306,436

Arbitrum$10,373

BSC$1,933

Kodiak V3$3.35m

Berachain$3.35m

Pendle$3.31m

Ethereum$2.42m

Plasma$457,932

Arbitrum$214,360

BSC$98,723

Mantle$65,373

Monad$58,605

Base$1,680

Hyperliquid L1$108

Berachain$40

Orca DEX$2.65m

Solana$2.65m

Agni Finance$2.18m

Mantle$2.18m

Ethereal Season Zero$1.89m

Ethereum$1.89m

PumpSwap$1.25m

Solana$1.25m

Fluid Lending$1.18m

Ethereum$927,456

Plasma$234,571

Arbitrum$22,601

Base$44

Compound V3$989,042

Mantle$988,485

Ethereum$557

Thruster V3$915,279

Blast$915,279

Uniswap V4$797,829

Ethereum$782,843

BSC$4,462

Base$4,079

OP Mainnet$2,116

Monad$1,470

Avalanche$1,255

Arbitrum$1,149

MegaETH$299

Blast$108

X Layer$48

Meteora DLMM$616,598

Solana$616,598

Metric V2$542,499

Ethereum$542,499

Merchant Moe Liquidity Book$446,227

Mantle$446,227

Ekubo$325,069

Ethereum$325,069

Euler V2$268,146

Ethereum$267,716

Arbitrum$363

Plasma$67

Zircuit Staking$264,493

Ethereum$201,498

Zircuit$62,995

Wildcat Protocol$237,137

Ethereum$237,137

Injective Bridge$210,190

Ethereum$210,190

Derive V2$184,909

Ethereum$184,699

Arbitrum$175

OP Mainnet$35

OpenGDP Shared Security$176,862

Ethereum$176,862

GMX V2 Perps$80,507

Arbitrum$80,507

Yearn Finance$64,390

Arbitrum$64,390

HypurrFi Pooled$64,216

Hyperliquid L1$64,216

SYMMIO$63,579

Mantle$63,579

HyperLend Pooled$58,935

Hyperliquid L1$58,935

Origin ARM$54,246

Ethereum$54,246

Camelot V3$36,095

Arbitrum$36,095

INIT Capital$35,198

Mantle$34,158

Blast$1,040

Hyperdrive HL Lending$35,113

Hyperliquid L1$35,113

Re$30,537

Ethereum$30,537

Manifest Trade$29,245

Solana$29,245

RateX DEX$18,540

Solana$18,540

Hyperbeat Earn$16,205

Hyperliquid L1$16,205

Velodrome V2$15,768

Fraxtal$15,758

Mode$10

Fuel Bridge$14,682

Ethereum$14,682

Venus Core Pool$14,633

BSC$14,516

Ethereum$117

Swell L2 Farm$13,117

Ethereum$13,117

Mantle Treasury (Treasury)$12,503

Ethereum$12,503

Project X$12,477

Hyperliquid L1$12,477

HyperSwap V3$10,797

Hyperliquid L1$10,797

Tydro$9,217

Ink$9,217

Radpie$6,095

Arbitrum$6,095

Aave V4$5,771

Ethereum$5,771

Chamber (Treasury)$5,689

Ethereum$5,689

KTX Perps$5,205

Mantle$5,205

Lendle Pooled Markets$5,045

Mantle$5,045

Teller$5,001

Ethereum$5,001

HX Finance$4,727

Hyperliquid L1$4,727

Kittenswap CL$3,915

Hyperliquid L1$3,915

Beefy$3,579

Arbitrum$2,986

Hyperliquid L1$593

ZeroLend Lending$3,544

Linea$3,544

HyperWave$3,161

Ethereum$2,669

Hyperliquid L1$451

Base$41

Rumpel Labs$2,042

Ethereum$2,042

Mezo Bridge$1,902

Ethereum$1,902

Apex Omni$1,659

Ethereum$980

Mantle$679

PancakeSwap AMM V3$1,258

Arbitrum$1,244

Ethereum$14

Orbit Protocol$1,234

Blast$1,234

Gliquid$958

Hyperliquid L1$958

Kumbaya$912

MegaETH$912

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Parallel Protocol V3$722

Hyperliquid L1$674

Ethereum$48

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Maverick V2$645

ZKsync Era$623

Ethereum$22

Latch$617

Ethereum$617

Splice Finance$531

Mode$531

Lendle Isolated Markets$518

Mantle$518

Allbridge Core$447

Arbitrum$286

Ethereum$161

Curve LlamaLend$414

Ethereum$414

SushiSwap V3$393

Arbitrum$364

BSC$29

Omega$299

Mantle$299

Cypher V4$294

Ethereum$294

Fraxlend$278

Ethereum$278

SpringX$270

Plasma$270

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$175

BSC$175

Ocelex V2$174

Zircuit$174

Aerodrome Slipstream$146

Base$146

Native Credit Pool$145

Ethereum$145

Radiant V2$136

Ethereum$136

Ambient$132

Scroll$132

Ultrasolid V3$123

Hyperliquid L1$123

Ionex$98

Plasma$98

BEX$90

Berachain$90

Ring Few$84

Blast$84

Cega V2$75

Ethereum$75

Timeswap V2$73

Hyperliquid L1$73

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

Ramses CL V2$44

Hyperliquid L1$44

Lista Lending$42

BSC$42

Nile CL$40

Linea$40

LayerBank$30

Scroll$30

deBridge$29

Ethereum$15

Arbitrum$14

Velodrome V3$26

Ink$26

edgeX (Treasury)$23

Ethereum$23

Tokenlon AMM$22

Ethereum$22

Kittenswap Algebra$15

Hyperliquid L1$15

ShapeShift (Treasury)$14

Ethereum$14

Superloop$13

Ethereum$13

Aerodrome V1$12

Base$12

Project 0$12

Solana$12

Railgun$10

Ethereum$10

USDE Price$1

Chains29

Native Yield4.09%

Ethena USDe(USDE)

Onchain Marketcap$4.072b

Onchain Marketcap by chain

Ethereum$2.283b

Solana$536.55m

Base$341.98m

Robinhood Chain$309.79m

BSC$168.45m

TON$142.67m

Plasma$134.31m

Monad$64.51m

Mantle$58.09m

Hyperliquid L1$15m

Berachain$12.31m

Arbitrum$1.79m

Avalanche$1.4m

Blast$929,444

MegaETH$378,076

Morph$78,492

Zircuit$67,095

Ink$60,943

Fraxtal$27,602

Movement$21,065

OP Mainnet$13,635

Linea$6,589

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$4.072b

Ethereum$2.283b

Solana$536.55m

Base$341.98m

Robinhood Chain$309.79m

BSC$168.45m

TON$142.67m

Plasma$134.31m

Monad$64.51m

Mantle$58.09m

Hyperliquid L1$15m

Berachain$12.31m

Arbitrum$1.79m

Avalanche$1.4m

Blast$929,444

MegaETH$378,076

Morph$78,492

Zircuit$67,095

Ink$60,943

Fraxtal$27,602

Movement$21,065

OP Mainnet$13,635

Linea$6,589

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$974

Metis$372

Kava$140

X Layer$61

Tempo$22

DeFi Active TVL$3.252b

LayerZero V2$1.797b

Ethereum$1.797b

Aave V3$506.63m

Ethereum$301.57m

Plasma$132.86m

Monad$63.98m

Mantle$8.16m

MegaETH$51,747

Avalanche$1,203

Morpho Blue$341.62m

Base$341.05m

Ethereum$512,654

Hyperliquid L1$53,569

Arbitrum$41

Kamino Lend$268.99m

Solana$268.99m

Jupiter Lend$259.65m

Solana$259.65m

Exponent Yield Exchange$42.28m

Solana$42.28m

Curve DEX$9.4m

Ethereum$8.74m

Plasma$615,497

Hyperliquid L1$37,518

Fraxtal$6,655

Arbitrum$550

Uniswap V3$3.59m

Ethereum$2.91m

Base$356,980

Avalanche$306,436

Arbitrum$10,373

BSC$1,933

Kodiak V3$3.35m

Berachain$3.35m

Pendle$3.31m

Ethereum$2.42m

Plasma$457,932

Arbitrum$214,360

BSC$98,723

Mantle$65,373

Monad$58,605

Base$1,680

Hyperliquid L1$108

Berachain$40

Orca DEX$2.65m

Solana$2.65m

Agni Finance$2.18m

Mantle$2.18m

Ethereal Season Zero$1.89m

Ethereum$1.89m

PumpSwap$1.25m

Solana$1.25m

Fluid Lending$1.18m

Ethereum$927,456

Plasma$234,571

Arbitrum$22,601

Base$44

Compound V3$989,042

Mantle$988,485

Ethereum$557

Thruster V3$915,279

Blast$915,279

Uniswap V4$797,829

Ethereum$782,843

BSC$4,462

Base$4,079

OP Mainnet$2,116

Monad$1,470

Avalanche$1,255

Arbitrum$1,149

MegaETH$299

Blast$108

X Layer$48

Meteora DLMM$616,598

Solana$616,598

Metric V2$542,499

Ethereum$542,499

Merchant Moe Liquidity Book$446,227

Mantle$446,227

Ekubo$325,069

Ethereum$325,069

Euler V2$268,146

Ethereum$267,716

Arbitrum$363

Plasma$67

Zircuit Staking$264,493

Ethereum$201,498

Zircuit$62,995

Wildcat Protocol$237,137

Ethereum$237,137

Injective Bridge$210,190

Ethereum$210,190

Derive V2$184,909

Ethereum$184,699

Arbitrum$175

OP Mainnet$35

OpenGDP Shared Security$176,862

Ethereum$176,862

GMX V2 Perps$80,507

Arbitrum$80,507

Yearn Finance$64,390

Arbitrum$64,390

HypurrFi Pooled$64,216

Hyperliquid L1$64,216

SYMMIO$63,579

Mantle$63,579

HyperLend Pooled$58,935

Hyperliquid L1$58,935

Origin ARM$54,246

Ethereum$54,246

Camelot V3$36,095

Arbitrum$36,095

INIT Capital$35,198

Mantle$34,158

Blast$1,040

Hyperdrive HL Lending$35,113

Hyperliquid L1$35,113

Re$30,537

Ethereum$30,537

Manifest Trade$29,245

Solana$29,245

RateX DEX$18,540

Solana$18,540

Hyperbeat Earn$16,205

Hyperliquid L1$16,205

Velodrome V2$15,768

Fraxtal$15,758

Mode$10

Fuel Bridge$14,682

Ethereum$14,682

Venus Core Pool$14,633

BSC$14,516

Ethereum$117

Swell L2 Farm$13,117

Ethereum$13,117

Mantle Treasury (Treasury)$12,503

Ethereum$12,503

Project X$12,477

Hyperliquid L1$12,477

HyperSwap V3$10,797

Hyperliquid L1$10,797

Tydro$9,217

Ink$9,217

Radpie$6,095

Arbitrum$6,095

Aave V4$5,771

Ethereum$5,771

Chamber (Treasury)$5,689

Ethereum$5,689

KTX Perps$5,205

Mantle$5,205

Lendle Pooled Markets$5,045

Mantle$5,045

Teller$5,001

Ethereum$5,001

HX Finance$4,727

Hyperliquid L1$4,727

Kittenswap CL$3,915

Hyperliquid L1$3,915

Beefy$3,579

Arbitrum$2,986

Hyperliquid L1$593

ZeroLend Lending$3,544

Linea$3,544

HyperWave$3,161

Ethereum$2,669

Hyperliquid L1$451

Base$41

Rumpel Labs$2,042

Ethereum$2,042

Mezo Bridge$1,902

Ethereum$1,902

Apex Omni$1,659

Ethereum$980

Mantle$679

PancakeSwap AMM V3$1,258

Arbitrum$1,244

Ethereum$14

Orbit Protocol$1,234

Blast$1,234

Gliquid$958

Hyperliquid L1$958

Kumbaya$912

MegaETH$912

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Parallel Protocol V3$722

Hyperliquid L1$674

Ethereum$48

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Maverick V2$645

ZKsync Era$623

Ethereum$22

Latch$617

Ethereum$617

Splice Finance$531

Mode$531

Lendle Isolated Markets$518

Mantle$518

Allbridge Core$447

Arbitrum$286

Ethereum$161

Curve LlamaLend$414

Ethereum$414

SushiSwap V3$393

Arbitrum$364

BSC$29

Omega$299

Mantle$299

Cypher V4$294

Ethereum$294

Fraxlend$278

Ethereum$278

SpringX$270

Plasma$270

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$175

BSC$175

Ocelex V2$174

Zircuit$174

Aerodrome Slipstream$146

Base$146

Native Credit Pool$145

Ethereum$145

Radiant V2$136

Ethereum$136

Ambient$132

Scroll$132

Ultrasolid V3$123

Hyperliquid L1$123

Ionex$98

Plasma$98

BEX$90

Berachain$90

Ring Few$84

Blast$84

Cega V2$75

Ethereum$75

Timeswap V2$73

Hyperliquid L1$73

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

Ramses CL V2$44

Hyperliquid L1$44

Lista Lending$42

BSC$42

Nile CL$40

Linea$40

LayerBank$30

Scroll$30

deBridge$29

Ethereum$15

Arbitrum$14

Velodrome V3$26

Ink$26

edgeX (Treasury)$23

Ethereum$23

Tokenlon AMM$22

Ethereum$22

Kittenswap Algebra$15

Hyperliquid L1$15

ShapeShift (Treasury)$14

Ethereum$14

Superloop$13

Ethereum$13

Aerodrome V1$12

Base$12

Project 0$12

Solana$12

Railgun$10

Ethereum$10

USDE Price$1

Chains29

Native Yield4.09%

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 Yield4.09%

Historical APY from Ethena Labs, S.A.

DeFi Yield Opportunities (76)

Pool	Reference	Protocol
1 aEthUSDeAave Ethereum USDe	USDe	Aave V3	$753.97m	2.61%1.18%+1.43%	Stable 76	1,714
2 aPlaUSDeAave Plasma USDe	USDe	Aave V3	$291m	3.18%1.04%+2.14%	Stable 78
3 USDeEthena Market	USDe	Kamino Lend	$268.75m	0.00%	Stable 100
4 reUSDRe Protocol Deposit Token	reUSD	Re	$208.39m	6.43%	Stable 99	782
5 aMonUSDeAave Monad USDe	USDe	Aave V3	$99.96m	5.57%0.43%+5.14%	Stable 80	48
6 srUSDeStrata Senior USDe	USDe	Strata Markets🪂	$58.04m	3.63%	Stable 96	2,491
7 FRAXUSDeFRAXUSDe	FRAX-USDe	Curve DEX	$34.04m	2.90%0.01%+2.89%	Stable 93	77
8 FRAXUSDeFRAXUSDe	FRAX-USDe	Convex Finance	$33.93m	4.84%0.01%+4.83%	Stable 91	77
9 reUSDeRe Protocol reUSDe	reUSDe	Re	$19.74m	12.26%	Stable 100	515
10 ctUSDeConcrete-USDe-Vault	USDe	Concrete🪂	$13.44m	0.00%	Stable 100	239