Protocol Information
tsUSDe is a special version of sUSDe deployed on TON
Methodology
TVL: USDe is locked on the vault smart contract (EQChGuD1u0e7KUWHH5FaYh_ygcLXhsdG2nSHPXHW8qqnpZXW)View code on GitHubCompetitors
Ethena tsUSDe history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 22, 2025 to Oct 27, 2026.
All-time high TVL: $26.82m on Aug 17, 2025. All-time low TVL: $2.37m on Oct 27, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $3m |
| Sep 29, 2026 | $2.99m |
| Sep 30, 2026 | $2.99m |
| Oct 1, 2026 | $2.99m |
| Oct 2, 2026 | $3m |
| Oct 3, 2026 | $3m |
| Oct 4, 2026 | $3m |
| Oct 5, 2026 | $3m |
| Oct 6, 2026 | $2.99m |
| Oct 7, 2026 | $2.98m |
| Oct 8, 2026 | $2.97m |
| Oct 9, 2026 | $2.97m |
| Oct 10, 2026 | $2.97m |
| Oct 11, 2026 | $2.97m |
| Oct 12, 2026 | $2.97m |
| Oct 13, 2026 | $2.96m |
| Oct 14, 2026 | $2.41m |
| Oct 15, 2026 | $2.41m |
| Oct 16, 2026 | $2.41m |
| Oct 17, 2026 | $2.41m |
| Oct 18, 2026 | $2.41m |
| Oct 19, 2026 | $2.41m |
| Oct 20, 2026 | $2.41m |
| Oct 21, 2026 | $2.4m |
| Oct 22, 2026 | $2.38m |
| Oct 23, 2026 | $2.38m |
| Oct 24, 2026 | $2.38m |
| Oct 25, 2026 | $2.38m |
| Oct 26, 2026 | $2.38m |
| Oct 27, 2026 | $2.37m |
TVL at each month end, Jul 2025 to Oct 2026
| Date | TVL |
|---|---|
| Jul 31, 2025 | $24.14m |
| Aug 31, 2025 | $26.02m |
| Sep 30, 2025 | $25.68m |
| Oct 31, 2025 | $16.59m |
| Nov 30, 2025 | $9.05m |
| Dec 31, 2025 | $6.9m |
| Jan 31, 2026 | $6.64m |
| Feb 28, 2026 | $5.29m |
| Mar 31, 2026 | $4.35m |
| Apr 30, 2026 | $4.11m |
| May 31, 2026 | $3.87m |
| Jun 30, 2026 | $3.7m |
| Jul 31, 2026 | $3.53m |
| Aug 31, 2026 | $3.22m |
| Sep 30, 2026 | $2.99m |
| Oct 27, 2026 (latest) | $2.37m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/ethena-tsusde
Frequently asked questions
What is Ethena tsUSDe's TVL?
As of Oct 27, 2026, Ethena tsUSDe has $2.38m in total value locked. TVL has decreased 20.8% over the past 30 days.
What chains does Ethena tsUSDe operate on?
Ethena tsUSDe operates on TON. TON holds the largest share at 100%.
How does Ethena tsUSDe's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Ethena tsUSDe ranks #56 by TVL. The category holds $4.633b across 569 protocols, and Ethena tsUSDe accounts for 0.1% of that total. Similar protocols include FIVA, Tonyielding, Spark Savings, Pendle V2, Convex Finance, Stake DAO Yield, Avalon Superearn, Concentrator, Lorenzo sUSD1+, and Yuzu Money.