Key Metrics
Fees 30d$21.3m
Fees 30d by chain
Ethereum$21.3m
Fees 7d$4.88m
Ethereum$4.88m
Fees 24h$94,688
Ethereum$94,688
Cumulative Fees$1.044b
Ethereum$1.044b
Revenue 30d$14,786.77
Revenue 30d by chain
Ethereum$14,786.77
Revenue 7d$848.5
Ethereum$848.5
Revenue 24h$68.62
Ethereum$68.62
Cumulative Revenue$332.94m
Ethereum$332.94m
Protocol Information
Ethena is a synthetic dollar protocol built on Ethereum
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Staking rewards + yield distribution + mint fees + extra feesView code on GitHubRevenue: Mint Fees and staking rewards portion to Reserve FundView code on GitHubYields
Pools Tracked1
Average Supply APY5.01%
User Activity
Active Addresses (24h)44
Transactions (24h)52
Competitors
Frequently Asked Questions
What is Ethena USDe's TVL?
Ethena USDe currently has $4.604b in total value locked. TVL has increased 16.4% over the past 30 days.
What chains does Ethena USDe operate on?
Ethena USDe operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Ethena USDe generated in fees and revenue?
Over the past 30 days, Ethena USDe generated $21.3m in fees. Of that, $14,786.77 was protocol revenue. Based on the trailing year, the annualized rate is $284.46m in fees and $4.3m in revenue.
How does Ethena USDe's TVL compare to similar protocols?
Among Basis Trading protocols tracked by DefiLlama, Ethena USDe ranks #1 by TVL. The category holds $7.323b across 40 protocols, and Ethena USDe accounts for 62.9% of that total. Other leading protocols include Falcon Finance, BitFi Basis, Solv Basis Trading, Bitwise USCC, Tori Finance, Axis, ZEROBASE CeDeFi, Aegis YUSD, Piku Finance, and BounceBit Prime.
How many yield pools does Ethena USDe have?
DefiLlama tracks 1 Ethena USDe yield pool with an average APY of 5%.

