⌘KTry LlamaAI

Ethena USDe(USDE)

Onchain Marketcap$4.604b

Onchain Marketcap by chain

Ethereum$2.598b

Solana$535.64m

Plasma$361.59m

Base$352.06m

Robinhood Chain$322.83m

TON$169.4m

Monad$93.45m

BSC$78.41m

Mantle$61.15m

Berachain$11.76m

Hyperliquid L1$8.84m

Avalanche$5.51m

Arbitrum$4.01m

Blast$929,008

MegaETH$374,486

Morph$78,412

Zircuit$66,910

Ink$61,390

Fraxtal$27,236

Movement$21,067

OP Mainnet$13,148

Linea$6,545

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$975

Metis$372

Kava$140

X Layer$61

Tempo$22

Key Metrics

Active Marketcap$4.604b

Ethereum$2.598b

Solana$535.64m

Plasma$361.59m

Base$352.06m

Robinhood Chain$322.83m

TON$169.4m

Monad$93.45m

BSC$78.41m

Mantle$61.15m

Berachain$11.76m

Hyperliquid L1$8.84m

Avalanche$5.51m

Arbitrum$4.01m

Blast$929,008

MegaETH$374,486

Morph$78,412

Zircuit$66,910

Ink$61,390

Fraxtal$27,236

Movement$21,067

OP Mainnet$13,148

Linea$6,545

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$975

Metis$372

Kava$140

X Layer$61

Tempo$22

DeFi Active TVL$3.918b

LayerZero V2$2.01b

Ethereum$2.01b

Aave V3$990.94m

Ethereum$522.51m

Plasma$360.78m

Monad$93.17m

Mantle$14.43m

MegaETH$50,516

Avalanche$2,080

Morpho Blue$351.53m

Base$350.96m

Ethereum$511,885

Hyperliquid L1$50,903

Arbitrum$41

Kamino Lend$268.01m

Solana$268.01m

Jupiter Lend$261.95m

Solana$261.95m

Curve DEX$9.65m

Ethereum$9.26m

Plasma$346,399

Hyperliquid L1$41,871

Fraxtal$2,178

Arbitrum$533

Uniswap V3$3.8m

Ethereum$3.1m

Base$348,045

Avalanche$332,756

Arbitrum$11,651

BSC$5,433

Kodiak V3$3.39m

Berachain$3.39m

Pendle V2$3.06m

Ethereum$2.37m

Plasma$254,106

Arbitrum$214,303

BSC$98,625

Mantle$64,741

Monad$58,606

Base$1,679

Hyperliquid L1$108

Berachain$40

Orca DEX$2.52m

Solana$2.52m

Agni Finance$2.2m

Mantle$2.2m

Ethereal Season Zero$1.81m

Ethereum$1.81m

PumpSwap$1.25m

Solana$1.25m

Aave V4$1.16m

Ethereum$1.16m

Fluid Lending$1.08m

Ethereum$928,618

Plasma$121,857

Arbitrum$26,600

Base$39

Compound V3$1.03m

Mantle$1.03m

Ethereum$557

Uniswap V4$959,014

Ethereum$944,200

BSC$4,451

Base$3,928

OP Mainnet$1,913

Monad$1,442

Arbitrum$1,370

Avalanche$1,255

MegaETH$299

Blast$108

X Layer$48

Thruster V3$898,511

Blast$898,511

Meteora DLMM$617,722

Solana$617,722

Merchant Moe Liquidity Book$451,140

Mantle$451,140

Zircuit Staking$264,305

Ethereum$201,441

Zircuit$62,864

Injective Bridge$210,165

Ethereum$210,165

Derive V2$192,292

Ethereum$192,082

Arbitrum$175

OP Mainnet$35

OpenGDP Shared Security$175,275

Ethereum$175,275

Wildcat Protocol$162,046

Ethereum$162,046

Ekubo$156,048

Ethereum$156,048

GMX V2 Perps$80,309

Arbitrum$80,309

HypurrFi Pooled$75,498

Hyperliquid L1$75,498

Yearn Finance$64,283

Arbitrum$64,283

SYMMIO$60,636

Mantle$60,636

Origin ARM$54,867

Ethereum$54,867

HyperLend Pooled$52,677

Hyperliquid L1$52,677

Metric V2$52,340

Ethereum$52,340

Camelot V3$39,232

Arbitrum$39,232

INIT Capital$35,023

Mantle$33,995

Blast$1,028

Hyperdrive HL Lending$30,141

Hyperliquid L1$30,141

Manifest Trade$23,091

Solana$23,091

Re$18,421

Ethereum$18,421

RateX DEX$17,379

Solana$17,379

Velodrome V2$16,372

Fraxtal$16,362

Mode$10

Venus Core Pool$15,663

BSC$15,546

Ethereum$117

Fuel Bridge$14,683

Ethereum$14,683

Parallel Protocol V3$14,184

Hyperliquid L1$14,171

Ethereum$13

Swell L2 Farm$13,118

Ethereum$13,118

Mantle Treasury (Treasury)$12,503

Ethereum$12,503

HyperSwap V3$11,063

Hyperliquid L1$11,063

Hyperbeat Earn$10,328

Hyperliquid L1$10,328

Tydro$9,660

Ink$9,660

Radpie$6,095

Arbitrum$6,095

Project X$5,855

Hyperliquid L1$5,855

Chamber (Treasury)$5,703

Ethereum$5,703

KTX Perps$5,205

Mantle$5,205

Lendle Pooled Markets$5,132

Mantle$5,132

Teller$5,001

Ethereum$5,001

HX Finance$4,728

Hyperliquid L1$4,728

Euler V2$3,693

Ethereum$3,569

Plasma$67

Arbitrum$57

HyperWave$3,494

Ethereum$2,639

Hyperliquid L1$814

Base$41

Beefy$3,426

Arbitrum$3,050

Hyperliquid L1$376

Kittenswap CL$2,940

Hyperliquid L1$2,940

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$959

Hyperliquid L1$959

Kumbaya$917

MegaETH$917

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Maverick V2$647

ZKsync Era$625

Ethereum$22

Latch$617

Ethereum$617

Splice Finance$531

Mode$531

Lendle Isolated Markets$518

Mantle$518

Curve LlamaLend$414

Ethereum$414

SushiSwap V3$401

Arbitrum$372

BSC$29

Rumpel Labs$372

Ethereum$372

Omega$299

Mantle$299

Fraxlend$278

Ethereum$278

SpringX$278

Plasma$278

Meteora DAMM V1$265

Solana$265

Meteora vaults$265

Solana$265

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

Ultrasolid V3$123

Hyperliquid L1$123

Aerodrome Slipstream$120

Base$120

Ionex$95

Plasma$95

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$66

Hyperliquid L1$66

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

Nile CL$40

Linea$40

Ramses CL V2$40

Hyperliquid L1$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

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 Yield5.04%

Ethena USDe(USDE)

Onchain Marketcap$4.604b

Onchain Marketcap by chain

Ethereum$2.598b

Solana$535.64m

Plasma$361.59m

Base$352.06m

Robinhood Chain$322.83m

TON$169.4m

Monad$93.45m

BSC$78.41m

Mantle$61.15m

Berachain$11.76m

Hyperliquid L1$8.84m

Avalanche$5.51m

Arbitrum$4.01m

Blast$929,008

MegaETH$374,486

Morph$78,412

Zircuit$66,910

Ink$61,390

Fraxtal$27,236

Movement$21,067

OP Mainnet$13,148

Linea$6,545

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$975

Metis$372

Kava$140

X Layer$61

Tempo$22

Market dataNet FlowsFlow vs price

Key Metrics

Active Marketcap$4.604b

Ethereum$2.598b

Solana$535.64m

Plasma$361.59m

Base$352.06m

Robinhood Chain$322.83m

TON$169.4m

Monad$93.45m

BSC$78.41m

Mantle$61.15m

Berachain$11.76m

Hyperliquid L1$8.84m

Avalanche$5.51m

Arbitrum$4.01m

Blast$929,008

MegaETH$374,486

Morph$78,412

Zircuit$66,910

Ink$61,390

Fraxtal$27,236

Movement$21,067

OP Mainnet$13,148

Linea$6,545

ZKsync Era$2,568

Scroll$1,953

Manta$1,749

Mode$975

Metis$372

Kava$140

X Layer$61

Tempo$22

DeFi Active TVL$3.918b

LayerZero V2$2.01b

Ethereum$2.01b

Aave V3$990.94m

Ethereum$522.51m

Plasma$360.78m

Monad$93.17m

Mantle$14.43m

MegaETH$50,516

Avalanche$2,080

Morpho Blue$351.53m

Base$350.96m

Ethereum$511,885

Hyperliquid L1$50,903

Arbitrum$41

Kamino Lend$268.01m

Solana$268.01m

Jupiter Lend$261.95m

Solana$261.95m

Curve DEX$9.65m

Ethereum$9.26m

Plasma$346,399

Hyperliquid L1$41,871

Fraxtal$2,178

Arbitrum$533

Uniswap V3$3.8m

Ethereum$3.1m

Base$348,045

Avalanche$332,756

Arbitrum$11,651

BSC$5,433

Kodiak V3$3.39m

Berachain$3.39m

Pendle V2$3.06m

Ethereum$2.37m

Plasma$254,106

Arbitrum$214,303

BSC$98,625

Mantle$64,741

Monad$58,606

Base$1,679

Hyperliquid L1$108

Berachain$40

Orca DEX$2.52m

Solana$2.52m

Agni Finance$2.2m

Mantle$2.2m

Ethereal Season Zero$1.81m

Ethereum$1.81m

PumpSwap$1.25m

Solana$1.25m

Aave V4$1.16m

Ethereum$1.16m

Fluid Lending$1.08m

Ethereum$928,618

Plasma$121,857

Arbitrum$26,600

Base$39

Compound V3$1.03m

Mantle$1.03m

Ethereum$557

Uniswap V4$959,014

Ethereum$944,200

BSC$4,451

Base$3,928

OP Mainnet$1,913

Monad$1,442

Arbitrum$1,370

Avalanche$1,255

MegaETH$299

Blast$108

X Layer$48

Thruster V3$898,511

Blast$898,511

Meteora DLMM$617,722

Solana$617,722

Merchant Moe Liquidity Book$451,140

Mantle$451,140

Zircuit Staking$264,305

Ethereum$201,441

Zircuit$62,864

Injective Bridge$210,165

Ethereum$210,165

Derive V2$192,292

Ethereum$192,082

Arbitrum$175

OP Mainnet$35

OpenGDP Shared Security$175,275

Ethereum$175,275

Wildcat Protocol$162,046

Ethereum$162,046

Ekubo$156,048

Ethereum$156,048

GMX V2 Perps$80,309

Arbitrum$80,309

HypurrFi Pooled$75,498

Hyperliquid L1$75,498

Yearn Finance$64,283

Arbitrum$64,283

SYMMIO$60,636

Mantle$60,636

Origin ARM$54,867

Ethereum$54,867

HyperLend Pooled$52,677

Hyperliquid L1$52,677

Metric V2$52,340

Ethereum$52,340

Camelot V3$39,232

Arbitrum$39,232

INIT Capital$35,023

Mantle$33,995

Blast$1,028

Hyperdrive HL Lending$30,141

Hyperliquid L1$30,141

Manifest Trade$23,091

Solana$23,091

Re$18,421

Ethereum$18,421

RateX DEX$17,379

Solana$17,379

Velodrome V2$16,372

Fraxtal$16,362

Mode$10

Venus Core Pool$15,663

BSC$15,546

Ethereum$117

Fuel Bridge$14,683

Ethereum$14,683

Parallel Protocol V3$14,184

Hyperliquid L1$14,171

Ethereum$13

Swell L2 Farm$13,118

Ethereum$13,118

Mantle Treasury (Treasury)$12,503

Ethereum$12,503

HyperSwap V3$11,063

Hyperliquid L1$11,063

Hyperbeat Earn$10,328

Hyperliquid L1$10,328

Tydro$9,660

Ink$9,660

Radpie$6,095

Arbitrum$6,095

Project X$5,855

Hyperliquid L1$5,855

Chamber (Treasury)$5,703

Ethereum$5,703

KTX Perps$5,205

Mantle$5,205

Lendle Pooled Markets$5,132

Mantle$5,132

Teller$5,001

Ethereum$5,001

HX Finance$4,728

Hyperliquid L1$4,728

Euler V2$3,693

Ethereum$3,569

Plasma$67

Arbitrum$57

HyperWave$3,494

Ethereum$2,639

Hyperliquid L1$814

Base$41

Beefy$3,426

Arbitrum$3,050

Hyperliquid L1$376

Kittenswap CL$2,940

Hyperliquid L1$2,940

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$959

Hyperliquid L1$959

Kumbaya$917

MegaETH$917

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Maverick V2$647

ZKsync Era$625

Ethereum$22

Latch$617

Ethereum$617

Splice Finance$531

Mode$531

Lendle Isolated Markets$518

Mantle$518

Curve LlamaLend$414

Ethereum$414

SushiSwap V3$401

Arbitrum$372

BSC$29

Rumpel Labs$372

Ethereum$372

Omega$299

Mantle$299

Fraxlend$278

Ethereum$278

SpringX$278

Plasma$278

Meteora DAMM V1$265

Solana$265

Meteora vaults$265

Solana$265

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

Ultrasolid V3$123

Hyperliquid L1$123

Aerodrome Slipstream$120

Base$120

Ionex$95

Plasma$95

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$66

Hyperliquid L1$66

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

Nile CL$40

Linea$40

Ramses CL V2$40

Hyperliquid L1$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

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 Yield5.04%

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 Yield5.04%

Historical APY from Ethena Labs, S.A.

DeFi Yield Opportunities (77)

Pool	Reference	Protocol
1 aEthUSDeAave Ethereum USDe	USDe	Aave V3	$630.22m	4.75%0.79%+3.95%	Stable 75	1,702
2 aPlaUSDeAave Plasma USDe	USDe	Aave V3	$432.53m	4.75%0.80%+3.94%	Stable 78
3 USDeEthena Market	USDe	Kamino Lend	$267.71m	0.00%	Stable 100
4 reUSDRe Protocol Deposit Token	reUSD	Re	$243.76m	6.63%	Stable 98	771
5 aMonUSDeAave Monad USDe	USDe	Aave V3	$99.42m	5.75%0.30%+5.45%	Stable 88	50
6 FRAXUSDeFRAXUSDe	FRAX-USDe	Curve DEX	$34.04m	2.85%0.02%+2.83%	Stable 92	77
7 FRAXUSDeFRAXUSDe	FRAX-USDe	Convex Finance	$33.92m	4.30%0.02%+4.28%	Stable 93	77
8 srUSDeStrata Senior USDe	USDe	Strata Markets🪂	$22.54m	3.93%	Stable 95	2,473
9 reUSDeRe Protocol reUSDe	reUSDe	Re	$20.23m	12.29%	Stable 100	526
10 aManUSDeAave Mantle USDe	USDe	Aave V3	$14.53m	4.75%0.03%+4.72%	Stable 84