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Ethena USDe(USDE)

Onchain AUM$4.559b

Onchain AUM by chain

Ethereum$2.446b

Plasma$584.3m

Base$379.86m

Robinhood Chain$368.69m

Solana$317.42m

TON$141.25m

Monad$121.33m

BSC$78.32m

Mantle$78.23m

Avalanche$15.66m

Berachain$12.84m

Hyperliquid L1$7.2m

X Layer$5.79m

Arbitrum$1.9m

Morph$78,350

Zircuit$66,661

MegaETH$61,804

OP Mainnet$24,893

Blast$17,139

Fraxtal$12,918

Ink$7,145

Linea$6,481

ZKsync Era$2,567

Scroll$1,952

Manta$1,748

Mode$974

Movement$903

Metis$372

Kava$140

Tempo$22

Key Metrics

Active AUM$4.559b

Ethereum$2.446b

Plasma$584.3m

Base$379.86m

Robinhood Chain$368.69m

Solana$317.42m

TON$141.25m

Monad$121.33m

BSC$78.32m

Mantle$78.23m

Avalanche$15.66m

Berachain$12.84m

Hyperliquid L1$7.2m

X Layer$5.79m

Arbitrum$1.9m

Morph$78,350

Zircuit$66,661

MegaETH$61,804

OP Mainnet$24,893

Blast$17,139

Fraxtal$12,918

Ink$7,145

Linea$6,481

ZKsync Era$2,567

Scroll$1,952

Manta$1,748

Mode$974

Movement$903

Metis$372

Kava$140

Tempo$22

DeFi Active TVL$3.924b

LayerZero V2$2.114b

Ethereum$2.114b

Aave V3$990.72m

Plasma$583.73m

Ethereum$251.65m

Monad$121.2m

Mantle$32.76m

X Layer$1.35m

MegaETH$24,167

Avalanche$2,680

Morpho Blue$430.33m

Base$378.6m

Ethereum$51.69m

Hyperliquid L1$41,073

Arbitrum$41

Jupiter Lend$259.63m

Solana$259.63m

Kamino Lend$51.53m

Solana$51.53m

Aave V4$27.36m

Ethereum$27.36m

Huma$15.31m

Solana$15.31m

Curve DEX$9.05m

Ethereum$8.75m

Plasma$251,757

Hyperliquid L1$36,096

Fraxtal$4,269

Arbitrum$539

Uniswap V4$4.95m

X Layer$4.54m

Ethereum$392,721

BSC$4,478

Base$4,065

Avalanche$3,786

OP Mainnet$1,907

Monad$1,328

Arbitrum$313

MegaETH$299

Ink$80

Kodiak V3$4.6m

Berachain$4.6m

Uniswap V3$2.99m

Ethereum$2.37m

Base$316,394

Avalanche$297,269

BSC$2,592

Arbitrum$1,394

Pendle V2$2.6m

Ethereum$2.16m

Arbitrum$206,419

BSC$98,362

Monad$58,477

Mantle$51,061

Plasma$27,343

Orca DEX$2.24m

Solana$2.24m

Agni Finance$2.1m

Mantle$2.1m

PumpSwap$1.25m

Solana$1.25m

Ethereal Season Zero$1.23m

Ethereum$1.23m

Compound V3$843,146

Mantle$842,590

Ethereum$556

Meteora DLMM$639,586

Solana$639,586

Aero Slipstream$521,684

Ethereum$521,639

Base$45

Merchant Moe Liquidity Book$406,044

Mantle$406,044

Zircuit Staking$258,798

Ethereum$201,115

Zircuit$57,683

Fluid Lending$242,392

Ethereum$211,775

Arbitrum$28,297

Plasma$2,303

Base$17

Injective Bridge$208,775

Ethereum$208,775

Derive V3 Options$172,358

Ethereum$172,358

OpenGDP Shared Security$134,905

Ethereum$134,905

Origin ARM$89,606

Ethereum$89,606

Re$81,790

Ethereum$81,790

Qualia$73,499

Hyperliquid L1$73,499

HyperLend Pooled$68,453

Hyperliquid L1$68,453

Yearn Finance$64,122

Arbitrum$64,122

GMX EVM$52,622

Arbitrum$52,622

Wildcat Protocol$47,818

Ethereum$47,818

INIT Capital$33,951

Mantle$32,952

Blast$999

SYMMIO$32,964

Mantle$32,964

Parallel Protocol V3$28,382

Hyperliquid L1$28,369

Ethereum$13

HypurrFi Pooled$26,926

Hyperliquid L1$26,926

Hyperdrive HL Lending$26,170

Hyperliquid L1$26,170

Camelot V3$20,856

Arbitrum$20,856

Venus Core Pool$18,138

BSC$18,061

Ethereum$77

RateX DEX$17,357

Solana$17,357

Balancer (Treasury)$12,508

Ethereum$12,508

Mantle Treasury (Treasury)$12,496

Ethereum$12,496

Swell L2 Farm$12,107

Ethereum$12,107

Manifest Trade$10,402

Solana$10,402

Hyperbeat Earn$9,512

Hyperliquid L1$9,512

PancakeSwap AMM V3$9,309

BSC$8,059

Arbitrum$1,236

Ethereum$14

Metric V1$6,392

Ethereum$6,392

HyperSwap V3$6,293

Hyperliquid L1$6,293

Radpie$6,091

Arbitrum$6,091

Chamber (Treasury)$5,733

Ethereum$5,733

Thruster V3$5,497

Blast$5,497

KTX Perps$5,202

Mantle$5,202

Lendle Pooled Markets$5,195

Mantle$5,195

Ekubo$5,103

Ethereum$5,103

Teller$4,998

Ethereum$4,998

Euler V2$4,980

Ethereum$4,856

Plasma$67

Arbitrum$57

HX Finance$4,594

Hyperliquid L1$4,594

Ramses CL V2$3,737

Hyperliquid L1$3,737

Project X$3,304

Hyperliquid L1$3,304

Beefy$2,963

Arbitrum$2,763

Hyperliquid L1$200

HyperWave$2,925

Ethereum$2,599

Hyperliquid L1$285

Base$41

Kittenswap CL$1,951

Hyperliquid L1$1,951

Mezo Bridge$1,872

Ethereum$1,872

Apex Omni$1,658

Ethereum$979

Mantle$679

Orbit Protocol$1,234

Blast$1,234

Kumbaya$973

MegaETH$973

Gliquid$946

Hyperliquid L1$946

Fuel Bridge$893

Ethereum$893

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Maverick V2$691

ZKsync Era$691

Balancer V2$687

Fraxtal$533

Arbitrum$154

Latch$617

Ethereum$617

Contango V2$603

Ethereum$396

Arbitrum$207

Splice Finance$531

Mode$531

Uniswap V2$523

BSC$523

Lendle Isolated Markets$491

Mantle$491

Curve LlamaLend$414

Ethereum$414

Rumpel Labs$335

Ethereum$335

Omega$298

Mantle$298

Fraxlend$278

Ethereum$278

SushiSwap V3$276

Arbitrum$247

BSC$29

Meteora DAMM V1$261

Solana$261

Meteora vaults$261

Solana$261

Aurelius$250

Mantle$250

Velodrome V2$226

Fraxtal$215

Mode$11

Lista DEX$211

Ethereum$211

Stargate Finance (Treasury)$205

Ethereum$205

Fraxtal$178

Ethereum$178

PancakeSwap Infinity$175

BSC$175

Cypher V4$170

Ethereum$170

PulseChain Bridge$147

Ethereum$147

Folks Finance xChain$146

Avalanche$146

Native Credit Pool$145

Ethereum$145

Ambient$137

Scroll$137

Ultrasolid V3$122

Hyperliquid L1$122

SpringX$116

Plasma$116

BEX$89

Berachain$89

Ring Few$84

Blast$84

Cega V2$75

Ethereum$75

Timeswap V2$73

Hyperliquid L1$73

Radiant V2$70

Ethereum$70

Laminar$62

Hyperliquid L1$62

Royco V1$61

Ethereum$61

zkLink Nova$54

Ethereum$54

SuperHedge$54

Ethereum$54

Hybra V3$54

Hyperliquid L1$54

Supernova CL$50

Ethereum$50

Poolshark$50

Mode$50

Velkonix$49

MegaETH$49

Ocelex V2$49

Zircuit$49

Lista Lending$42

BSC$42

Nile CL$40

Linea$40

LayerBank$30

Scroll$30

deBridge$29

Ethereum$15

Arbitrum$14

Ionex$27

Plasma$27

Velodrome V3$26

Ink$26

edgeX (Treasury)$23

Ethereum$23

Tokenlon AMM$22

Ethereum$22

NEAR Intents$18

Ethereum$18

ShapeShift (Treasury)$14

Ethereum$14

Kittenswap Algebra$14

Hyperliquid L1$14

Aerodrome V1$12

Base$12

Railgun$10

Ethereum$10

Net Flows 7d

Net Flows 30d

USDE Price$1

Chains27

Native Yield4.95%

Ethena USDe(USDE)

Onchain AUM$4.559b

Onchain AUM by chain

Ethereum$2.446b

Plasma$584.3m

Base$379.86m

Robinhood Chain$368.69m

Solana$317.42m

TON$141.25m

Monad$121.33m

BSC$78.32m

Mantle$78.23m

Avalanche$15.66m

Berachain$12.84m

Hyperliquid L1$7.2m

X Layer$5.79m

Arbitrum$1.9m

Morph$78,350

Zircuit$66,661

MegaETH$61,804

OP Mainnet$24,893

Blast$17,139

Fraxtal$12,918

Ink$7,145

Linea$6,481

ZKsync Era$2,567

Scroll$1,952

Manta$1,748

Mode$974

Movement$903

Metis$372

Kava$140

Tempo$22

Market dataNet FlowsFlow vs price

Key Metrics

Active AUM$4.559b

Ethereum$2.446b

Plasma$584.3m

Base$379.86m

Robinhood Chain$368.69m

Solana$317.42m

TON$141.25m

Monad$121.33m

BSC$78.32m

Mantle$78.23m

Avalanche$15.66m

Berachain$12.84m

Hyperliquid L1$7.2m

X Layer$5.79m

Arbitrum$1.9m

Morph$78,350

Zircuit$66,661

MegaETH$61,804

OP Mainnet$24,893

Blast$17,139

Fraxtal$12,918

Ink$7,145

Linea$6,481

ZKsync Era$2,567

Scroll$1,952

Manta$1,748

Mode$974

Movement$903

Metis$372

Kava$140

Tempo$22

DeFi Active TVL$3.924b

LayerZero V2$2.114b

Ethereum$2.114b

Aave V3$990.72m

Plasma$583.73m

Ethereum$251.65m

Monad$121.2m

Mantle$32.76m

X Layer$1.35m

MegaETH$24,167

Avalanche$2,680

Morpho Blue$430.33m

Base$378.6m

Ethereum$51.69m

Hyperliquid L1$41,073

Arbitrum$41

Jupiter Lend$259.63m

Solana$259.63m

Kamino Lend$51.53m

Solana$51.53m

Aave V4$27.36m

Ethereum$27.36m

Huma$15.31m

Solana$15.31m

Curve DEX$9.05m

Ethereum$8.75m

Plasma$251,757

Hyperliquid L1$36,096

Fraxtal$4,269

Arbitrum$539

Uniswap V4$4.95m

X Layer$4.54m

Ethereum$392,721

BSC$4,478

Base$4,065

Avalanche$3,786

OP Mainnet$1,907

Monad$1,328

Arbitrum$313

MegaETH$299

Ink$80

Kodiak V3$4.6m

Berachain$4.6m

Uniswap V3$2.99m

Ethereum$2.37m

Base$316,394

Avalanche$297,269

BSC$2,592

Arbitrum$1,394

Pendle V2$2.6m

Ethereum$2.16m

Arbitrum$206,419

BSC$98,362

Monad$58,477

Mantle$51,061

Plasma$27,343

Orca DEX$2.24m

Solana$2.24m

Agni Finance$2.1m

Mantle$2.1m

PumpSwap$1.25m

Solana$1.25m

Ethereal Season Zero$1.23m

Ethereum$1.23m

Compound V3$843,146

Mantle$842,590

Ethereum$556

Meteora DLMM$639,586

Solana$639,586

Aero Slipstream$521,684

Ethereum$521,639

Base$45

Merchant Moe Liquidity Book$406,044

Mantle$406,044

Zircuit Staking$258,798

Ethereum$201,115

Zircuit$57,683

Fluid Lending$242,392

Ethereum$211,775

Arbitrum$28,297

Plasma$2,303

Base$17

Injective Bridge$208,775

Ethereum$208,775

Derive V3 Options$172,358

Ethereum$172,358

OpenGDP Shared Security$134,905

Ethereum$134,905

Origin ARM$89,606

Ethereum$89,606

Re$81,790

Ethereum$81,790

Qualia$73,499

Hyperliquid L1$73,499

HyperLend Pooled$68,453

Hyperliquid L1$68,453

Yearn Finance$64,122

Arbitrum$64,122

GMX EVM$52,622

Arbitrum$52,622

Wildcat Protocol$47,818

Ethereum$47,818

INIT Capital$33,951

Mantle$32,952

Blast$999

SYMMIO$32,964

Mantle$32,964

Parallel Protocol V3$28,382

Hyperliquid L1$28,369

Ethereum$13

HypurrFi Pooled$26,926

Hyperliquid L1$26,926

Hyperdrive HL Lending$26,170

Hyperliquid L1$26,170

Camelot V3$20,856

Arbitrum$20,856

Venus Core Pool$18,138

BSC$18,061

Ethereum$77

RateX DEX$17,357

Solana$17,357

Balancer (Treasury)$12,508

Ethereum$12,508

Mantle Treasury (Treasury)$12,496

Ethereum$12,496

Swell L2 Farm$12,107

Ethereum$12,107

Manifest Trade$10,402

Solana$10,402

Hyperbeat Earn$9,512

Hyperliquid L1$9,512

PancakeSwap AMM V3$9,309

BSC$8,059

Arbitrum$1,236

Ethereum$14

Metric V1$6,392

Ethereum$6,392

HyperSwap V3$6,293

Hyperliquid L1$6,293

Radpie$6,091

Arbitrum$6,091

Chamber (Treasury)$5,733

Ethereum$5,733

Thruster V3$5,497

Blast$5,497

KTX Perps$5,202

Mantle$5,202

Lendle Pooled Markets$5,195

Mantle$5,195

Ekubo$5,103

Ethereum$5,103

Teller$4,998

Ethereum$4,998

Euler V2$4,980

Ethereum$4,856

Plasma$67

Arbitrum$57

HX Finance$4,594

Hyperliquid L1$4,594

Ramses CL V2$3,737

Hyperliquid L1$3,737

Project X$3,304

Hyperliquid L1$3,304

Beefy$2,963

Arbitrum$2,763

Hyperliquid L1$200

HyperWave$2,925

Ethereum$2,599

Hyperliquid L1$285

Base$41

Kittenswap CL$1,951

Hyperliquid L1$1,951

Mezo Bridge$1,872

Ethereum$1,872

Apex Omni$1,658

Ethereum$979

Mantle$679

Orbit Protocol$1,234

Blast$1,234

Kumbaya$973

MegaETH$973

Gliquid$946

Hyperliquid L1$946

Fuel Bridge$893

Ethereum$893

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Maverick V2$691

ZKsync Era$691

Balancer V2$687

Fraxtal$533

Arbitrum$154

Latch$617

Ethereum$617

Contango V2$603

Ethereum$396

Arbitrum$207

Splice Finance$531

Mode$531

Uniswap V2$523

BSC$523

Lendle Isolated Markets$491

Mantle$491

Curve LlamaLend$414

Ethereum$414

Rumpel Labs$335

Ethereum$335

Omega$298

Mantle$298

Fraxlend$278

Ethereum$278

SushiSwap V3$276

Arbitrum$247

BSC$29

Meteora DAMM V1$261

Solana$261

Meteora vaults$261

Solana$261

Aurelius$250

Mantle$250

Velodrome V2$226

Fraxtal$215

Mode$11

Lista DEX$211

Ethereum$211

Stargate Finance (Treasury)$205

Ethereum$205

Fraxtal$178

Ethereum$178

PancakeSwap Infinity$175

BSC$175

Cypher V4$170

Ethereum$170

PulseChain Bridge$147

Ethereum$147

Folks Finance xChain$146

Avalanche$146

Native Credit Pool$145

Ethereum$145

Ambient$137

Scroll$137

Ultrasolid V3$122

Hyperliquid L1$122

SpringX$116

Plasma$116

BEX$89

Berachain$89

Ring Few$84

Blast$84

Cega V2$75

Ethereum$75

Timeswap V2$73

Hyperliquid L1$73

Radiant V2$70

Ethereum$70

Laminar$62

Hyperliquid L1$62

Royco V1$61

Ethereum$61

zkLink Nova$54

Ethereum$54

SuperHedge$54

Ethereum$54

Hybra V3$54

Hyperliquid L1$54

Supernova CL$50

Ethereum$50

Poolshark$50

Mode$50

Velkonix$49

MegaETH$49

Ocelex V2$49

Zircuit$49

Lista Lending$42

BSC$42

Nile CL$40

Linea$40

LayerBank$30

Scroll$30

deBridge$29

Ethereum$15

Arbitrum$14

Ionex$27

Plasma$27

Velodrome V3$26

Ink$26

edgeX (Treasury)$23

Ethereum$23

Tokenlon AMM$22

Ethereum$22

NEAR Intents$18

Ethereum$18

ShapeShift (Treasury)$14

Ethereum$14

Kittenswap Algebra$14

Hyperliquid L1$14

Aerodrome V1$12

Base$12

Railgun$10

Ethereum$10

Net Flows 7d

Net Flows 30d

USDE Price$1

Chains27

Native Yield4.95%

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 X/Twitter Ethena USDe Binance CEX OKX Bybit MEXC KuCoin Bitget Gate Bitfinex Bitmex Crypto-com Deribit Gemini HTX BingX Phemex Ourbit BitMart 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 Yield

4.95%

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Historical APY from Ethena Labs, S.A.

DeFi Yield Opportunities (69)

Pool	Reference	Protocol
1 aPlaUSDeAave Plasma USDe	USDe	Aave V3	$613.74m	+$35.89m	0.27%	Stable 91
2 reUSDRe Protocol Deposit Token	reUSD	Re	$342.2m	+$16.83m	6.88%	Stable 98	875
3 aEthUSDeAave Ethereum USDe	USDe	Aave V3	$263.78m	+$8.21m	0.23%	Stable 81	1,723
4 aMonUSDeAave Monad USDe	USDe	Aave V3	$121.36m	-$4.76m	1.01%0.02%+1.00%	Stable 98	70
5 USDeEthena Market	USDe	Kamino Lend	$51.32m	-$65.09m	0.00%	Stable 100
6 FRAXUSDeFRAXUSDe	FRAX-USDe	Curve DEX	$34.04m		2.94%0.01%+2.93%	Stable 94	77
7 FRAXUSDeFRAXUSDe	FRAX-USDe	Convex Finance	$33.93m		4.22%0.01%+4.21%	Stable 94	77
8 aManUSDeAave Mantle USDe	USDe	Aave V3	$32.76m	+$3.09m	<0.01%	Mixed 49
9 reUSDeRe Protocol reUSDe	reUSDe	Re	$30.09m	+$113,723	11.81%	Stable 100	549
10 USDePlus	USDe	Aave V4	$27.37m		4.80%<0.01%+4.80%	Stable 73	0