⌘KTry LlamaAI

Ethena USDe(USDE)

Onchain AUM$4.803b

Onchain AUM by chain

Ethereum$2.54b

Plasma$544.9m

Solana$497.64m

Base$395.22m

Robinhood Chain$364.56m

TON$168.64m

Monad$98.68m

Mantle$82.45m

BSC$78.36m

Berachain$13.21m

Avalanche$8.45m

Hyperliquid L1$7.49m

Arbitrum$1.93m

Blast$712,030

MegaETH$336,098

Morph$78,380

Zircuit$66,686

Ink$64,901

Fraxtal$28,860

OP Mainnet$25,103

Movement$21,061

Linea$6,483

ZKsync Era$2,568

Scroll$1,953

Manta$1,748

Mode$974

Metis$372

Kava$140

X Layer$63

Tempo$22

Key Metrics

Active AUM$4.803b

Ethereum$2.54b

Plasma$544.9m

Solana$497.64m

Base$395.22m

Robinhood Chain$364.56m

TON$168.64m

Monad$98.68m

Mantle$82.45m

BSC$78.36m

Berachain$13.21m

Avalanche$8.45m

Hyperliquid L1$7.49m

Arbitrum$1.93m

Blast$712,030

MegaETH$336,098

Morph$78,380

Zircuit$66,686

Ink$64,901

Fraxtal$28,860

OP Mainnet$25,103

Movement$21,061

Linea$6,483

ZKsync Era$2,568

Scroll$1,953

Manta$1,748

Mode$974

Metis$372

Kava$140

X Layer$63

Tempo$22

DeFi Active TVL$4.318b

LayerZero V2$2.273b

Ethereum$2.273b

Aave V3$1.024b

Plasma$544.18m

Ethereum$336.32m

Monad$107.58m

Mantle$35.94m

MegaETH$33,500

Avalanche$2,993

Morpho Blue$446.31m

Base$393.98m

Ethereum$52.28m

Hyperliquid L1$50,072

Arbitrum$41

Jupiter Lend$319.68m

Solana$319.68m

Kamino Lend$171.4m

Solana$171.4m

Aave V4$26.16m

Ethereum$26.16m

Huma$25.12m

Solana$25.12m

Curve DEX$9.2m

Ethereum$8.88m

Plasma$281,715

Hyperliquid L1$36,152

Fraxtal$8,336

Arbitrum$533

Uniswap V3$3.65m

Ethereum$3.09m

Avalanche$302,175

Base$255,027

Arbitrum$3,397

BSC$2,614

Kodiak V3$3.46m

Berachain$3.46m

Pendle V2$2.63m

Ethereum$2.19m

Arbitrum$206,498

BSC$98,384

Monad$58,584

Mantle$51,072

Plasma$27,358

Orca DEX$2.35m

Solana$2.35m

Agni Finance$2.21m

Mantle$2.21m

Ethereal Season Zero$1.57m

Ethereum$1.57m

PumpSwap$1.25m

Solana$1.25m

Compound V3$1.03m

Mantle$1.03m

Ethereum$557

Thruster V3$698,901

Blast$698,901

Fluid Lending$655,465

Ethereum$606,607

Arbitrum$34,260

Plasma$14,578

Base$20

Meteora DLMM$641,818

Solana$641,818

Uniswap V4$485,192

Ethereum$468,908

BSC$4,454

Base$3,977

Avalanche$3,787

OP Mainnet$1,907

Monad$1,419

Arbitrum$320

MegaETH$299

Ink$73

X Layer$48

Merchant Moe Liquidity Book$439,928

Mantle$439,928

Zircuit Staking$258,855

Ethereum$201,159

Zircuit$57,696

Injective Bridge$208,822

Ethereum$208,822

Derive V3 Options$187,797

Ethereum$187,797

Re$178,851

Ethereum$178,851

Wildcat Protocol$119,431

Ethereum$119,431

Origin ARM$102,268

Ethereum$102,268

Yearn Finance$64,256

Arbitrum$64,256

GMX V2 Perps$51,645

Arbitrum$51,645

HyperLend Pooled$51,015

Hyperliquid L1$51,015

SYMMIO$37,794

Mantle$37,794

INIT Capital$34,229

Mantle$33,202

Blast$1,027

HypurrFi Pooled$27,023

Hyperliquid L1$27,023

Hyperdrive HL Lending$26,625

Hyperliquid L1$26,625

Camelot V3$18,941

Arbitrum$18,941

RateX DEX$17,372

Solana$17,372

Velodrome V2$14,966

Fraxtal$14,955

Mode$11

Fuel Bridge$14,677

Ethereum$14,677

Venus Core Pool$13,713

BSC$13,585

Ethereum$128

Swell L2 Farm$13,113

Ethereum$13,113

Tydro$13,104

Ink$13,104

Ekubo$13,019

Ethereum$13,019

Manifest Trade$12,685

Solana$12,685

Mantle Treasury (Treasury)$12,498

Ethereum$12,498

Hyperbeat Earn$10,029

Hyperliquid L1$10,029

Euler V2$8,564

Ethereum$8,440

Plasma$67

Arbitrum$57

HyperSwap V3$7,868

Hyperliquid L1$7,868

Parallel Protocol V3$7,351

Hyperliquid L1$7,338

Ethereum$13

Radpie$6,093

Arbitrum$6,093

Chamber (Treasury)$5,721

Ethereum$5,721

KTX Perps$5,203

Mantle$5,203

Lendle Pooled Markets$5,099

Mantle$5,099

Teller$4,999

Ethereum$4,999

HX Finance$4,693

Hyperliquid L1$4,693

Project X$3,832

Hyperliquid L1$3,832

Lista DEX$3,510

Ethereum$3,510

Beefy$3,129

Arbitrum$2,755

Hyperliquid L1$374

HyperWave$2,833

Ethereum$2,606

Hyperliquid L1$186

Base$41

Kittenswap CL$1,962

Hyperliquid L1$1,962

Mezo Bridge$1,873

Ethereum$1,873

Apex Omni$1,658

Ethereum$979

Mantle$679

PancakeSwap AMM V3$1,277

Arbitrum$1,263

Ethereum$14

Orbit Protocol$1,234

Blast$1,234

Kumbaya$1,010

MegaETH$1,010

Gliquid$959

Hyperliquid L1$959

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Maverick V2$691

ZKsync Era$691

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Latch$617

Ethereum$617

Contango V2$603

Ethereum$396

Arbitrum$207

Splice Finance$531

Mode$531

Lendle Isolated Markets$491

Mantle$491

Curve LlamaLend$414

Ethereum$414

SushiSwap V3$398

Arbitrum$369

BSC$29

Rumpel Labs$328

Ethereum$328

Omega$299

Mantle$299

Fraxlend$278

Ethereum$278

Meteora DAMM V1$277

Solana$277

Meteora vaults$277

Solana$277

Aurelius$250

Mantle$250

Stargate Finance (Treasury)$205

Ethereum$205

PulseChain Bridge$182

Ethereum$182

Fraxtal$178

Ethereum$178

PancakeSwap Infinity$175

BSC$175

Cypher V4$173

Ethereum$173

Folks Finance xChain$146

Avalanche$146

Native Credit Pool$145

Ethereum$145

Ambient$135

Scroll$135

Ultrasolid V3$127

Hyperliquid L1$127

Aerodrome Slipstream$113

Base$113

SpringX$112

Plasma$112

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

Hybra V3$55

Hyperliquid L1$55

SuperHedge$54

Ethereum$54

Supernova CL$52

Ethereum$52

Poolshark$50

Mode$50

Velkonix$49

MegaETH$49

Lista Lending$42

BSC$42

Ocelex V2$41

Zircuit$41

Nile CL$40

Linea$40

Uniswap V2$38

Arbitrum$38

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

Kittenswap Algebra$15

Hyperliquid L1$15

ShapeShift (Treasury)$14

Ethereum$14

Aerodrome V1$11

Base$11

Railgun$10

Ethereum$10

USDE Price$1

Chains27

Native Yield4.84%

Ethena USDe(USDE)

Onchain AUM$4.803b

Onchain AUM by chain

Ethereum$2.54b

Plasma$544.9m

Solana$497.64m

Base$395.22m

Robinhood Chain$364.56m

TON$168.64m

Monad$98.68m

Mantle$82.45m

BSC$78.36m

Berachain$13.21m

Avalanche$8.45m

Hyperliquid L1$7.49m

Arbitrum$1.93m

Blast$712,030

MegaETH$336,098

Morph$78,380

Zircuit$66,686

Ink$64,901

Fraxtal$28,860

OP Mainnet$25,103

Movement$21,061

Linea$6,483

ZKsync Era$2,568

Scroll$1,953

Manta$1,748

Mode$974

Metis$372

Kava$140

X Layer$63

Tempo$22

Market dataNet FlowsFlow vs price

Key Metrics

Active AUM$4.803b

Ethereum$2.54b

Plasma$544.9m

Solana$497.64m

Base$395.22m

Robinhood Chain$364.56m

TON$168.64m

Monad$98.68m

Mantle$82.45m

BSC$78.36m

Berachain$13.21m

Avalanche$8.45m

Hyperliquid L1$7.49m

Arbitrum$1.93m

Blast$712,030

MegaETH$336,098

Morph$78,380

Zircuit$66,686

Ink$64,901

Fraxtal$28,860

OP Mainnet$25,103

Movement$21,061

Linea$6,483

ZKsync Era$2,568

Scroll$1,953

Manta$1,748

Mode$974

Metis$372

Kava$140

X Layer$63

Tempo$22

DeFi Active TVL$4.318b

LayerZero V2$2.273b

Ethereum$2.273b

Aave V3$1.024b

Plasma$544.18m

Ethereum$336.32m

Monad$107.58m

Mantle$35.94m

MegaETH$33,500

Avalanche$2,993

Morpho Blue$446.31m

Base$393.98m

Ethereum$52.28m

Hyperliquid L1$50,072

Arbitrum$41

Jupiter Lend$319.68m

Solana$319.68m

Kamino Lend$171.4m

Solana$171.4m

Aave V4$26.16m

Ethereum$26.16m

Huma$25.12m

Solana$25.12m

Curve DEX$9.2m

Ethereum$8.88m

Plasma$281,715

Hyperliquid L1$36,152

Fraxtal$8,336

Arbitrum$533

Uniswap V3$3.65m

Ethereum$3.09m

Avalanche$302,175

Base$255,027

Arbitrum$3,397

BSC$2,614

Kodiak V3$3.46m

Berachain$3.46m

Pendle V2$2.63m

Ethereum$2.19m

Arbitrum$206,498

BSC$98,384

Monad$58,584

Mantle$51,072

Plasma$27,358

Orca DEX$2.35m

Solana$2.35m

Agni Finance$2.21m

Mantle$2.21m

Ethereal Season Zero$1.57m

Ethereum$1.57m

PumpSwap$1.25m

Solana$1.25m

Compound V3$1.03m

Mantle$1.03m

Ethereum$557

Thruster V3$698,901

Blast$698,901

Fluid Lending$655,465

Ethereum$606,607

Arbitrum$34,260

Plasma$14,578

Base$20

Meteora DLMM$641,818

Solana$641,818

Uniswap V4$485,192

Ethereum$468,908

BSC$4,454

Base$3,977

Avalanche$3,787

OP Mainnet$1,907

Monad$1,419

Arbitrum$320

MegaETH$299

Ink$73

X Layer$48

Merchant Moe Liquidity Book$439,928

Mantle$439,928

Zircuit Staking$258,855

Ethereum$201,159

Zircuit$57,696

Injective Bridge$208,822

Ethereum$208,822

Derive V3 Options$187,797

Ethereum$187,797

Re$178,851

Ethereum$178,851

Wildcat Protocol$119,431

Ethereum$119,431

Origin ARM$102,268

Ethereum$102,268

Yearn Finance$64,256

Arbitrum$64,256

GMX V2 Perps$51,645

Arbitrum$51,645

HyperLend Pooled$51,015

Hyperliquid L1$51,015

SYMMIO$37,794

Mantle$37,794

INIT Capital$34,229

Mantle$33,202

Blast$1,027

HypurrFi Pooled$27,023

Hyperliquid L1$27,023

Hyperdrive HL Lending$26,625

Hyperliquid L1$26,625

Camelot V3$18,941

Arbitrum$18,941

RateX DEX$17,372

Solana$17,372

Velodrome V2$14,966

Fraxtal$14,955

Mode$11

Fuel Bridge$14,677

Ethereum$14,677

Venus Core Pool$13,713

BSC$13,585

Ethereum$128

Swell L2 Farm$13,113

Ethereum$13,113

Tydro$13,104

Ink$13,104

Ekubo$13,019

Ethereum$13,019

Manifest Trade$12,685

Solana$12,685

Mantle Treasury (Treasury)$12,498

Ethereum$12,498

Hyperbeat Earn$10,029

Hyperliquid L1$10,029

Euler V2$8,564

Ethereum$8,440

Plasma$67

Arbitrum$57

HyperSwap V3$7,868

Hyperliquid L1$7,868

Parallel Protocol V3$7,351

Hyperliquid L1$7,338

Ethereum$13

Radpie$6,093

Arbitrum$6,093

Chamber (Treasury)$5,721

Ethereum$5,721

KTX Perps$5,203

Mantle$5,203

Lendle Pooled Markets$5,099

Mantle$5,099

Teller$4,999

Ethereum$4,999

HX Finance$4,693

Hyperliquid L1$4,693

Project X$3,832

Hyperliquid L1$3,832

Lista DEX$3,510

Ethereum$3,510

Beefy$3,129

Arbitrum$2,755

Hyperliquid L1$374

HyperWave$2,833

Ethereum$2,606

Hyperliquid L1$186

Base$41

Kittenswap CL$1,962

Hyperliquid L1$1,962

Mezo Bridge$1,873

Ethereum$1,873

Apex Omni$1,658

Ethereum$979

Mantle$679

PancakeSwap AMM V3$1,277

Arbitrum$1,263

Ethereum$14

Orbit Protocol$1,234

Blast$1,234

Kumbaya$1,010

MegaETH$1,010

Gliquid$959

Hyperliquid L1$959

Folks Finance (Treasury)$783

Avalanche$783

Corn Kernels$775

Ethereum$775

Maverick V2$691

ZKsync Era$691

Balancer V2$687

Fraxtal$533

Arbitrum$154

zkLink Nova$653

Ethereum$653

Latch$617

Ethereum$617

Contango V2$603

Ethereum$396

Arbitrum$207

Splice Finance$531

Mode$531

Lendle Isolated Markets$491

Mantle$491

Curve LlamaLend$414

Ethereum$414

SushiSwap V3$398

Arbitrum$369

BSC$29

Rumpel Labs$328

Ethereum$328

Omega$299

Mantle$299

Fraxlend$278

Ethereum$278

Meteora DAMM V1$277

Solana$277

Meteora vaults$277

Solana$277

Aurelius$250

Mantle$250

Stargate Finance (Treasury)$205

Ethereum$205

PulseChain Bridge$182

Ethereum$182

Fraxtal$178

Ethereum$178

PancakeSwap Infinity$175

BSC$175

Cypher V4$173

Ethereum$173

Folks Finance xChain$146

Avalanche$146

Native Credit Pool$145

Ethereum$145

Ambient$135

Scroll$135

Ultrasolid V3$127

Hyperliquid L1$127

Aerodrome Slipstream$113

Base$113

SpringX$112

Plasma$112

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

Hybra V3$55

Hyperliquid L1$55

SuperHedge$54

Ethereum$54

Supernova CL$52

Ethereum$52

Poolshark$50

Mode$50

Velkonix$49

MegaETH$49

Lista Lending$42

BSC$42

Ocelex V2$41

Zircuit$41

Nile CL$40

Linea$40

Uniswap V2$38

Arbitrum$38

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

Kittenswap Algebra$15

Hyperliquid L1$15

ShapeShift (Treasury)$14

Ethereum$14

Aerodrome V1$11

Base$11

Railgun$10

Ethereum$10

USDE Price$1

Chains27

Native Yield4.84%

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

4.84%

Historical APY from Ethena Labs, S.A.

DeFi Yield Opportunities (74)

Pool	Reference	Protocol
1 aPlaUSDeAave Plasma USDe	USDe	Aave V3	$575.56m	0.27%	Mixed 43
2 aEthUSDeAave Ethereum USDe	USDe	Aave V3	$352.19m	0.22%	Mixed 43	1,702
3 reUSDRe Protocol Deposit Token	reUSD	Re	$285.42m	7.01%	Stable 98	804
4 USDeEthena Market	USDe	Kamino Lend	$171.07m	0.00%	Stable 100
5 aMonUSDeAave Monad USDe	USDe	Aave V3	$107.81m	1.01%0.01%+1.00%	Mixed 53	60
6 aManUSDeAave Mantle USDe	USDe	Aave V3	$35.95m	<0.01%	Mixed 37
7 FRAXUSDeFRAXUSDe	FRAX-USDe	Curve DEX	$34.04m	2.85%0.00%+2.85%	Stable 91	77
8 FRAXUSDeFRAXUSDe	FRAX-USDe	Convex Finance	$33.93m	3.86%0.00%+3.86%	Stable 95	77
9 USDePlus	USDe	Aave V4	$26.18m	5.39%<0.01%+5.39%	Stable 95	0
10 reUSDeRe Protocol reUSDe	reUSDe	Re	$20.96m	11.81%	Stable 98	527