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ProtocolsEthena USDe

Information

TVL

Stablecoin Info

Yields

Fees and Revenue

Ethena USDe (ENA)

Total Value Locked

$6.427b

Chain Breakdown
Ethereum	$6.427b

	$20.46m
	$272.38m
	$5.33m

Protocol Information

Ethena is a synthetic dollar protocol built on Ethereum

Category:Basis Trading

Audits

:

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Development Activity

(updated at 12/06/25)

Weekly commits: 22
Monthly commits: 22
Weekly developers: 5
Monthly developers: 5

Last commit: 8 months ago (2025-06-12)

Token Information

Address:0x57e114...1e6061

View on Etherscan View on Blockscout

Methodology

Fees: Staking rewards + yield distribution + mint fees + extra fees

Revenue: Mint Fees and staking rewards portion to Reserve Fund

TVL code Fees and Revenue code

Competitors

Falcon Finance ($1.645b)Resolv ($461.34m)BounceBit CeDeFi Yield ($337.32m)Superstate USCC ($262.47m)BitFi Basis ($247.57m)Solstice USX ($301.09m)Aster USDF ($163.33m)Solv Basis Trading ($149.36m)Avant avUSD ($109.88m)Unitas ($94.95m)