USDE vs USDS: Market Cap, Peg & Supply | Sharpe Terminal

Skip to content

Ethena USDeUSDE

Crypto-backedPegged USD

MCap

$3.98B

30d

-11.30%

Chains

21

Sky DollarUSDS

Crypto-backedPegged USD

MCap

$6.64B

30d

-18.34%

Chains

4

Comparison Matrix

Live supply metrics normalized side by side.

Metric	USDE	USDS	Δ
Market Cap	$3.98B	$6.64B	-40.1%
24h Supply	+0.03%	-0.23%	+0.26pp
30d Supply	-11.30%	-18.34%	+7.04pp
Chain Count	21	4	+17

Supply Over Time

USDE vs USDS, USD circulating.

USDE top chains

Chain	Supply	Share
Ethereum	$2.45B	x 61.6%
Solana	$537.47M	x 13.5%
Base	$256.09M	x 6.4%
Robinhood Chain	$176.96M	x 4.4%
BSC	$168.52M	x 4.2%
Plasma	$156.47M	x 3.9%

USDS top chains

Chain	Supply	Share
Ethereum	$6.53B	x 98.3%
Arbitrum	$99.77M	x 1.5%
Solana	$10.44M	x 0.2%
Base	$2.02M	x 0.0%