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

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Ethena USDeUSDE

Crypto-backedPegged USD

MCap

$3.95B

30d

-11.98%

Chains

21

Sky DollarUSDS

Crypto-backedPegged USD

MCap

$7.58B

30d

-10.64%

Chains

4

Comparison Matrix

Live supply metrics normalized side by side.

Metric	USDE	USDS	Δ
Market Cap	$3.95B	$7.58B	-47.9%
24h Supply	+0.19%	-0.41%	+0.60pp
30d Supply	-11.98%	-10.64%	-1.34pp
Chain Count	21	4	+17

Supply Over Time

USDE vs USDS, USD circulating.

USDE top chains

Chain	Supply	Share
Ethereum	$2.40B	x 60.8%
Solana	$538.05M	x 13.6%
Base	$242.41M	x 6.1%
BSC	$213.40M	x 5.4%
Plasma	$162.50M	x 4.1%
TON	$120.37M	x 3.0%

USDS top chains

Chain	Supply	Share
Ethereum	$7.47B	x 98.5%
Arbitrum	$99.77M	x 1.3%
Solana	$13.97M	x 0.2%
Base	$1.95M	x 0.0%