Usde
Arbitrage
Sentiment
Projects
Live Ethena USDe market cap, peg deviation, mechanism, and per-chain supply distribution on Sharpe Terminal.
| # | Chain | Supply | Share | Trend | Distribution | ||
|---|---|---|---|---|---|---|---|
| 1 | Ethereum | $2.54B | 63.47% | −$131.11M | 6.29% | x | |
| 2 | Solana | $540.14M | 13.51% | −$15.30M | 11.2% | x | |
| 3 | Base | $246.47M | 6.17% | +$96.09M | 5.49% | x | |
| 4 | Plasma | $170.69M | 4.27% | +$44.44M | 24.6% | x | |
| 5 | BSC | $168.47M | 4.21% | −$80.99M | 3.46% | x | |
| 6 | TON | $120.32M | 3.01% | −$31.45M | 100.0% | x | |
| 7 | Robinhood Chain | $110.54M | 2.77% | +$92.77M | 52.2% | x | |
| 8 | Mantle | $65.86M | 1.65% | −$43.24M | 74.7% | x | |
| 9 | Hyperliquid L1 | $17.67M | 0.44% | −$19.13M | 1.39% | x | |
| 10 | Berachain | $16.55M | 0.41% | −$6.58M | 33.7% | x | |
| 11 | Arbitrum | $1.75M | 0.04% | +$8.50K | 0.14% | x | |
| 12 | Blast | $931.64K | 0.02% | +$29.20K | 3.16% | x | |
| 13 | Monad | $766.54K | 0.02% | +$724.58K | 0.12% | x | |
| 14 | Avalanche | $639.34K | 0.02% | +$416.30K | 0.15% | x | |
| 15 | MegaETH | $104.60K | 0.00% | −$401.23M | 0.25% | x | |
| 16 | Morph | $78.52K | 0.00% | flat | 0.83% | x | |
| 17 | Zircuit | $74.65K | 0.00% | −$62.03K | 60.6% | x | |
| 18 | Ink | $70.20K | 0.00% | +$549.00 | 0.06% | x | |
| 19 | Fraxtal | $34.46K | 0.00% | +$6.07K | 0.18% | x | |
| 20 | Movement | $21.66K | 0.00% | flat | 0.02% | x | |
| 21 | OP Mainnet | $13.61K | 0.00% | −$9.00 | 0.00% | x |
| Chain | Chain Δ | Net Bridge Flow | Direction |
|---|---|---|---|
| Ethereum | -$49.20M | — | Burn-dom. |
| Solana | +$3.64M | — | Mint-dom. |
| Base | +$1.87M | — | Mint-dom. |
| Plasma | +$20.51M | — | Mint-dom. |
| BSC | -$4.91M | — | Burn-dom. |
Ethena enables users to deposit either USD, Ethereum or liquid staking tokens as collateral to create USDe. Stability is ensured through delta-neutral hedging process across centralized and decentralized exchanges.