Usde
Arbitrage
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Live Ethena USDe market cap, peg deviation, mechanism, and per-chain supply distribution on Sharpe Terminal.
| # | Chain | Supply | Share | Trend | Distribution | ||
|---|---|---|---|---|---|---|---|
| 1 | Ethereum | $2.70B | 60.15% | +$12.65M | 7.11% | x | |
| 2 | Solana | $555.22M | 12.38% | +$404.95M | 11.7% | x | |
| 3 | MegaETH | $429.31M | 9.57% | +$9.44M | 100.0% | x | |
| 4 | BSC | $250.22M | 5.58% | −$8.77M | 4.78% | x | |
| 5 | TON | $171.77M | 3.83% | −$110.74K | 100.0% | x | |
| 6 | Plasma | $117.28M | 2.62% | +$12.73M | 15.7% | x | |
| 7 | Mantle | $109.19M | 2.43% | −$14.66M | 74.5% | x | |
| 8 | Base | $92.42M | 2.06% | +$72.11M | 2.28% | x | |
| 9 | Hyperliquid L1 | $37.17M | 0.83% | −$15.06M | 2.56% | x | |
| 10 | Berachain | $23.32M | 0.52% | −$5.63M | 44.3% | x | |
| 11 | Arbitrum | $1.76M | 0.04% | −$80.00K | 0.14% | x | |
| 12 | Blast | $903.16K | 0.02% | −$17.96K | 3.09% | x | |
| 13 | Tempo | $630.17K | 0.01% | +$150.11K | 4.47% | x | |
| 14 | Avalanche | $222.61K | 0.00% | +$30.90K | 0.05% | x | |
| 15 | Zircuit | $136.68K | 0.00% | −$59.27K | 100.0% | x | |
| 16 | Ink | $54.92K | 0.00% | −$32.34K | 0.04% | x | |
| 17 | Fraxtal | $27.39K | 0.00% | −$6.24K | 0.13% | x | |
| 18 | Swellchain | $24.34K | 0.00% | −$88.80K | 100.0% | x | |
| 19 | Movement | $21.66K | 0.00% | −$108.01K | 0.02% | x | |
| 20 | OP Mainnet | $13.62K | 0.00% | −$191.00 | 0.00% | x |
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.