Usde
Arbitrage
Sentiment
Live Ethena USDe nominal supply at peg, marked value, peg behavior, mechanism, and per-chain supply distribution on Sharpe Terminal.
| # | Chain | Supply | Share | Trend | Distribution | ||
|---|---|---|---|---|---|---|---|
| 1 | Ethereum | $2.62B | 57.06% | +$278.86M | 5.33% | x | |
| 2 | Solana | $536.65M | 11.67% | −$1.20M | 9.27% | x | |
| 3 | Base | $352.00M | 7.65% | +$1.76M | 6.36% | x | |
| 4 | Plasma | $336.24M | 7.31% | +$269.97M | 58.9% | x | |
| 5 | Robinhood Chain | $323.26M | 7.03% | +$60.86M | 35.7% | x | |
| 6 | TON | $168.13M | 3.65% | +$36.31M | 303.3% | x | |
| 7 | Monad | $90.74M | 1.97% | +$51.95M | 8.87% | x | |
| 8 | BSC | $78.43M | 1.70% | −$90.17M | 1.41% | x | |
| 9 | Mantle | $60.71M | 1.32% | −$4.13M | 63.2% | x | |
| 10 | Berachain | $11.76M | 0.26% | −$757.40K | 38.5% | x | |
| 11 | Hyperliquid L1 | $8.84M | 0.19% | −$6.68M | 0.64% | x | |
| 12 | Avalanche | $5.44M | 0.12% | +$4.11M | 1.16% | x | |
| 13 | Arbitrum | $4.02M | 0.09% | +$2.20M | 0.29% | x | |
| 14 | Blast | $929.75K | 0.02% | +$491.00 | 2.96% | x | |
| 15 | MegaETH | $374.58K | 0.01% | −$69.18K | 1.39% | x | |
| 16 | Morph | $78.43K | 0.00% | −$86.00 | 0.09% | x | |
| 17 | Zircuit | $66.93K | 0.00% | −$239.00 | 57.7% | x | |
| 18 | Ink | $61.41K | 0.00% | −$6.05K | 0.04% | x | |
| 19 | Fraxtal | $27.24K | 0.00% | −$9.34K | 0.14% | x | |
| 20 | Movement | $21.07K | 0.00% | −$258.00 | 0.74% | x | |
| 21 | OP Mainnet | $13.15K | 0.00% | −$507.00 | 0.00% | x |
| Chain | Chain Δ | Net Bridge Flow | Direction |
|---|---|---|---|
| Ethereum | +$103.76M | — | Mint-dom. |
| Solana | +$767.05K | — | Mint-dom. |
| Base | +$6.02M | — | Mint-dom. |
| Plasma | +$16.26M | — | Mint-dom. |
| Robinhood Chain | +$312.66K | — | Mint-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.
Ethereum enabled crypto-native synthetic dollar which provides an embedded yield to users and achieves price stability through delta-neutral hedging across centralized and decentralized venues