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 | $2.39B | 61.04% | −$308.35M | 5.83% | x | |
| 2 | Solana | $537.34M | 13.72% | −$12.04M | 11.3% | x | |
| 3 | Base | $266.61M | 6.81% | +$80.91M | 5.88% | x | |
| 4 | Robinhood Chain | $183.16M | 4.68% | +$166.80M | 54.8% | x | |
| 5 | BSC | $168.51M | 4.30% | −$74.43M | 3.50% | x | |
| 6 | Plasma | $137.01M | 3.50% | +$8.59M | 22.4% | x | |
| 7 | TON | $120.32M | 3.07% | −$46.85K | 100.0% | x | |
| 8 | Mantle | $63.59M | 1.62% | −$21.72M | 81.0% | x | |
| 9 | Hyperliquid L1 | $17.82M | 0.45% | −$6.32M | 1.48% | x | |
| 10 | Berachain | $16.18M | 0.41% | −$6.58M | 32.4% | x | |
| 11 | Monad | $12.60M | 0.32% | +$13.12M | 1.55% | x | |
| 12 | Arbitrum | $1.81M | 0.05% | +$39.60K | 0.15% | x | |
| 13 | Blast | $931.64K | 0.02% | +$30.05K | 3.15% | x | |
| 14 | Avalanche | $749.31K | 0.02% | +$504.49K | 0.17% | x | |
| 15 | MegaETH | $301.62K | 0.01% | −$394.07M | 0.67% | x | |
| 16 | Morph | $78.52K | 0.00% | flat | 0.82% | x | |
| 17 | Zircuit | $74.65K | 0.00% | −$101.00 | 76.3% | x | |
| 18 | Ink | $69.70K | 0.00% | −$496.00 | 0.06% | x | |
| 19 | Fraxtal | $31.27K | 0.00% | −$1.52K | 0.17% | x | |
| 20 | Movement | $21.33K | 0.00% | −$334.00 | 0.51% | x | |
| 21 | OP Mainnet | $13.61K | 0.00% | −$12.00 | 0.00% | x |
| Chain | Chain Δ | Net Bridge Flow | Direction |
|---|---|---|---|
| Ethereum | -$42.56M | — | Burn-dom. |
| Solana | +$74.07K | — | Mint-dom. |
| Base | +$7.79M | — | Mint-dom. |
| Robinhood Chain | -$2.97M | — | Burn-dom. |
| BSC | -$7.86K | — | 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.