InformationTVLYieldsFees and Revenue

Ethena USDe (ENA)

Total Value Locked$6.85b

TVL by Chain

Ethereum$6.85b

Key Metrics

Fees (Annualized)$328.86m

Fees 30d$26.96m

Fees 7d$4.85m

Fees 24h$341

Cumulative Fees$621.18m

Revenue (Annualized)$609,414

Revenue 30d$49,952

Revenue 7d$12,217

Revenue 24h$341

Cumulative Revenue$98.44m

$ENA Liquidity$20.46m

Uniswap V3$20.2m

Aerodrome Slipstream$260,794

Protocol Information

Ethena is a synthetic dollar protocol built on Ethereum

Category:Basis Trading

Audits:

WebsiteTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Staking rewards + yield distribution + mint fees + extra feesView code on GitHubRevenue: Mint Fees and staking rewards portion to Reserve FundView code on GitHub

Yields

Pools Tracked1

Average APY4.92%

View all Yields

Competitors

Falcon Finance ($2.087b)BounceBit CeDeFi Yield ($426.64m)BitFi Basis ($317.86m)Resolv ($271.7m)Superstate USCC ($270.48m)Solv Basis Trading ($258.87m)ZEROBASE CeDeFi ($72.6m)Aegis ($41.59m)Stables Labs USDX ($28.14m)BounceBit Prime ($12.35m)

Income Statement for Ethena USDe

Q4 2025*Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Fees$75.87m$151.08m$45.86m$95.67m$145.54m$27.68m$55.11m$24.28m$84,309
Revenue$424,316$10.18m$1.15m$7.92m$26.96m$1.05m$26.39m$24.28m$84,309
Earnings$424,316$10.18m$1.15m$7.92m$26.96m$1.05m$26.39m$24.28m$84,309