Ethereal

Total Value Locked$927.22m
Chain Breakdown
Ethereum$927.22m
USDETH

Protocol Information

Ethereal is a decentralized spot and perpetuals exchange built on the Ethena Network, powered by native USDe collateral. With institutional-grade performance (sub-20ms latency, 1M+ orders/s) and DeFi-enabled self-custody from day one, Ethereal aims to be the premier trading venue for the rapidly growing Ethena ecosystem and beyond

Category:Derivatives

Audits:
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Last tweet: 2 days ago (2025-04-28)

Methodology

TVL: TVL includes USDe tokens locked in Ethereal’s Season Zero vault on Ethereum.

TVL

Competitors

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