USDe USDe
Solana · Solana Ecosystem · Stablecoins · USD Stablecoin
USDe is a synthetic dollar stablecoin issued by Ethena Protocol. It is used as collateral in DeFi applications and for earning yield through staking. The protocol maintains the dollar peg by holding spot crypto assets as collateral while taking offsetting short positions in derivatives markets, creating a market-neutral position that allows USDe to capture funding rate yields without directional price exposure.
DEkqHyPN7GMRJ5cArtQFAWefqbZb33Hyf6s5iCwjEonTRead price, trading volume and pools separately
24h change +0.01% · 24h volume $2.92M · Total token liquidity $3.35M
The chart above shows the selected pool; switching pools does not change token-level aggregate metrics.
Trading activity
Token aggregate · selected window · 24h · Amounts in USD
| Selected window | Buy | Sell |
|---|---|---|
| Trade count | 479 | 571 |
| Unique address count | 224 | 222 |
The difference is buy volume minus sell volume, not net capital inflow. Addresses are deduplicated within each side; one address may appear on both.