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.

Current price$0.99964307+0.01% · 24h
Circulating market cap$4.46B
Fully diluted valuation$536.56M
Total token liquidity$3.35M
24h volume$2.92M
Holder address count10.06KAddress count, not unique users
Supply structure · Current snapshot

4.47B USDe

Current global circulating supply

Current total supply 536.75M USDe

The supply fields have different or unconfirmed scopes; original values are shown separately.

Address concentration · Current snapshot

10.06K Holder address count

Top-10 holder share 99.53% · Other 0.47%

Labels on some samples cannot be generalized to all holders.

Holdings by behavior

Address groups may overlap; holding shares cannot be added. The deduplicated union excludes the developer category.

Sniper wallets
Current holding shareAddress count · —
Bundler wallets
Current holding shareAddress count · —
Insider wallets
Current holding shareAddress count · —
Suspicious groups, deduplicated
Current holding shareAddress count · —

Behavior labels are neither identity verification nor a scam verdict. Missing data does not mean these addresses are absent.

Creator background

Tokens created historically
Of which migrated

These counts cover historical token creations and migrations across networks. They do not indicate project quality, investment returns, or migration of this project.

Launch information

Launch progress
Launch completedNot provided
Liquidity migratedNot provided
Developer holding share

Progress, completion and migration are shown separately. Reaching 100% does not replace completion or migration flags.

Launch platform and status are not provided. Launchpad applicability is unknown; this does not mean there is no launch platform.

Supply & current valuation

Current global circulating supply4.47B USDe
Current total supply536.75M USDe
Circulating market cap$4.46B
Fully diluted valuation$536.56M

Holder structure

Holder address count10.06K
Top-10 holder share99.53%
Top-10 holders 99.53%Other 0.47%

Address count, not unique users

Public safety status

Not provided

Liquidity, concentration and minting authority are separate research fields. Add personal conditions in Opportunity Screener.

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