DeFi protocols
Ethena USDe
Data as of 3 October 2026 · Official site
Ethena USDe is a protocol DefiLlama files under Basis Trading, deployed on 1 chain. On 3 October 2026 it held $4.9B in total value locked, up 15.3% over 30 days, placing it 15th of 225 protocols in this set. DefiLlama recorded $23.5M in fees over the previous 30 days. TVL is deposits at current prices, not revenue and not users. The note below says what it leaves out.
- Total value locked$4.9B
- 30-day change+15.3%
- Fees, 30 days$23.5M
- Audits listed2
Total value locked, over time
Among protocols
| # | Protocol | Total value locked |
|---|---|---|
| 1 | Lido | $26.4B |
| 2 | Aave V3 | $18.1B |
| 3 | SSV Network | $14.0B |
| 4 | LayerZero V2 | $11.7B |
| 5 | Morpho Blue | $11.3B |
| 6 | Binance staked ETH | $10.0B |
| 7 | WBTC | $9.9B |
| 8 | Coinbase Bridge | $8.4B |
| 9 | Hyperliquid Bridge | $7.1B |
| 10 | EigenCloud | $7.0B |
| 11 | Sky Lending | $5.9B |
| 12 | Binance Bitcoin | $5.8B |
| 13 | SparkLend | $5.5B |
| 14 | ether.fi Stake | $5.2B |
| 15 | Ethena USDe | $4.9B |
| 16 | JustLend V1 | $3.9B |
| 17 | Arbitrum Bridge | $3.7B |
| 18 | Babylon Protocol | $3.4B |
| 19 | USDT0 | $3.4B |
| 20 | JustLend sTRX | $3.3B |
| 21 | Base Bridge | $3.2B |
| 22 | Maple | $3.0B |
| 23 | Polygon Bridge | $2.9B |
| 24 | JustCryptos | $2.8B |
| 25 | Spark Liquidity Layer | $2.7B |
TVL by chain
| Chain | USD |
|---|---|
| Ethereum | $4.9B |
Fees recorded by DefiLlama
| Window | USD |
|---|---|
| 24 hours | $21 |
| 30 days | $23.5M |
| 1 year | $257.9M |
About Ethena USDe
Category: Basis Trading. Deployed on 1 chain. Listed by DefiLlama on 2024-02-15.
Ethena is a synthetic dollar protocol built on Ethereum (DefiLlama's listing text.)
Source: DefiLlama, retrieved 3 October 2026, under its open methodology. Figures are a dated snapshot, not a live feed.