cryptonist

DeFi protocols

Ethena USDtb

Data as of 3 October 2026 · Official site

Ethena USDtb is a protocol DefiLlama files under RWA, deployed on 1 chain. On 3 October 2026 it held $492.7M in total value locked, up 2.0% over 30 days, placing it 82nd of 225 protocols in this set. TVL is deposits at current prices, not revenue and not users. The note below says what it leaves out.

Total value locked, over time

Total value locked, USD: $10.4M at the start of the series, $492.7M at the end. $0 $500.0M $1.0B $1.5B $2.0B Dec 24May 25Nov 25Apr 26Oct 26
Total value locked, USD. Weekly points for the last two years, monthly before. Source: DefiLlama, retrieved 3 October 2026.

Among protocols

Total value locked by protocol, 225 tracked: top 24, and Ethena USDtb at 82. Source: DefiLlama, 3 October 2026.
#ProtocolTotal 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
82 Ethena USDtb $492.7M

See all 225 protocols

TVL by chain

TVL by chain, Ethena USDtb, 3 October 2026. Source: DefiLlama.
ChainUSD
Ethereum $492.7M

About Ethena USDtb

Category: RWA. Deployed on 1 chain. Listed by DefiLlama on 2024-12-16.

USDtb is a digital dollar, otherwise known as a USD stablecoin. USDtb can be used the same way a holder would use any other dollar, whether to send and receive payments, acquire and trade assets, or to simply hold dollars. (DefiLlama's listing text.)

Source: DefiLlama, retrieved 3 October 2026, under its open methodology. Figures are a dated snapshot, not a live feed.