Ethena USDe
About Ethena USDe
Ethena is a synthetic dollar protocol built on Ethereum, offering a crypto-native solution not reliant on the traditional banking system. Ethena's synthetic dollar, USDe, provides a robust, scalable, and censorship-resistant solution for money through delta-hedging staked Ethereum collateral. Ensuring peg stability, it utilizes delta hedging derivatives positions against the protocol-held collateral with a mint and redeem arbitrage mechanism. Ethena also introduces the 'Internet Bond', a dollar-denominated savings instrument accessible globally.
In the last hour, Ethena USDe's price has seen a change of +0.01%, and over the past 24 hours, its price has moved by -0.01%. Over the previous week, Ethena USDe's price has moved by +0.03%. The current price of Ethena USDe is BHD 0.3773, accompanied by a trading volume of 10.76M in the last day. Ethena USDe's price is currently 3.41% below its all-time high of BHD 0.3906, which remains the highest price Ethena USDe has achieved since its launch. The circulating supply of Ethena USDe stands at 4.688B, translating to a total market capitalization of 1.769B.
Market stats
Frequently asked questions
What is the market cap of Ethena USDe?
With a market capitalization of 1.769B, Ethena USDe is ranked 23 among other crypto assets.
What is the all-time high of Ethena USDe?
The highest valuation of Ethena USDe since its launch was at BHD 0.3906, marking its all-time high.
What is the 24-hour trading volume of Ethena USDe?
The trading activity of Ethena USDe over the last 24 hours was at 10.76M, highlighting its liquidity in the market.
How many Ethena USDe are there in circulation?
There are approximately 4.688B units of Ethena USDe currently in circulation, affecting its market dynamics.
What is the relative popularity of Ethena USDe?
Ethena USDe market cap is around 1.769B.
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