Ethena USDe vs Ether.fi

Ethena USDe is a stablecoin liquidity rail with $4.94B in market cap, while Ether.fi is a ETHFI market beta asset with $696.28M. The useful comparison is market role, liquidity, seven-day direction, and which follow-up page gives the cleaner next decision.

Snapshot comparison. USDE data as of Sep 27, 2026, 1:20 AM UTC; ETHFI data as of Sep 27, 2026, 1:20 AM UTC. Mixed CoinGecko and fallback snapshot. Values can differ in age and are not executable quotes. Data methodology.

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Comparison Table

What changes between USDE and ETHFI.

Compare market role and supply as well as unit price. Reported trading volume is not the amount you can execute at the displayed price. This table is a research aid, not a recommendation.

Question	Ethena USDe	Ether.fi
Market role	stablecoin liquidity rail	ETHFI market beta asset
Price	$0.999644	$0.721282
Market cap	$4.94B	$696.28M
24h volume	$60.32M	$49.23M
7d change	+0.01%	-4.21%
Relative size	Ethena USDe is 7.10x Ether.fi's market cap	Ether.fi is 0.14x Ethena USDe's market cap
Volume comparison	Ethena USDe trades at 1.23x Ether.fi's 24h volume	Ether.fi trades at 0.82x Ethena USDe's 24h volume