M Mempool Atlas
USDE rank #26 MORPHO rank #55 Asset comparison

Asset vs asset

Ethena USDe vs Morpho

Ethena USDe is a stablecoin liquidity rail with $4.94B in market cap, while Morpho is a DeFi liquidity and usage proxy with $1.92B. 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 ; MORPHO data as of . 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 MORPHO.

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 Morpho
Market role stablecoin liquidity rail DeFi liquidity and usage proxy
Price $0.999644 $2.74
Market cap $4.94B $1.92B
24h volume $60.32M $26.11M
7d change +0.01% +5.68%
Relative size Ethena USDe is 2.58x Morpho's market cap Morpho is 0.39x Ethena USDe's market cap
Volume comparison Ethena USDe trades at 2.31x Morpho's 24h volume Morpho trades at 0.43x Ethena USDe's 24h volume

Verify source records: Ethena USDe on CoinGecko and Morpho on CoinGecko. Read the risk disclosure.

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