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USDE rank #26 SKY rank #58 Asset comparison

Asset vs asset

Ethena USDe vs Sky

Ethena USDe is a stablecoin liquidity rail with $4.94B in market cap, while Sky is a DeFi liquidity and usage proxy with $1.83B. 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 ; SKY data as of . Mixed CoinGecko and fallback snapshot. Values can differ in age and are not executable quotes. Data methodology.

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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 Sky
Market role stablecoin liquidity rail DeFi liquidity and usage proxy
Price $0.999644 $0.078007
Market cap $4.94B $1.83B
24h volume $60.32M $18.37M
7d change +0.01% +12.61%
Relative size Ethena USDe is 2.71x Sky's market cap Sky is 0.37x Ethena USDe's market cap
Volume comparison Ethena USDe trades at 3.28x Sky's 24h volume Sky trades at 0.30x Ethena USDe's 24h volume

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

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