Ethena USDe vs Gram (prev. Toncoin)

Ethena USDe is a stablecoin liquidity rail with $4.94B in market cap, while Gram (prev. Toncoin) is a layer-1 ecosystem asset with $4.55B. 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; GRAM 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 GRAM.

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	Gram (prev. Toncoin)
Market role	stablecoin liquidity rail	layer-1 ecosystem asset
Price	$0.999644	$1.62
Market cap	$4.94B	$4.55B
24h volume	$60.32M	$124.2M
7d change	+0.01%	+14.87%
Relative size	Ethena USDe is 1.09x Gram (prev. Toncoin)'s market cap	Gram (prev. Toncoin) is 0.92x Ethena USDe's market cap
Volume comparison	Ethena USDe trades at 0.49x Gram (prev. Toncoin)'s 24h volume	Gram (prev. Toncoin) trades at 2.06x Ethena USDe's 24h volume