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USDT rank #3 ENA rank #40 Asset comparison

Asset vs asset

Tether vs Ethena

Tether is a stablecoin liquidity rail with $183.78B in market cap, while Ethena is a ENA market beta asset with $2.71B. The useful comparison is market role, liquidity, seven-day direction, and which follow-up page gives the cleaner next decision.

Snapshot comparison. USDT data as of ; ENA 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

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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 Tether Ethena
Market role stablecoin liquidity rail ENA market beta asset
Price $0.999815 $0.268074
Market cap $183.78B $2.71B
24h volume $34.51B $611.7M
7d change +0.02% +31.90%
Relative size Tether is 67.89x Ethena's market cap Ethena is 0.01x Tether's market cap
Volume comparison Tether trades at 56.42x Ethena's 24h volume Ethena trades at 0.02x Tether's 24h volume

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

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