M Mempool Atlas
USDS rank #16 ENA rank #40 Asset comparison

Asset vs asset

USDS vs Ethena

USDS is a stablecoin liquidity rail with $9.69B 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. USDS data as of ; ENA data as of . Mixed CoinGecko and fallback snapshot. Values can differ in age and are not executable quotes. Data methodology.

Open USDS Open ENA

Comparison Table

What changes between USDS and ENA.

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 USDS Ethena
Market role stablecoin liquidity rail ENA market beta asset
Price $0.999785 $0.268074
Market cap $9.69B $2.71B
24h volume $52.74M $611.7M
7d change -0.00% +31.90%
Relative size USDS is 3.58x Ethena's market cap Ethena is 0.28x USDS's market cap
Volume comparison USDS trades at 0.09x Ethena's 24h volume Ethena trades at 11.60x USDS's 24h volume

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

Calculator

Compare valuation scenarios

Use the market-cap calculator when the real question is what one asset would imply at another size.

Open calculator
Risk

Check custody and venue risk

A cleaner comparison still needs a practical plan for exchanges, withdrawals, and wallets.

Open checklist
Desk

Return to the full board

Put both names back into the wider market context before treating the comparison as a final answer.

Open markets
Saved pages & watchlist
Top