On-chain USDe liquidity and price at each point · snapshots ~every 6h
USDe (USDe) is priced at $1.00 from indexed Ethereum DEX swaps, backed by $46.11M in qualifying on-chain liquidity across 11 pools with $23.74M of trading volume in the last 24 hours. Its deepest on-chain market is the FRAX/USDe pool holding $34.25M.
Every figure is derived from on-chain data only — indexed swaps and pool balances on Ethereum mainnet, with no centralized-exchange feeds. See the methodology for how price, liquidity and 24-hour volume are calculated, or compare USDe against other assets on the market comparison pages.
Understand what these USDe numbers actually mean before you trade.
USDe (USDe) is trading at $1.00, derived only from indexed Ethereum DEX swaps — no centralized-exchange feed. The price updates as new swaps are indexed.
USDe has $46.11M of qualifying on-chain liquidity across 11 Ethereum DEX pools, deepest in the FRAX/USDe pool ($34.25M).
USDe trades across 11 qualifying Ethereum DEX pools. Its deepest market is the FRAX/USDe pool on curve. See every pool and a depth simulator on this page before trading.
USDe has recorded $23.74M in indexed on-chain trading volume over the last 24 hours.
USDe has an estimated market capitalisation of $4.60B. CoinVerum uses a fresh DEX-derived price with available supply when possible, and otherwise falls back to CoinGecko market metadata.
CoinVerum does not give investment advice. What the data here shows is whether USDe's recent market activity: check price freshness, associated pool TVL, how that TVL is split across pools, and the V2 depth estimate. Always request a live router quote before trading.
Get a push notification when USDe hits your target — even with the tab closed. No account needed.
A self-updating price card for your site, blog or docs. Customise the look, then copy one line of HTML — no API key, no script. Explore every format on the widgets page.
<iframe src="https://coinverum.com/embed/token/0x4c9edd5852cd905f086c759e8383e09bff1e68b3?chart=1" width="340" height="172" style="display:block;border:0;max-width:100%;border-radius:14px" loading="lazy" title="USDe price by CoinVerum"></iframe> <a href="https://coinverum.com/tokens/0x4c9edd5852cd905f086c759e8383e09bff1e68b3">USDe price by CoinVerum</a>
| Pool | DEX | Fee | TVL | Share |
|---|---|---|---|---|
| Curve | — | $34.25M | 74.3% | |
| Uniswap V3 | 0.30% | $3.57M | 7.7% | |
| Uniswap V4 | 0.00% | $2.62M | 5.7% | |
| Uniswap V3 | 0.01% | $2.31M | 5.0% | |
| Curve | — | $1.47M | 3.2% | |
| Uniswap V4 | 0.00% | $770.78K | 1.7% | |
| Curve | — | $496.08K | 1.1% | |
| Curve | — | $319.06K | 0.7% |
Compare: USDe vs FRAX · USDe vs MNT · USDe vs USDC · USDe vs USDT
Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
V2 constant-product estimate · not a router quote