Ethena: data and desk notes
Live figures for Ethena, every note the MSB Intel desk has posted on it, and the desk's articles. Updated daily.
As of October 15, 2026 · Sources · DefiLlama · CoinGecko · @MSBIntel
Market cap
$2.64B · rank #41
Fees paid, last 30 days
$17.9M
Desk notes
- Oct 15, 2026. Ethena's USDe supply on Monad hit a record $142.19M, up 72.58% in the past 30 days. USDe is now the second-largest stablecoin on Monad, behind only USDC.
- Oct 15, 2026. Ethena's USDe supply outside Ethereum hit a record $2.30B, up 58.09% in 90 days. Other chains now hold 48.30% of all USDe, up from 18.34% six months ago, led by Plasma, Solana and Base.
- Oct 13, 2026. FalconX, which has executed over $2.5T in trading volume, runs a $1 billion secured lending facility with Ethena funded by USDe's backing assets. The loans are overcollateralized, and Ethena holds first-priority security.
- Oct 12, 2026. Ethena's USDe supply on Robinhood Chain hit a record $374.94M, up 15.95% in the past 30 days. Only Paxos's USDG, at $693.84M, has more stablecoin supply on the chain.