Ask about Ethereal DEX
Logo of Ethereal DEXEthereal DEX(USDe)
Total Value Locked$2.95m

TVL by Chain

Ethereal$2.95m

Key Metrics

Fees 30d$3,398.46
Fees 30d by chain

Ethereal$3,398.46

Fees 7d$168

Ethereal$168

Fees 24h$22

Ethereal$22

Cumulative Fees$2.95m

Ethereal$2.95m

Revenue 30d$3,398.46
Revenue 30d by chain

Ethereal$3,398.46

Revenue 7d$168

Ethereal$168

Revenue 24h$22

Ethereal$22

Cumulative Revenue$2.95m

Ethereal$2.95m

Perp Volume 30d$3.87m
Perp Volume 30d by chain

Ethereal$3.87m

Perp Volume 7d$0

Ethereal$0

Perp Volume 24h$0

Ethereal$0

Cumulative Perp Volume$9.576b

Ethereal$9.576b

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Protocol Information

Ethereal is a non-custodial DEX for spot and perpetual contracts built on the Ethena Network, using USDe as the primary collateral and engineered for CEX-level performance with DeFi security

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Category:Derivatives

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: All trading fees paid by usersView code on GitHubRevenue: All the fees is revenueView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

Jupiter Perpetual Exchange ($741.21m)GMX V2 Perps ($202.31m)Hyperliquid HLP ($187.93m)Derive V2 ($158.12m)Extended Perps ($116.43m)Lighter Robinhood Perps ($83.84m)dYdX V4 ($69.54m)AZverse Perps ($51.88m)dYdX V3 ($38.7m)Apex Omni ($31.13m)

Frequently Asked Questions

What is Ethereal DEX's TVL?

Ethereal DEX currently has $2.95m in total value locked. TVL has decreased 68.4% over the past 30 days.

What chains does Ethereal DEX operate on?

Ethereal DEX operates on Ethereal. Ethereal holds the largest share at 100%.

How much has Ethereal DEX generated in fees and revenue?

Over the past 30 days, Ethereal DEX generated $3,398.46 in fees. Of that, $3,398.46 was protocol revenue. Based on the trailing year, the annualized rate is $3.29m in fees and $3.29m in revenue.

How does Ethereal DEX's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Ethereal DEX ranks #39 by TVL. The category holds $2.043b across 423 protocols, and Ethereal DEX accounts for 0.1% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMX V2 Perps, Hyperliquid HLP, Derive V2, Extended Perps, Lighter Robinhood Perps, dYdX V4, AZverse Perps, dYdX V3, and Apex Omni.

How much perpetual futures volume does Ethereal DEX process?

Ethereal DEX processed $3.87m in perpetual futures volume over the past 30 days.