ACTIVE

USDE→

DAI

USDE WOULD BE$0.9977

MULTIPLIER▼ 1.00x

TARGET MCAP$4.58B

G.MARKETS/PAIR ANALYSIS·

USDE→

DAI· LIVE· as of 20:02 UTC

THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

USDE WOULD BE

$0.00000000

currently $0.9996 · target mcap $4.58B

#20 · USDE$0.9996▼ 0.0%

#21 · DAI$0.9999▼ 0.0%

▼ 0.00x TO MATCHUSDE WOULD FALL TO 1.00x OF TODAY AT DAI'S VALUATION

COIN PROFILES·USDE vs DAI

USDEUnverified

Ethena USDe

SOURCE

Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate

PRICE$0.9996

24H CHANGE▼ 0.02%

MARKET CAP$4.59BFDV $4.59B · Fully circulating

RANK#20

SUPPLY4.6B USDE

DOMINANCE0.15%

7d▼ 0.02%

DAIUnverified

Dai

TARGET

MakerDAO has launched Multi-collateral DAI (MCD).

PRICE$0.9999

24H CHANGE▼ 0.01%

MARKET CAP$4.58BFDV $4.58B · Fully circulating

RANK#21

SUPPLY4.6B DAI

DOMINANCE0.15%

7d▼ 0.01%

PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y

SCALE·AREA = MARKET CAP

MARKET CAParea = proportional cap

USDE$4.59B

DAI$4.58B

THE CLIMB

USDE→

DAIMULTIPLIER▼ 1.00xGAP$8.57M

SOURCEUSDE$4.59B

TARGETDAI$4.58B

log scale · mcap in USDSep 13, 2026

USDEEthena USDe

$4.59BSOURCE

DAIDai

$4.58BTARGET

mcap in USDSep 13, 2026

BAG SCENARIOS·IF USDE HIT DAI MCAP·TARGET $0.9977

SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN

$10 starter100 USDE$99.96$99.77−$0.1865

Coffee money1K USDE$999.61$997.74−$1.87

Small bag10K USDE$9,996.06$9,977.41−$18.65

Real bag100K USDE$99,960.60$99,774.07−$186.53

Whale bag1M USDE$999,606.00$997,740.71−$1,865.29

Generational10M USDE$9,996,060.00$9,977,407.06−$18,652.94

FOR CONTEXT

$4.58B compared to the world

NikeNKE

$130.00B

DAI mcap is 3.5% of Nike

StarbucksSBUX

$100.00B

DAI mcap is 4.6% of Starbucks

SpotifySPOT

$90.00B

DAI mcap is 5.1% of Spotify

RobloxRBLX

$30.00B

DAI mcap is 15.3% of Roblox

RedditRDDT

$25.00B

DAI mcap is 18.3% of Reddit

SnapchatSNAP

$20.00B

DAI mcap is 22.9% of Snapchat

RELATED COMPARISONS·OTHER WAYS TO ASK

About this comparison

This page compares the market capitalizations of Ethena USDe (USDE) and Dai (DAI). With Ethena USDe currently at $0.9996 per coin and a market cap of $4.59B, and Dai at $0.9999 with a market cap of $4.58B, applying Dai's market cap to Ethena USDe's circulating supply produces a hypothetical USDE price of $0.9977 — a 1.00x move from current.

Ethena USDe: Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate

Dai: MakerDAO has launched Multi-collateral DAI (MCD).

All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.

Frequently asked

If Ethena USDe had Dai's market cap, what would the price be?

If Ethena USDe (USDE) had Dai's (DAI) current market cap of $4.58B, each USDE would be worth approximately $0.9977 based on the circulating supply of 4,594,996,662 USDE. That is 1.00x the current USDE price of $0.9996.

What is the current market cap of Ethena USDe?

Ethena USDe (USDE) currently has a market cap of $4.59B, ranking #20 by market capitalization. Each USDE trades at $0.9996.

What is the current market cap of Dai?

Dai (DAI) currently has a market cap of $4.58B, ranking #21 by market capitalization. Each DAI trades at $0.9999.

How does USDE compare to DAI?

Ethena USDe's market cap of $4.59B sits below Dai's $4.58B. For USDE to reach DAI's current valuation, the price would need to move 1.00x from its current level.

Is this comparison financial advice?

No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming Ethena USDe's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.

If USDE▾ had DAI▾'s mcap →

FOR CONTEXT

About this comparison

Frequently asked

More comparisons

If had 's mcap →