ACTIVE

USDE→

ENA

USDE WOULD BE$0.5439

MULTIPLIER▼ 0.54x

TARGET MCAP$2.68B

G.MARKETS/PAIR ANALYSIS·

USDE→

ENA· LIVE· as of 01:18 UTC

THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

USDE WOULD BE

$0.00000000

currently $0.9998 · target mcap $2.68B

#26 · USDE$0.9998▲ 0.0%

#40 · ENA$0.2658▲ 14.5%

▼ 0.00x TO MATCHUSDE WOULD FALL TO 0.54x OF TODAY AT ENA'S VALUATION

COIN PROFILES·USDE vs ENA

USDEUnverified

Ethena USDe

SOURCE

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

PRICE$0.9998

24H CHANGE▲ 0.01%

MARKET CAP$4.93BFDV $4.93B · Fully circulating

RANK#26

SUPPLY4.9B USDE

DOMINANCE0.16%

7d▲ 0.00%

ENAUnverified

Ethena

TARGET

PRICE$0.2658

24H CHANGE▲ 14.47%

MARKET CAP$2.68BFDV $3.99B · 33% supply locked

RANK#40

SUPPLY10.1B ENA

DOMINANCE0.09%

7d▲ 53.35%

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

SCALE·AREA = MARKET CAP

MARKET CAParea = proportional cap

USDE$4.93B

ENA$2.68B

THE CLIMB

USDE→

ENAMULTIPLIER▼ 1.84xGAP$2.25B

SOURCEUSDE$4.93B

TARGETENA$2.68B

M$2.74B

PYUSD$2.79B

USDG$3.25B

CRO$3.28B

SHIB$3.51B

TAO$3.54B

GRAM$4.07B

HBAR$4.14B

USD1$4.42B

DAI$4.59B

AVAX$4.73B

SUI$4.85B

log scale · mcap in USDSep 26, 2026

USDEEthena USDe

$4.93BSOURCE

$2.74B

PYUSD

$2.79B

USDG

$3.25B

CRO

$3.28B

SHIB

$3.51B

TAO

$3.54B

GRAM

$4.07B

HBAR

$4.14B

USD1

$4.42B

DAI

$4.59B

AVAX

$4.73B

SUI

$4.85B

ENAEthena

$2.68BTARGET

mcap in USDSep 26, 2026

BAG SCENARIOS·IF USDE HIT ENA MCAP·TARGET $0.5439

SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN

$10 starter100 USDE$99.98$54.39−$45.60

Coffee money1K USDE$999.82$543.86−$455.97

Small bag10K USDE$9,998.24$5,438.57−$4,559.67

Real bag100K USDE$99,982.40$54,385.72−$45,596.68

Whale bag1M USDE$999,824.00$543,857.17−$455,966.83

Generational10M USDE$9,998,240.00$5,438,571.70−$4,559,668.30

FOR CONTEXT

$2.68B compared to the world

NikeNKE

$130.00B

ENA mcap is 2.1% of Nike

StarbucksSBUX

$100.00B

ENA mcap is 2.7% of Starbucks

SpotifySPOT

$90.00B

ENA mcap is 3.0% of Spotify

RobloxRBLX

$30.00B

ENA mcap is 8.9% of Roblox

RedditRDDT

$25.00B

ENA mcap is 10.7% of Reddit

SnapchatSNAP

$20.00B

ENA mcap is 13.4% of Snapchat

RELATED COMPARISONS·OTHER WAYS TO ASK

About this comparison

This page compares the market capitalizations of Ethena USDe (USDE) and Ethena (ENA). With Ethena USDe currently at $0.9998 per coin and a market cap of $4.93B, and Ethena at $0.2658 with a market cap of $2.68B, applying Ethena's market cap to Ethena USDe's circulating supply produces a hypothetical USDE price of $0.5439 — a 0.54x move from current.

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

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 Ethena's market cap, what would the price be?

If Ethena USDe (USDE) had Ethena's (ENA) current market cap of $2.68B, each USDE would be worth approximately $0.5439 based on the circulating supply of 4,934,762,286 USDE. That is 0.54x the current USDE price of $0.9998.

What is the current market cap of Ethena USDe?

Ethena USDe (USDE) currently has a market cap of $4.93B, ranking #26 by market capitalization. Each USDE trades at $0.9998.

What is the current market cap of Ethena?

Ethena (ENA) currently has a market cap of $2.68B, ranking #40 by market capitalization. Each ENA trades at $0.2658.

How does USDE compare to ENA?

Ethena USDe's market cap of $4.93B sits below Ethena's $2.68B. For USDE to reach ENA's current valuation, the price would need to move 0.54x 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 ENA▾'s mcap →

FOR CONTEXT

About this comparison

Frequently asked

More comparisons

If had 's mcap →