G.MARKETS
BTC$64,346.00-0.50%
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BTC$64,346.00▼ 0.50%ETH$1,905.68▼ 0.60%USDT$0.9995▲ 0.00%BNB$590.12▼ 1.60%USDC$0.9998▲ 0.00%XRP$1.03▼ 3.20%SOL$72.58▼ 2.40%TRX$0.3268▼ 0.30%FIGR_HELOC$1.02▼ 2.00%HYPE$56.08▼ 2.90%DOGE$0.0687▼ 2.20%USDS$1.00▲ 0.00%RAIN$0.0126▲ 1.10%LEO$9.76▲ 0.00%ZEC$492.38▼ 4.60%ADA$0.2033▲ 7.70%XMR$366.03▲ 2.40%WBT$55.75▼ 0.50%LINK$8.20▲ 0.10%XLM$0.1607▼ 3.90%DAI$1.00▲ 0.00%BCH$213.29▼ 0.70%USD1$0.9998▲ 0.00%USDE$0.9998▲ 0.00%GRAM$1.38▼ 2.10%CC$0.0953▼ 9.00%LTC$45.41▲ 0.30%USDG$1.00▲ 0.10%USYC$1.13▲ 0.00%HBAR$0.0684▼ 1.40%BTC$64,346.00▼ 0.50%ETH$1,905.68▼ 0.60%USDT$0.9995▲ 0.00%BNB$590.12▼ 1.60%USDC$0.9998▲ 0.00%XRP$1.03▼ 3.20%SOL$72.58▼ 2.40%TRX$0.3268▼ 0.30%FIGR_HELOC$1.02▼ 2.00%HYPE$56.08▼ 2.90%DOGE$0.0687▼ 2.20%USDS$1.00▲ 0.00%RAIN$0.0126▲ 1.10%LEO$9.76▲ 0.00%ZEC$492.38▼ 4.60%ADA$0.2033▲ 7.70%XMR$366.03▲ 2.40%WBT$55.75▼ 0.50%LINK$8.20▲ 0.10%XLM$0.1607▼ 3.90%DAI$1.00▲ 0.00%BCH$213.29▼ 0.70%USD1$0.9998▲ 0.00%USDE$0.9998▲ 0.00%GRAM$1.38▼ 2.10%CC$0.0953▼ 9.00%LTC$45.41▲ 0.30%USDG$1.00▲ 0.10%USYC$1.13▲ 0.00%HBAR$0.0684▼ 1.40%
ACTIVEEthereumETH→Ethena USDeUSDE
ETH WOULD BE$32.18
MULTIPLIER▼ 0.02x
TARGET MCAP$3.88B
G.MARKETS/PAIR ANALYSIS·Ethereum logoETH→Ethena USDe logoUSDE· LIVE· as of 19:34 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

ETH WOULD BE
$0.00000000
currently $1,905.68 · target mcap $3.88B
MULTIPLIER
▼0.00x

ETH would drop to 0.02x of its current price at USDE's valuation

COIN PROFILES·ETH vs USDE
Ethereum logo
ETHVerified by G.MARKETS
Ethereum
SOURCE

Ethereum is a global, open-source platform for decentralized applications.

PRICE$1,905.68
24H CHANGE▼ 0.60%
MARKET CAP$229.96BFDV $229.96B · Fully circulating
RANK#2
SUPPLY120.7M ETH
DOMINANCE7.67%
7d▼ 1.92%
VS
Ethena USDe logo
USDEUnverified
Ethena USDe
TARGET

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

PRICE$0.9998
24H CHANGE▲ 0.00%
MARKET CAP$3.88BFDV $3.88B · Fully circulating
RANK#24
SUPPLY3.9B USDE
DOMINANCE0.13%
7d▲ 0.00%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
1.7% the size
ETH$229.96B
USDE$3.88B
THE CLIMBEthereum logoETH→Ethena USDe logoUSDEMULTIPLIER▼ 59.2xGAP$226.08B
$10.00B$100.00B
Ethereum logo
SOURCEETH$229.96B
Ethena USDe logo
TARGETUSDE$3.88B
USD1 logo
USD1$3.99B
Dai logo
DAI$4.59B
Chainlink logo
LINK$6.14B
WhiteBIT Coin logo
WBT$6.58B
Cardano logo
ADA$7.58B
LEO Token logo
LEO$8.98B
USDS logo
USDS$9.85B
Dogecoin logo
DOGE$10.67B
Figure Heloc logo
FIGR_HELOC$21.46B
Solana logo
SOL$42.19B
USDC logo
USDC$71.86B
BNB logo
BNB$78.57B
log scale · mcap in USDAug 6, 2026
Ethereum logo
ETHEthereum
$229.96BSOURCE
USD1 logo
USD1
$3.99B
Dai logo
DAI
$4.59B
Chainlink logo
LINK
$6.14B
WhiteBIT Coin logo
WBT
$6.58B
Cardano logo
ADA
$7.58B
LEO Token logo
LEO
$8.98B
USDS logo
USDS
$9.85B
Dogecoin logo
DOGE
$10.67B
Figure Heloc logo
FIGR_HELOC
$21.46B
Solana logo
SOL
$42.19B
USDC logo
USDC
$71.86B
BNB logo
BNB
$78.57B
Ethena USDe logo
USDEEthena USDe
$3.88BTARGET
mcap in USDAug 6, 2026
BAG SCENARIOS·IF ETH HIT USDE MCAP·TARGET $32.18
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 ETH$190,568.00$3,217.79−$187,350.21
Coffee money1K ETH$1,905,680.00$32,177.87−$1,873,502.13
Small bag10K ETH$19,056,800.00$321,778.74−$18,735,021.26
Real bag100K ETH$190,568,000.00$3,217,787.45−$187,350,212.55
Whale bag1M ETH$1,905,680,000.00$32,177,874.50−$1,873,502,125.50
Generational10M ETH$19,056,800,000.00$321,778,744.99−$18,735,021,255.01

FOR CONTEXT

$3.88B compared to the world
NikeNKE
$130.00B
USDE mcap is 3.0% of Nike
StarbucksSBUX
$100.00B
USDE mcap is 3.9% of Starbucks
SpotifySPOT
$90.00B
USDE mcap is 4.3% of Spotify
RobloxRBLX
$30.00B
USDE mcap is 12.9% of Roblox
RedditRDDT
$25.00B
USDE mcap is 15.5% of Reddit
SnapchatSNAP
$20.00B
USDE mcap is 19.4% of Snapchat
RELATED COMPARISONS·OTHER WAYS TO ASK
Ethereum logoETHVerified by G.MARKETS→Bitcoin logoBTCVerified by G.MARKETS
$10,698.02▲ 5.61x
Ethereum logoETHVerified by G.MARKETS→Tether logoUSDTVerified by G.MARKETS
$1,519.81▼ 0.80x
Ethereum logoETHVerified by G.MARKETS→BNB logoBNBVerified by G.MARKETS
$651.05▼ 0.34x
Ethereum logoETHVerified by G.MARKETS→USDC logoUSDCVerified by G.MARKETS
$595.41▼ 0.31x
Ethereum logoETHVerified by G.MARKETS→XRP logoXRPVerified by G.MARKETS
$535.45▼ 0.28x
Ethereum logoETHVerified by G.MARKETS→Solana logoSOLVerified by G.MARKETS
$349.61▼ 0.18x

About this comparison

This page compares the market capitalizations of Ethereum (ETH) and Ethena USDe (USDE). With Ethereum currently at $1,905.68 per coin and a market cap of $229.96B, and Ethena USDe at $0.9998 with a market cap of $3.88B, applying Ethena USDe's market cap to Ethereum's circulating supply produces a hypothetical ETH price of $32.18 — a 0.02x move from current.

Ethereum: Ethereum is a global, open-source platform for decentralized applications.

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

If Ethereum (ETH) had Ethena USDe's (USDE) current market cap of $3.88B, each ETH would be worth approximately $32.18 based on the circulating supply of 120,682,142 ETH. That is 0.02x the current ETH price of $1,905.68.

What is the current market cap of Ethereum?

Ethereum (ETH) currently has a market cap of $229.96B, ranking #2 by market capitalization. Each ETH trades at $1,905.68.

What is the current market cap of Ethena USDe?

Ethena USDe (USDE) currently has a market cap of $3.88B, ranking #24 by market capitalization. Each USDE trades at $0.9998.

How does ETH compare to USDE?

Ethereum's market cap of $229.96B sits far below Ethena USDe's $3.88B. For ETH to reach USDE's current valuation, the price would need to move 0.02x 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 Ethereum'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.