LIVE
BTC$72,574.00▼ 1.51%ETH$2,010.79▼ 1.90%USDT$0.9990▼ 0.03%BNB$655.83▼ 3.67%USDC$0.9995▼ 0.01%XRP$1.03▼ 2.00%SOL$81.52▼ 3.03%TRX$0.3157▼ 0.40%FIGR_HELOC$1.07▲ 2.77%HYPE$70.46▼ 3.11%ZEC$960.79▼ 1.88%DOGE$0.0658▼ 3.28%XMR$542.64▼ 6.83%USDS$0.9997▼ 0.03%LEO$9.22▼ 0.84%WBT$69.92▼ 1.53%LINK$9.92▼ 3.99%ADA$0.1707▼ 3.28%XLM$0.1444▼ 2.77%USDE$0.9991▼ 0.03%BCH$226.32▼ 1.41%DAI$0.9999▼ 0.00%NEAR$3.39▼ 9.30%LTC$48.92▼ 4.25%AVAX$8.34▼ 2.35%UNI$6.06▼ 6.29%GRAM$1.27▲ 1.09%CC$0.0892▼ 3.19%SUI$0.7963▼ 4.18%USD1$0.9983▲ 0.02%BTC$72,574.00▼ 1.51%ETH$2,010.79▼ 1.90%USDT$0.9990▼ 0.03%BNB$655.83▼ 3.67%USDC$0.9995▼ 0.01%XRP$1.03▼ 2.00%SOL$81.52▼ 3.03%TRX$0.3157▼ 0.40%FIGR_HELOC$1.07▲ 2.77%HYPE$70.46▼ 3.11%ZEC$960.79▼ 1.88%DOGE$0.0658▼ 3.28%XMR$542.64▼ 6.83%USDS$0.9997▼ 0.03%LEO$9.22▼ 0.84%WBT$69.92▼ 1.53%LINK$9.92▼ 3.99%ADA$0.1707▼ 3.28%XLM$0.1444▼ 2.77%USDE$0.9991▼ 0.03%BCH$226.32▼ 1.41%DAI$0.9999▼ 0.00%NEAR$3.39▼ 9.30%LTC$48.92▼ 4.25%AVAX$8.34▼ 2.35%UNI$6.06▼ 6.29%GRAM$1.27▲ 1.09%CC$0.0892▼ 3.19%SUI$0.7963▼ 4.18%USD1$0.9983▲ 0.02%
G.MARKETS/PAIR ANALYSIS·Falcon USD logoUSDF→Ethena logoENA· LIVE· as of 13:36 UTC
THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

USDF WOULD BE
$0.00000000
currently $0.9950 · target mcap $1.89B
▲ 0.00x TO MATCHUSDF NEEDS A 1.03x MOVE TO MATCH ENA
REALITY CHECKAt USDF's current 24h rate of +0.01%, compounding daily would take ~266 days to reach ENA's market cap.
COIN PROFILES·USDF vs ENA
Falcon USD logo
Falcon USD
SOURCE

Falcon, the next-generation platform transforming synthetic dollars into sustainable yield opportunities.

PRICE$0.9950
24H CHANGE▲ 0.01%
MARKET CAP$1.82BFDV $1.82B · Fully circulating
RANK#47
SUPPLY1.8B USDF
DOMINANCE0.06%
7d▲ 0.04%
VS
Ethena logo
Ethena
TARGET
PRICE$0.1397
24H CHANGE▼ 8.15%
MARKET CAP$1.89BFDV $2.10B · 10% supply locked
RANK#45
SUPPLY13.5B ENA
DOMINANCE0.06%
7d▼ 21.11%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
1.03x bigger
USDF$1.82B
ENA$1.89B
THE CLIMBFalcon USD logoUSDF→Ethena logoENAMULTIPLIER▲ 1.03xGAP$62.65M
Falcon USD logo
SOURCEUSDF$1.82B
Ethena logo
TARGETENA$1.89B
Pepe logo
PEPE$1.84B
log scale · mcap in USDNov 12, 2026
Falcon USD logo
USDFFalcon USD
$1.82BSOURCE
Pepe logo
PEPE
$1.84B
Ethena logo
ENAEthena
$1.89BTARGET
mcap in USDNov 12, 2026
BAG SCENARIOS·IF USDF HIT ENA MCAP·TARGET $1.03
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDF$99.50$102.92+$3.42
Coffee money1K USDF$995.05$1,029.21+$34.16
Small bag10K USDF$9,950.47$10,292.11+$341.64
Real bag100K USDF$99,504.70$102,921.14+$3,416.44
Whale bag1M USDF$995,047.00$1,029,211.44+$34,164.44
Generational10M USDF$9,950,470.00$10,292,114.38+$341,644.38
$1.89B compared to the world
NikeNKE
$130.00B
ENA mcap is 1.5% of Nike
StarbucksSBUX
$100.00B
ENA mcap is 1.9% of Starbucks
SpotifySPOT
$90.00B
ENA mcap is 2.1% of Spotify
RobloxRBLX
$30.00B
ENA mcap is 6.3% of Roblox
RedditRDDT
$25.00B
ENA mcap is 7.5% of Reddit
SnapchatSNAP
$20.00B
ENA mcap is 9.4% of Snapchat

About this comparison

This page compares the market capitalizations of Falcon USD (USDF) and Ethena (ENA). With Falcon USD currently at $0.9950 per coin and a market cap of $1.82B, and Ethena at $0.1397 with a market cap of $1.89B, applying Ethena's market cap to Falcon USD's circulating supply produces a hypothetical USDF price of $1.03 — a 1.03x move from current.

Falcon USD: Falcon, the next-generation platform transforming synthetic dollars into sustainable yield opportunities.

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

Frequently asked

If Falcon USD had Ethena's market cap, what would the price be?

If Falcon USD (USDF) had Ethena's (ENA) current market cap of $1.89B, each USDF would be worth approximately $1.03 based on the circulating supply of 1,833,496,006 USDF. That is 1.03x the current USDF price of $0.9950.

What is the current market cap of Falcon USD?

Falcon USD (USDF) currently has a market cap of $1.82B, ranking #47 by market capitalization. Each USDF trades at $0.9950.

What is the current market cap of Ethena?

Ethena (ENA) currently has a market cap of $1.89B, ranking #45 by market capitalization. Each ENA trades at $0.1397.

How does USDF compare to ENA?

Falcon USD's market cap of $1.82B sits slightly above Ethena's $1.89B. For USDF to reach ENA's current valuation, the price would need to move 1.03x 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 Falcon USD'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.