LIVE
BTC$84,744.00 5.38%ETH$2,725.74 5.88%USDT$0.9997 0.02%BNB$790.53 5.15%XRP$1.49 8.45%USDC$0.9997 0.02%SOL$116.44 7.63%TRX$0.3445 0.71%ZEC$1,538.46 6.91%FIGR_HELOC$1.00 0.00%HYPE$95.94 5.59%DOGE$0.0936 10.39%XMR$571.87 9.59%WBT$86.01 5.17%RAIN$0.0141 6.89%LINK$13.09 8.95%USDS$1.0000 0.02%ADA$0.2424 10.09%LEO$8.94 0.14%XLM$0.2120 11.62%UNI$8.98 2.54%NEAR$4.19 16.67%BCH$265.33 7.89%AVAX$11.52 15.69%USDE$0.9998 0.03%LTC$60.60 6.30%CC$0.1163 12.18%DAI$0.9999 0.02%USD1$0.9995 0.02%SUI$1.03 25.75%BTC$84,744.00 5.38%ETH$2,725.74 5.88%USDT$0.9997 0.02%BNB$790.53 5.15%XRP$1.49 8.45%USDC$0.9997 0.02%SOL$116.44 7.63%TRX$0.3445 0.71%ZEC$1,538.46 6.91%FIGR_HELOC$1.00 0.00%HYPE$95.94 5.59%DOGE$0.0936 10.39%XMR$571.87 9.59%WBT$86.01 5.17%RAIN$0.0141 6.89%LINK$13.09 8.95%USDS$1.0000 0.02%ADA$0.2424 10.09%LEO$8.94 0.14%XLM$0.2120 11.62%UNI$8.98 2.54%NEAR$4.19 16.67%BCH$265.33 7.89%AVAX$11.52 15.69%USDE$0.9998 0.03%LTC$60.60 6.30%CC$0.1163 12.18%DAI$0.9999 0.02%USD1$0.9995 0.02%SUI$1.03 25.75%
G.MARKETS/PAIR ANALYSIS·Ondo US Dollar Yield logoUSDYEthena logoENA· LIVE· as of 11:34 UTC
THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap

USDY WOULD BE
$0.00000000
currently $1.14 · target mcap $2.25B
0.00x TO MATCHUSDY NEEDS A 1.00x MOVE TO MATCH ENA
COIN PROFILES·USDY vs ENA
Ondo US Dollar Yield logo
Ondo US Dollar Yield
SOURCE
PRICE$1.14
24H CHANGE 0.04%
MARKET CAP$2.26BFDV $2.26B · Fully circulating
RANK#45
SUPPLY2.0B USDY
DOMINANCE0.08%
7d 0.28%
VS
Ethena logo
Ethena
TARGET
PRICE$0.2230
24H CHANGE 9.11%
MARKET CAP$2.25BFDV $3.34B · 33% supply locked
RANK#46
SUPPLY10.1B ENA
DOMINANCE0.07%
7d 54.49%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
99.8% the size
USDY$2.26B
ENA$2.25B
THE CLIMBOndo US Dollar Yield logoUSDYEthena logoENAMULTIPLIER 1.00xGAP$5.57M
Ondo US Dollar Yield logo
SOURCEUSDY$2.26B
Ethena logo
TARGETENA$2.25B
log scale · mcap in USDSep 21, 2026
Ondo US Dollar Yield logo
USDYOndo US Dollar Yield
$2.26BSOURCE
Ethena logo
ENAEthena
$2.25BTARGET
mcap in USDSep 21, 2026
BAG SCENARIOS·IF USDY HIT ENA MCAP·TARGET $1.14
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDY$114.00$114.36+$0.3607
Coffee money1K USDY$1,140.00$1,143.61+$3.61
Small bag10K USDY$11,400.00$11,436.07+$36.07
Real bag100K USDY$114,000.00$114,360.70+$360.70
Whale bag1M USDY$1,140,000.00$1,143,606.98+$3,606.98
Generational10M USDY$11,400,000.00$11,436,069.81+$36,069.81
$2.25B compared to the world
NikeNKE
$130.00B
ENA mcap is 1.7% of Nike
StarbucksSBUX
$100.00B
ENA mcap is 2.2% of Starbucks
SpotifySPOT
$90.00B
ENA mcap is 2.5% of Spotify
RobloxRBLX
$30.00B
ENA mcap is 7.5% of Roblox
RedditRDDT
$25.00B
ENA mcap is 9.0% of Reddit
SnapchatSNAP
$20.00B
ENA mcap is 11.2% of Snapchat

About this comparison

This page compares the market capitalizations of Ondo US Dollar Yield (USDY) and Ethena (ENA). With Ondo US Dollar Yield currently at $1.14 per coin and a market cap of $2.26B, and Ethena at $0.2230 with a market cap of $2.25B, applying Ethena's market cap to Ondo US Dollar Yield's circulating supply produces a hypothetical USDY price of $1.14 — a 1.00x move from current.

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

Frequently asked

If Ondo US Dollar Yield had Ethena's market cap, what would the price be?

If Ondo US Dollar Yield (USDY) had Ethena's (ENA) current market cap of $2.25B, each USDY would be worth approximately $1.14 based on the circulating supply of 1,967,073,061 USDY. That is 1.00x the current USDY price of $1.14.

What is the current market cap of Ondo US Dollar Yield?

Ondo US Dollar Yield (USDY) currently has a market cap of $2.26B, ranking #45 by market capitalization. Each USDY trades at $1.14.

What is the current market cap of Ethena?

Ethena (ENA) currently has a market cap of $2.25B, ranking #46 by market capitalization. Each ENA trades at $0.2230.

How does USDY compare to ENA?

Ondo US Dollar Yield's market cap of $2.26B sits slightly above Ethena's $2.25B. For USDY to reach ENA'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 Ondo US Dollar Yield'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.