G.MARKETS
BTC$83,933.00-0.90%
GokhshteinNews
LIVE
BTC$83,933.00▼ 0.90%ETH$2,689.47▼ 0.18%USDT$0.9998▲ 0.01%BNB$775.63▼ 0.35%XRP$1.57▲ 1.23%USDC$0.9999▲ 0.01%SOL$121.70▲ 3.43%TRX$0.3375▼ 0.79%ZEC$1,539.80▼ 0.82%FIGR_HELOC$1.03▼ 0.05%HYPE$91.67▼ 0.24%DOGE$0.0987▲ 2.12%XMR$555.87▼ 2.54%LINK$13.98▲ 4.06%WBT$83.81▼ 0.71%USDS$0.9998▼ 0.01%ADA$0.2580▲ 2.05%LEO$8.81▼ 1.30%RAIN$0.0110▼ 8.57%XLM$0.2193▼ 0.78%BCH$341.26▲ 0.29%NEAR$4.91▲ 6.95%UNI$9.56▲ 3.52%LTC$72.67▲ 1.24%CC$0.1316▲ 14.66%USDE$0.9998▲ 0.02%SUI$1.18▲ 12.56%AVAX$10.64▲ 3.60%DAI$0.9998▲ 0.01%USD1$0.9994▲ 0.04%BTC$83,933.00▼ 0.90%ETH$2,689.47▼ 0.18%USDT$0.9998▲ 0.01%BNB$775.63▼ 0.35%XRP$1.57▲ 1.23%USDC$0.9999▲ 0.01%SOL$121.70▲ 3.43%TRX$0.3375▼ 0.79%ZEC$1,539.80▼ 0.82%FIGR_HELOC$1.03▼ 0.05%HYPE$91.67▼ 0.24%DOGE$0.0987▲ 2.12%XMR$555.87▼ 2.54%LINK$13.98▲ 4.06%WBT$83.81▼ 0.71%USDS$0.9998▼ 0.01%ADA$0.2580▲ 2.05%LEO$8.81▼ 1.30%RAIN$0.0110▼ 8.57%XLM$0.2193▼ 0.78%BCH$341.26▲ 0.29%NEAR$4.91▲ 6.95%UNI$9.56▲ 3.52%LTC$72.67▲ 1.24%CC$0.1316▲ 14.66%USDE$0.9998▲ 0.02%SUI$1.18▲ 12.56%AVAX$10.64▲ 3.60%DAI$0.9998▲ 0.01%USD1$0.9994▲ 0.04%
ACTIVEUSDSUSDS→EthenaENA
USDS WOULD BE$0.2750
MULTIPLIER▼ 0.28x
TARGET MCAP$2.68B
G.MARKETS/PAIR ANALYSIS·USDS logoUSDS→Ethena logoENA· LIVE· as of 01:15 UTC
THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

USDS WOULD BE
$0.00000000
currently $0.9998 · target mcap $2.68B
#16 · USDS$0.9998▼ 0.0% #40 · ENA$0.2650▲ 14.4%
▼ 0.00x TO MATCHUSDS WOULD FALL TO 0.28x OF TODAY AT ENA'S VALUATION
COIN PROFILES·USDS vs ENA
USDS logo
USDSUnverified
USDS
SOURCE

USDS is the stablecoin of the decentralized Sky ecosystem, designed to maintain a soft peg (a value intended to stay close) to the U.S.

PRICE$0.9998
24H CHANGE▼ 0.01%
MARKET CAP$9.73BFDV $9.67B · Fully circulating
RANK#16
SUPPLY9.7B USDS
DOMINANCE0.32%
7d▼ 0.03%
VS
Ethena logo
ENAUnverified
Ethena
TARGET
PRICE$0.2650
24H CHANGE▲ 14.44%
MARKET CAP$2.68BFDV $3.98B · 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
27.5% the size
USDS$9.73B
ENA$2.68B
THE CLIMBUSDS logoUSDS→Ethena logoENAMULTIPLIER▼ 3.64xGAP$7.05B
USDS logo
SOURCEUSDS$9.73B
Ethena logo
TARGETENA$2.68B
MemeCore logo
M$2.74B
Global Dollar logo
USDG$3.25B
Shiba Inu logo
SHIB$3.50B
Bitway logo
BTW$3.64B
Hedera logo
HBAR$4.14B
Dai logo
DAI$4.59B
Sui logo
SUI$4.82B
Ethena USDe logo
USDE$4.93B
Litecoin logo
LTC$5.63B
NEAR Protocol logo
NEAR$6.42B
Stellar logo
XLM$7.67B
LEO Token logo
LEO$8.10B
log scale · mcap in USDSep 26, 2026
USDS logo
USDSUSDS
$9.73BSOURCE
MemeCore logo
M
$2.74B
Global Dollar logo
USDG
$3.25B
Shiba Inu logo
SHIB
$3.50B
Bitway logo
BTW
$3.64B
Hedera logo
HBAR
$4.14B
Dai logo
DAI
$4.59B
Sui logo
SUI
$4.82B
Ethena USDe logo
USDE
$4.93B
Litecoin logo
LTC
$5.63B
NEAR Protocol logo
NEAR
$6.42B
Stellar logo
XLM
$7.67B
LEO Token logo
LEO
$8.10B
Ethena logo
ENAEthena
$2.68BTARGET
mcap in USDSep 26, 2026
BAG SCENARIOS·IF USDS HIT ENA MCAP·TARGET $0.2750
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDS$99.98$27.50−$72.48
Coffee money1K USDS$999.81$274.99−$724.82
Small bag10K USDS$9,998.13$2,749.94−$7,248.19
Real bag100K USDS$99,981.30$27,499.42−$72,481.88
Whale bag1M USDS$999,813.00$274,994.16−$724,818.84
Generational10M USDS$9,998,130.00$2,749,941.63−$7,248,188.37

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
USDS logoUSDS→Bitcoin logoBTCVerified by G.MARKETS
$173.23▲ 173x
USDS logoUSDS→Ethereum logoETHVerified by G.MARKETS
$33.73▲ 33.7x
USDS logoUSDS→Tether logoUSDTVerified by G.MARKETS
$18.88▲ 18.9x
USDS logoUSDS→BNB logoBNBVerified by G.MARKETS
$10.61▲ 10.6x
USDS logoUSDS→XRP logoXRPVerified by G.MARKETS
$10.13▲ 10.1x
USDS logoUSDS→USDC logoUSDCVerified by G.MARKETS
$7.74▲ 7.74x

About this comparison

This page compares the market capitalizations of USDS (USDS) and Ethena (ENA). With USDS currently at $0.9998 per coin and a market cap of $9.73B, and Ethena at $0.2650 with a market cap of $2.68B, applying Ethena's market cap to USDS's circulating supply produces a hypothetical USDS price of $0.2750 — a 0.28x move from current.

USDS: USDS is the stablecoin of the decentralized Sky ecosystem, designed to maintain a soft peg (a value intended to stay close) to the U.S.

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

Frequently asked

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

If USDS (USDS) had Ethena's (ENA) current market cap of $2.68B, each USDS would be worth approximately $0.2750 based on the circulating supply of 9,732,579,019 USDS. That is 0.28x the current USDS price of $0.9998.

What is the current market cap of USDS?

USDS (USDS) currently has a market cap of $9.73B, ranking #16 by market capitalization. Each USDS 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 $0.2650.

How does USDS compare to ENA?

USDS's market cap of $9.73B sits well below Ethena's $2.68B. For USDS to reach ENA's current valuation, the price would need to move 0.28x 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 USDS'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.

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