Ethena (ENA) vs Ondo US Dollar Yield (USDY)
Learn how Ethena and Ondo US Dollar Yield differ in their key features, market performance, and community adoption, so you can decide which cryptocurrency is best for your investment strategy.
$0.1998
#41
Ethena is a synthetic dollar protocol built on Ethereum, offering USDe, a crypto-native dollar alternative that's different from traditional fiat stablecoins. USDe maintains its peg through delta-hedging Bitcoin, Ethereum, and Solana spot assets using futures contracts, while also holding liquid stables like USDC and USDT. The protocol enables users to acquire USDe through various methods and stake it to earn rewards from protocol revenue, subject to jurisdictional restrictions.
View Full Page$1.15
#46
USDY is a yield-bearing token available natively across many of the largest blockchain networks. Currently deployed on Ethereum, Arbitrum, Mantle, Solana, Sui, Aptos, Noble. USDY is secured by US Treasuries and accrues yield daily. USDY is over-collateralized with third-party attestations published daily.
View Full PageKey Metrics Comparison
EthenaENA
Market Cap$2.677B
24h Volume$373.83M
Liquidity Ratio13.97%
24h Change+4.58%
7d Change-6.73%
Circulating Supply13,406,250,000
Max Supply15,000,000,000
All-Time High$2
Ondo US Dollar YieldUSDY
Market Cap$2.356B
24h Volume$4.39M
Liquidity Ratio0.19%
24h Change-0.04%
7d Change+0.07%
Circulating Supply2,048,603,383.394
Max SupplyN/A
All-Time High$1
Category Performance
Visual comparison across key categories. Ring fill represents relative strength or share between the two assets.
Market Share
Share of combined market cap
ENA
53.2%USDY
46.8%Volume Share
Share of combined 24h volume
ENA
98.8%USDY
1.2%24h Performance
Price change over last 24 hours
ENA
4.58%USDY
-0.04%7d Performance
Price change over last 7 days
ENA
-6.73%USDY
0.07%Proximity to ATH
How close to all-time high (closer is better)
ENA
-86.9%USDY
-8.7%Liquidity Ratio
Volume to market cap ratio (higher = more liquid)
ENA
13.97%USDY
0.19%