Aster vs Ethena
Compare Aster and Ethena on TVL, fees, revenue and activity to understand how these projects stack up.
$522.28M
Aster is a decentralized perpetuals exchange offering MEV-free, one-click trading with leverage up to 1001× in Simple Mode, plus advanced, pro-grade tools in Pro Mode. Backed by YZi Labs, Aster combines speed, flexibility, and a community-driven approach to shape the next era of DeFi.
View Full Page$4.701B
USDe is Ethena’s synthetic dollar backed by delta‑neutral ETH perpetual hedge positions rather than off‑chain treasuries. The collateral basket auto‑rebalances between spot ETH, LSTs and short perps so the net delta remains near zero, turning staking rewards and funding rates into protocol revenue. USDe launched on Ethereum in January 2024 and surpassed $2 billion supply within five months, with deep secondary liquidity on Curve and Bybit.
View Full PageKey Metrics Comparison
Aster
TVL$522.28M
24h Volume$6.14M
24h Fees$218.5K
24h RevenueN/A
30d Fees$5.19M
30d RevenueN/A
7d TVL Change+13.36%
Dominance0.19%
Ethena
TVL$4.701B
24h VolumeN/A
24h Fees$104
24h Revenue$104
30d Fees$15.95M
30d Revenue$21.1K
7d TVL Change+3.13%
Dominance1.70%
Category Performance
Visual comparison across key categories. Ring fill represents relative strength or share between the two assets.
TVL Share
Share of combined TVL
Aster
10.0%Ethena
90.0%Volume Share
Share of combined 24h volume
Aster
1.0%Ethena
1.0%Fees Share
Share of combined 24h fees
Aster
100.0%Ethena
1.0%Revenue Share
Share of combined 24h revenue
Aster
1.0%Ethena
1.0%7d TVL Performance
TVL change over last 7 days
Aster
13.36%Ethena
3.13%Dominance
Market dominance by TVL
Aster
0.2%Ethena
1.7%TVL Comparison
Aster
Ethena