entropy.io vs Ethena
Compare entropy.io and Ethena on TVL, fees, revenue and activity to understand how these projects stack up.
$4.533B
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
entropy.io
TVLN/A
24h Volume$52.44M
24h Fees$6K
24h Revenue$2.2K
30d Fees$11.2K
30d Revenue$4.4K
7d TVL ChangeN/A
Dominance0.00%
Ethena
TVL$4.533B
24h VolumeN/A
24h Fees$118
24h Revenue$118
30d Fees$15.23M
30d Revenue$28.5K
7d TVL Change+3.25%
Dominance1.62%
Category Performance
Visual comparison across key categories. Ring fill represents relative strength or share between the two assets.
TVL Share
Share of combined TVL
entropy.io
1.0%Ethena
1.0%Volume Share
Share of combined 24h volume
entropy.io
1.0%Ethena
1.0%Fees Share
Share of combined 24h fees
entropy.io
98.1%Ethena
1.9%Revenue Share
Share of combined 24h revenue
entropy.io
94.8%Ethena
5.2%7d TVL Performance
TVL change over last 7 days
entropy.io
N/AEthena
3.25%Dominance
Market dominance by TVL
entropy.io
0.0%Ethena
1.6%