Ethena vs Just
Compare Ethena and Just on TVL, fees, revenue and activity to understand how these projects stack up.
$5.158B
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 Page$9.626B
JustLend is Tron’s native money‑market where interest rates follow a jump‑rate model similar to Compound V2. The protocol supports TRX, USDT, USDD and SUN, and integrates with SunSwap for automatic collateral liquidation. Since 2021 the JustLend DAO has funnelled 30 % of reserve factor income into a community insurance fund holding 500 million USDD.
View Full PageKey Metrics Comparison
Ethena
TVL$5.158B
24h VolumeN/A
24h Fees$7.9K
24h Revenue$7.9K
30d Fees$22.03M
30d Revenue$61.6K
7d TVL Change-1.68%
Dominance1.83%
Just
TVL$9.626B
24h VolumeN/A
24h FeesN/A
24h RevenueN/A
30d FeesN/A
30d RevenueN/A
7d TVL Change-2.75%
Dominance3.41%
Category Performance
Visual comparison across key categories. Ring fill represents relative strength or share between the two assets.
TVL Share
Share of combined TVL
Ethena
34.9%Just
65.1%Volume Share
Share of combined 24h volume
Ethena
1.0%Just
1.0%Fees Share
Share of combined 24h fees
Ethena
1.0%Just
1.0%Revenue Share
Share of combined 24h revenue
Ethena
1.0%Just
1.0%7d TVL Performance
TVL change over last 7 days
Ethena
-1.68%Just
-2.75%Dominance
Market dominance by TVL
Ethena
1.8%Just
3.4%TVL Comparison
Ethena
Just