Ethena vs Pump
Compare Ethena and Pump on TVL, fees, revenue and activity to understand how these projects stack up.
$5.139B
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$355.18M
Key Metrics Comparison
Ethena
TVL$5.139B
24h VolumeN/A
24h Fees$0
24h Revenue$0
30d Fees$16.7M
30d Revenue$50.8K
7d TVL Change-2.18%
Dominance5.69%
Pump
TVL$355.18M
24h Volume$565.18M
24h Fees$5.37M
24h Revenue$1.87M
30d Fees$178.89M
30d Revenue$61.12M
7d TVL Change-0.69%
Dominance0.39%
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
93.5%Pump
6.5%Volume Share
Share of combined 24h volume
Ethena
1.0%Pump
1.0%Fees Share
Share of combined 24h fees
Ethena
1.0%Pump
100.0%Revenue Share
Share of combined 24h revenue
Ethena
1.0%Pump
100.0%7d TVL Performance
TVL change over last 7 days
Ethena
-2.18%Pump
-0.69%Dominance
Market dominance by TVL
Ethena
5.7%Pump
0.4%TVL Comparison
Ethena
Pump