Ethereum vs Ethena USDe — ETH/USDE Comparison
Side-by-side market data for Ethereum and Ethena USDe, updated continuously.
Ethereum (ETH) has a larger market capitalization than Ethena USDe (USDE) — about 62.6× bigger. Ethereum is ranked #2 and Ethena USDe is ranked #23 by market cap.
| Metric | Ethereum (ETH) | Ethena USDe (USDE) |
|---|---|---|
| Price | $2,348.71 | $1.00 |
| Market Cap | $286.93B | $4.58B |
| Rank | #2 | #23 |
| 24h Change | +0.19% | +0.04% |
| 7d Change | -0.73% | +0.02% |
| 24h Volume | $5.78B | $11.01M |
| All-Time High | $4,946.05 | $1.03 |
| Circulating Supply | 122,161,275 ETH | 4,584,247,594 USDE |
Performance: ETH vs USDE
| Period | ETH | USDE |
|---|---|---|
| 1 hour | +0.29% | +0.00% |
| 24 hours | +0.19% | +0.04% |
| 7 days | -0.73% | +0.02% |
| 30 days | -12.02% | -0.02% |
| 1 year | -39.87% | -0.01% |
ETH vs USDE: The Analysis
- Ethereum is the larger asset (62.6× Ethena USDe’s cap)
- Over 1 year, USDE has outperformed (down 0.01% vs down 39.87%)
- USDE sits closer to its all-time high (-3% vs -53%)
Ethereum (ETH) and Ethena USDe (USDE) sit at very different scales: Ethereum is ranked #2 with a $286.93B market cap, about 62.6× the $4.58B of Ethena USDe (#23). A larger cap generally means deeper liquidity and lower volatility, not a better investment.
Over the past year, ETH is down 39.87% and USDE is down 0.01% — USDE has clearly led.
ETH trades 53% below its all-time high of $4,946.05, while USDE is 3% below its $1.03 peak — one gauge of how much each has recovered.
By use case, Ethereum is associated with Smart Contract Platform, Layer 1 (L1), and Ethena USDe with Stablecoins, USD Stablecoin — so they are not necessarily direct substitutes.
ETH to USDE Conversion
| Amount | Equivalent |
|---|---|
| 1 ETH | 2348.7100 USDE |
| 1 USDE | 0.00042577 ETH |
| 10 ETH | 23,487.1 USDE |
Based on live prices: ETH $2,348.71, USDE $1.00. A market exchange may differ.
Volatility & Drawdown
| Metric | ETH | USDE |
|---|---|---|
| 30-day volatility (annualised) | — | — |
| All-time high | $4,946.05 | $1.03 |
| From all-time high | -52.51% | -3.29% |
Volatility is the standard deviation of daily returns over the last 30 days, annualised. Higher means larger price swings. Not a measure of quality or risk-adjusted return.
Price Charts
What is the difference between Ethereum and Ethena USDe?
Ethereum (ETH) has a larger market capitalization than Ethena USDe (USDE) — about 62.6× bigger. Ethereum is ranked #2 and Ethena USDe is ranked #23 by market cap. Ethereum trades at $2,348.71 and Ethena USDe at $1.00. Ethereum is categorised under Smart Contract Platform, Layer 1 (L1).
Which is bigger, Ethereum or Ethena USDe?
Ethereum is larger, with a market cap of $286.93B versus Ethena USDe's $4.58B — roughly 62.6× bigger.
Which has performed better recently?
Over the last 7 days, ETH is down 0.73% and USDE is up 0.02%. Over a full year, ETH is down 39.87% versus down 0.01% for USDE. Past performance does not predict future results — this is not financial advice.
How many USDE is 1 ETH worth?
At current prices, 1 Ethereum is worth about 2348.7100 USDE, and 1 Ethena USDe is worth 0.00042577 ETH (ETH $2,348.71, USDE $1.00).
Could Ethena USDe overtake Ethereum's market cap?
For Ethena USDe to reach Ethereum's current $286.93B market cap, its price would need to rise about 62.6× to roughly $62.59 per USDE (at today's supply), with Ethereum staying flat. That is a hypothetical, not a prediction.
Is Ethereum a better investment than Ethena USDe?
We don't give investment advice and can't say which is "better" for you — it depends on your own research, goals and risk tolerance. The data above compares their size, performance, volatility and use case so you can judge for yourself. Crypto is high-risk; see our disclaimer.
Ethereum data · Ethena USDe data · Information only — not financial advice. A larger market cap does not mean a better investment.