Independent community dashboard

The road to ENA's first buyback milestone

Live ENA price + USDe circulating supply, refreshed automatically.

Built by @Keeperssd

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ENA / USD · updating

Loading… / $7.50B

USDe circulating supply progress

Current supply—First milestone

Remaining

—

Additional USDe supply to $7.5B.

Growth needed

—

Required growth from the current supply.

First rung take rate

At the $7.5B 14-day average milestone.

Foundation allocation

95%

Of net revenue paid to the Foundation from core business lines, after activation, directed to ENA buybacks.

USDe Reserve Allocation

Backing assets · Sep 30 snapshot

19.3%">33.3%">12.8%">28.9%">5.9%">

Strategy

Reserve

APY

Alloc.

Crypto Basis

$930.15M

3.8%

19.3%

DeFi Lending

$1.60B

5.0%

33.3%

Institutional Lending

$615.05M

5–7%

12.8%

Liquid Stables

$1.40B

3.9%

28.9%

RWA

$283.56M

5.0%

5.9%

Equity Basis · not reported yetComing soon

Live refresh target: 10 min · official Ethena data when available; snapshot remains as fallback.

Ethena Data Hub

Supply growth, distribution and protocol economics in one view.

● LIVE DATA

USDe Growth

DefiLlama

—

net supply

30D

—

net supply

90D

—

net supply

ETA · 30D pace

—

mechanical extrapolation

USDe supply · last 30 days

—

———

USDe by Chain

Oct 1 snapshot · refresh 10m

Network

Supply

Distribution

Ethereum

$2.81B

56.8%

Plasma

$517M

10.4%

Solana

$464.75M

9.4%

Base

$392.61M

7.9%

Robinhood Chain

$347.89M

7.0%

TON

$184.06M

3.7%

Others

$237M

4.8%

Protocol Economics

Live when available · snapshot fallback

Fees · 7D

$4.63M

gross tracked fees

Fees · 30D

$20.09M

gross tracked fees

Cumulative fees

$1.053B

tracked lifetime

sUSDe APY

5.28%

current tracked yield

Buyback Ladder

Milestone schedule

$7.5B

5% take rate

Current target

$10B

10% take rate

Next rung

$15B

15% take rate

Future rung

$20B

20% take rate

Future rung

What could your ENA be worth?

Enter your token amount and test any target price. This is a scenario calculator, not a price prediction.

Your ENA tokens

1 ENA10M ENA

Fair ENA price vs HYPE buyback valuation

$0.01$1.00

Move the slider to test an ENA valuation against a HYPE-style buyback multiple. $0.50 is shown as a scenario, not a guaranteed market price.

Portfolio value

—

Multiple vs live

—

Difference vs live

—

Trigger methodology: Ethena governance uses a 14-day trailing average of USDe supply for the milestone. The live number above is current circulating supply and is shown as a progress indicator; it is not itself the official 14-day trigger value. At the first $7.5B rung, the approved schedule applies a 5% take rate.