Back to all assets

Ethena USDe USDE

crypto

Price History

The shaded fan is where this price has historically travelled over the months after a close like today’s. It is not a forecast: it has no view on direction, only on distance.

$0.997$0.999$1$1
2025-09 · DCA start$1

Over 3 months from Sep 2026, roughly two-thirds of past moves landed between $0.998 and $1; nine in ten between $0.997 and $1.

Built from 13 monthly closes rather than the full three years, so treat the width as provisional. Short windows tend to understate how violent an asset can be.

Time underwater

How far below its previous all-time high the price sat, each month. 0% means a new high.

-0.3%-0.2%-0.1%0.0%
2025-092026-09 · -0.2%

Worst drawdown: −0%, peaking Sep 2025 and bottoming Dec 2025 — still unrecovered after 12 months.

DCA Backtest

Invested
$1,300
Value today
$1,300
Return
+0.0%
Months invested
13

Scenarios

Inflation — the same contributions merely keeping pace with CPI would be $1,318 today, so the real (inflation-adjusted) return is -1.4%.

Lump sum instead — $1,300 all at once in Sep 2025: $1,298 (-0.2%) — DCA came out ahead.

Backtests use monthly closing prices. Stock dividends aren’t reinvested, so long-run equity returns are understated.

If this saved you a spreadsheet — buy me a coffee.

Every start month at once

Each cell is the return-to-date of £/$/€100-a-month DCA started that month. Click a cell to load it in the backtest above. The ringed cell is the all-time-high start — the worst timing scenario.

JFMAMJJASOND
2025
2026
Legend:−50%−20%0%+50%+200%+1000%worst timing (ATH)Selected 2025-09: +0.0%

About Ethena USDe

Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate (CoinGecko)

It's a cryptocurrency categorised under stablecoins, with a market cap of about $4.8B.

It rates Low Risk at 1.6/5, meaning the rated factors look benign — steady pricing, deep liquidity, and no obvious structural red flags.

What pushes the score up: custody / bridge (4.0/5).

Scoring well: systemic / correlation at 1.0/5.

Not yet researched: supply & concentration. These are excluded from the score rather than guessed, so the real risk may be higher than what’s shown.

Ratings summarise sourced facts against fixed rules — not investment advice, and no substitute for your own diligence.

Risk Profile

Low Risk(1.6/5)85% rated

How these ratings work

Market / Volatility1.0/5 · weight 30%
  • Annualised volatility (3yr)1/50.28
  • Max drawdown from ATH1/50.31
  • Beta vs BTC1/50.00
Liquidity2.3/5 · weight 10%
  • 24h volume / market cap4/50.51
  • Top exchange % of volume2/525.9
  • Significant listings1/525.0
Supply & Concentrationunrated · weight 15%
  • Top 10 wallets % of supplynot yet researched
  • Unlocks in next 6mo, % of supplynot yet researched
  • Annual supply growth %not yet researched
Smart Contract / Technical1.0/5 · weight 12%
  • Audit status1/5audited top tier recent
  • Admin key / upgradeabilitynot yet researched
  • Share of its mining algorithm (PoW)not yet researched
Custody / Bridge4.0/5 · weight 10%
  • Bridge reliance4/5synthetic hedge dependency
Governance / Team1.0/5 · weight 10%
  • Team1/5doxxed track record
  • Largest staking operator, % of stakenot yet researched
Regulatory2.0/5 · weight 10%
  • Regulatory profile2/5minor premine no action
Systemic / Correlation1.0/5 · weight 3%
  • Correlation to BTC1/50.24

Linked Assets

Same sector, or return-correlated — worth knowing what else might move if this one does.