Ethereal

Ethena ecosystem perpetuals DEX on custom L2 – 15% token allocation to ENA holders, USDe as native collateral.

Ethereal L2

Website

TVL

$86.22M

24h Volume

$17.91M

Open Interest

$8.22M

30d Revenue

$34.34K

24h Fees

$307.00

Ann. Revenue

$112.06K

Historical Data

Fee Structure

Maker Fee

0.02%

2.0 bps

Taker Fee

0.05%

5.0 bps

Token / Airdrop / Points

Token Status

Upcoming

TGE: TBD 2026

Points Program

Active

Season Zero active — earn via trading, USDe deposits, and maker activity. Ethena Sats integration for USDe collateral users.

Airdrop Info

Upcoming token with 15% of supply allocated to ENA (Ethena) holders. Season Zero points program active — earn via trading and USDe deposits. Built on Ethereal L2, which uses USDe as native collateral. As an Ethena ecosystem project, ENA holders receive direct allocation, giving existing Ethena stakers additional upside.

Allocation

15% to ENA holders + community trading rewards

Current Funding Rates(18 pairs)

Pair	Rate (8h)	Annualized	Open Interest	24h Volume
TAO-USD	+0.0330%	+36.18%	$20.20	$0.81
HYPE-USD	+0.0292%	+32.01%	$5.51K	$579.12
LIT-USD	+0.0261%	+28.59%	$13.61K	$576.20
FARTCOIN-USD	+0.0221%	+24.19%	$350.46K	$264.00
ZEC-USD	+0.0118%	+12.87%	$116.66	$5.71
PUMP-USD	+0.0111%	+12.15%	$24.71M	$4.09M
SUI-USD	+0.0109%	+11.90%	$57.61K	$49.90
BTC-USD	+0.0103%	+11.26%	$82.68	$4.69
ETH-USD	+0.0091%	+10.00%	$857.08	$124.34
SOL-USD	+0.0091%	+10.00%	$4.62K	$27.02
XRP-USD	+0.0091%	+10.00%	$57.92K	$0.00
AAVE-USD	+0.0091%	+10.00%	$368.73	$0.00
ENA-USD	+0.0091%	+10.00%	$1.36M	$104.02K
MON-USD	+0.0091%	+10.00%	$2.80M	$100.54K
XMR-USD	+0.0091%	+10.00%	$93.43	$0.00
DOGE-USD	+0.0091%	+10.00%	$184.79K	$0.00
TON-USD	+0.0091%	+10.00%	$30.48K	$0.00
BERA-USD	-0.1985%	-217.39%	$37.97K	$0.00

PairTAO-USD

Rate (8h)+0.0330%

Annualized+36.18%

Open Interest$20.20

24h Volume$0.81

PairHYPE-USD

Rate (8h)+0.0292%

Annualized+32.01%

Open Interest$5.51K

24h Volume$579.12

PairLIT-USD

Rate (8h)+0.0261%

Annualized+28.59%

Open Interest$13.61K

24h Volume$576.20

PairFARTCOIN-USD

Rate (8h)+0.0221%

Annualized+24.19%

Open Interest$350.46K

24h Volume$264.00

PairZEC-USD

Rate (8h)+0.0118%

Annualized+12.87%

Open Interest$116.66

24h Volume$5.71

PairPUMP-USD

Rate (8h)+0.0111%

Annualized+12.15%

Open Interest$24.71M

24h Volume$4.09M

PairSUI-USD

Rate (8h)+0.0109%

Annualized+11.90%

Open Interest$57.61K

24h Volume$49.90

PairBTC-USD

Rate (8h)+0.0103%

Annualized+11.26%

Open Interest$82.68

24h Volume$4.69

PairETH-USD

Rate (8h)+0.0091%

Annualized+10.00%

Open Interest$857.08

24h Volume$124.34

PairSOL-USD

Rate (8h)+0.0091%

Annualized+10.00%

Open Interest$4.62K

24h Volume$27.02

PairXRP-USD

Rate (8h)+0.0091%

Annualized+10.00%

Open Interest$57.92K

24h Volume$0.00

PairAAVE-USD

Rate (8h)+0.0091%

Annualized+10.00%

Open Interest$368.73

24h Volume$0.00

PairENA-USD

Rate (8h)+0.0091%

Annualized+10.00%

Open Interest$1.36M

24h Volume$104.02K

PairMON-USD

Rate (8h)+0.0091%

Annualized+10.00%

Open Interest$2.80M

24h Volume$100.54K

PairXMR-USD

Rate (8h)+0.0091%

Annualized+10.00%

Open Interest$93.43

24h Volume$0.00

PairDOGE-USD

Rate (8h)+0.0091%

Annualized+10.00%

Open Interest$184.79K

24h Volume$0.00

PairTON-USD

Rate (8h)+0.0091%

Annualized+10.00%

Open Interest$30.48K

24h Volume$0.00

PairBERA-USD

Rate (8h)-0.1985%

Annualized-217.39%

Open Interest$37.97K

24h Volume$0.00