TVL$41.9M
Season Zero
Ethereal
Performance
Ethereal is a decentralized exchange offering deep liquidity, lightning-fast execution, and uncompromising security.
Deep liquidity, stable funding
Powered by Ethena
Minimal slippage and institutional-grade execution—powered by USDe and Ethena liquidity.
Advancing
with
every
market
move
Deposit instantly from anywhere
USDe deposits into Ethereal are powered by the OFT standard from LayerZero, enabling one-click deposits from any supported chain.
Best in class performance
Ultra-low latency and lightning fast execution. Throughput of 1M+ orders/sec and 1k+ trades/sec.
Uncompromising security
The Ethereal DEX is 100% non-custodial and leverages battle-tested EVM smart contracts for maximal security.
Vertically integrated
All features are integrated directly within the Ethereal protocol, maximizing capital efficiency and eliminating third-party dependencies.
Built on the
Ethena Network
Powered by
Pyth
Put your collateral to
work
Deposit USDe margin and automatically earn market-best rewards via Ethena.
Institutional-grade trading features
Gasless orders and trades, one-click trading, and the lowest trading fees onchain.
