HostUSDE vs WEETH — price, size and safety, side by side
USDE (Ethereum) vs WEETH (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-27 / 2026-09-26.
USDE vs WEETH — normalized performance, 2026-09-08 to 2026-09-26T18:07:24
| USDE | WEETH | |
|---|---|---|
| Price | $0.9991 | $2.97K |
| Market cap | $4.94B | $5.89B |
| 24h volume | $10.82M | $532.17K |
| Liquidity | $14.81M | $14.39M |
| FDV | $4.94B | $5.89B |
| Holders | 48,804 | 28,590 |
| Age (days) | 66 | 990 |
| Safety grade | B | B |
Where they differ
- USDE measures ~20× the 24h volume of WEETH
- USDE measures ~1.7× the holder count of WEETH
- over the shared window USDE moved +0.01% while WEETH moved +7.42%
What the data says
USDE
USDe is Ethena's synthetic dollar — a stablecoin that holds its peg not with bank deposits but with a delta-neutral trade: spot crypto collateral (staked ETH, liquid stables) hedged by short perpetual futures, so the portfolio's dollar value stays flat whatever the market does. The contract 0x4c9edd5852cd905f086c759e8383e09bff1e68b3 is the canonical Ethereum deployment — USDe also exists on Solana under a different mint, where it is one of the deeper stable pools in our corpus. Our September 27, 2026 read shows $14.8 million of tracked pool liquidity on the mainnet venues.
The honest mechanics: USDe's yield is not magic — it is the funding-rate spread between staking yield and the perp market's willingness to pay longs, and that spread can and does go negative. When funding flips, Ethena pays the hedge instead of earning it, and the carry can invert into a slow bleed. The second layer is counterparty: the short positions sit on offshore exchanges through settlement custody, so exchange failures or frozen collateral are real, non-theoretical risks — the design survived the October 2025 liquidation cascade, which is evidence, not a guarantee. It is also not the same risk shape as UST: USDe is fully collateralized at inception; the failure mode is a sustained negative-funding grind plus a custody break, not a mint-redeem death spiral.
WEETH
weETH is ether.fi's wrapped eETH — the non-rebasing form of the liquid restaking token that sits on EigenLayer beneath the staking layer, so the holder earns both Ethereum staking yield and restaking yield in one claim. The deployment 0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee is the canonical mint; our September 26, 2026 snapshot reads $14.4 million of tracked pool liquidity.
The honest mechanics: a restaking token is a claim on ETH that is doing two jobs at once — securing Ethereum's consensus and securing EigenLayer services — which means its risk stack is the union of both: staking slashing, restaking slashing, and ether.fi's own contract layer on top. The yield is real; so is the doubled surface it comes from.
FAQ
Which is bigger, USDE or WEETH?
By tracked market cap: USDE (Ethereum) measures $4.94B and WEETH (Ethereum) measures $5.89B — dated snapshots, not a live feed.
Which is safer, USDE or WEETH?
On the contract checks we publish: USDE (Ethereum) grades B and WEETH (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDE and WEETH performed over the shared window?
Between 2026-09-08 and 2026-09-26T18:07:24, the measured snapshots show USDE at +0.01% and WEETH at +7.42%.
More comparisons
ARC vs USDEUSDE vs UUSDE vs USDCUSDE vs AGXWEETH vs UWEETH vs USDCWEETH vs AGXARC vs WEETH
The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-08→2026-09-26T18:07:24; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.