Ethena

Liquidity

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.

ethereal.trade DEX Screenshot

Advancing with
every market move

Earn 24/7 with USDe

Deposit USDe margin and automatically earn market-best rewards via Ethena.

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 theNetwork
Powered byPyth

Deposit instantly from anywhere

USDe deposits into Ethereal are powered by the OFT standard from LayerZero, enabling one-click deposits from any supported chain.

Institutional-grade trading features

Gasless orders and trades, one-click trading, and the lowest trading fees onchain.

Delivering the ultimate onchain trading experience