5.1% APY

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Ethena

Liquidity

Ethereal

Performance

Ethereal is a decentralized exchange offering deep liquidity , lightning-fast execution , and uncompromising security .

Powered by Ethena

Deep liquidity, stable funding

Minimal slippage and institutional-grade execution—powered by USDe and Ethena.

ethereal.trade DEX Screenshot

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.

Put your collateral to work

Deposit USDe and earn rewards on your full margin balance via Ethena.

Uncompromising security

The Ethereal DEX is 100% non-custodial and leverages battle-tested EVM smart contracts for maximal security.

Institutional-grade trading features

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

Vertically integrated

All features are integrated directly within the Ethereal protocol, maximizing capital efficiency and eliminating third-party dependencies.

Built on
Built on Celestia, Arbitrum, and Pyth
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