Ethena's market position, currently ranked #76 by market cap, places it among the more established names in the DeFi category, which supports a stronger fundamentals score. On-chain health is measured on fee revenue, value secured, turnover: $60 in fees over 24h (<0.01% annualised against market cap), and $4.3B of value secured (5.2x its market cap), and 24h volume at 4.8% of market cap. That compares favourably against the rest of the rated universe.
Momentum has cooled, with price down -6.8% over the trailing 7 days. The risk pillar is holding up reasonably well, with 24h price action of +0.5% that doesn't suggest acute stress.
The composite grade of B+ puts Ethena at the 74th percentile of the rated universe on a weighted blend of fundamentals (35%), on-chain health (25%), momentum (20%), and inverted risk (20%). See the Methodology page for how each pillar is defined.
Every Antelux grade is mechanical: no analyst overrides. Each pillar below shows the exact measured input, and its score is a percentile rank against the other rated coins on that measure, so 90 means it beats 90% of the universe rather than scoring 90 out of 100. Full methodology, weightings, and grade bands are on the Methodology page.
Blends market standing with tokenomics. Rank #76 supports a strong sub-score, and with 66% of max supply already circulating, meaningful future emission still lies ahead.
Antelux began recording daily scores on 2026-08-15. History cannot be back-filled, so this chart fills in from that day forward. Check back in a week.