Ripple’s RLUSD Leads Ethena’s USDe in Seven-Day DEX Trading Volume

Ripple USD (RLUSD) recorded $56 million more decentralized exchange (DEX) trading volume than Ethena’s USDe in a seven-day comparison shared Nov. 9. The ranking listed $127.4 million for Ripple and $71.4 million for Ethena. Those figures measure seven-day DEX trading volume for RLUSD and USDe. DEX volume measures the value of trades executed on decentralized spot exchanges. RLUSD had $2.6329 billion in circulation as of Nov. 5. USDe supply stood at $4.94 billion as of Sept. 30. Those figures measure token supply on different dates, so they are not a same-day size comparison or a measure of DEX activity. The ranking covers a different period and measure from RLUSD swaps on the XRP Ledger , which totaled $1.65 billion through Oct. 20.

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