NAV per share vs share price
$25.82 / $12.32
Token NAV per shareUSDE share price
EthenaPay
AVALANCHE / USDeFrom onchain balance to everyday spending.
Source updated · 2026-10-13 19:50 UTC
USDe in card wallets
$6.45M
Capital held across 1,263 funded card wallets.
Card spend / 30d
$2.41MRolling 30-day total
Active wallets / 7d
753Wallets with a spend event
Funded wallets
1,263Currently holding USDe
Ever spent
984Distinct card wallets
01 /
Card activity
02 /Capital in motion
Balances and transfers
USDe in card wallets
$6.45MCombined balance across all card wallets
Deposits & withdrawals
DepositsWithdrawals
$15.88M
$6.44M
$3.17M
$152.5K
Transfers exclude card purchases, refunds and rewards. Daily and headline queries are separate snapshots and may differ slightly. Where EthenaPay deposits go ↗
03 /Wallet participation
Creation, funding and spending are distinct measures
Wallets created
14,922Cumulative deployed card wallets
Daily spending wallets
424 latest dayDistinct wallets with a successful spend event each day
Three measures of participation
Created · all time14,922
Holding USDe · snapshot1,263 · 8.5%
Ever spent984 · 6.6%
Percentages use created wallets as the denominator. These are not sequential funnel stages.
Balance concentration
52.9%
Of USDe balances belong to the top 10 wallets.
Top 10 walletsAll other wallets
Read balance growth alongside participation: changes in a few large wallets can move the total.
Average funded balance$5,109
934
753
4,040
40,107
04 /Cardholder rewards
$115.6K
Cashback + balance yield paid / all time
Cashback
$96.0KPaid in AVAX · dollar value when paid
Balance yield
$19.5KPaid in USDe on card balances
927Distinct wallets / all time
1,207Distinct wallets / all time
3.0%Paid cashback / spend
4.2%Annualized historical rate
Historical realized rates are derived by the source query. They are not advertised or guaranteed future rates. Read the realized rewards analysis ↗
Daily observations · last 10 days
| Date | Spend | Spend events | Active wallets | USDe held |
|---|---|---|---|---|
| 2026-10-13 | $121,519.43 | 1,100 | 424 | $6,452,826.16 |
| 2026-10-12 | $100,605.07 | 1,277 | 437 | $6,327,318.36 |
| 2026-10-11 | $77,253.22 | 1,325 | 438 | $5,985,275.68 |
| 2026-10-10 | $91,115.72 | 1,413 | 443 | $4,970,014.84 |
| 2026-10-09 | $71,567.53 | 1,375 | 419 | $4,971,870.06 |
| 2026-10-08 | $80,186.85 | 1,357 | 409 | $4,335,318.03 |
| 2026-10-07 | $68,816.78 | 1,333 | 386 | $4,388,460.22 |
| 2026-10-06 | $86,094.65 | 1,371 | 393 | $4,302,706.20 |
| 2026-10-05 | $87,087.69 | 1,250 | 382 | $3,980,154.11 |
| 2026-10-04 | $92,889.57 | 1,190 | 377 | $3,939,522.21 |
Methodology & definitions
Card spend sums successful USDe AllowanceSpent events emitted by user wallets on Avalanche C-Chain, filtered to the current and retired settlement addresses. Spend counts count individual log events, not distinct transaction hashes: one transaction can contain events from many wallets. The settlement-to-issuer transfer is excluded to avoid double-counting. Failed batch items emit no spend event. Median and average purchase amounts are omitted; these onchain events are not a verified receipt-level purchase dataset. Deposits and withdrawals measure transfers into and out of card wallets, excluding purchases, refunds and rewards. Wallets created are deployed addresses, not verified individual users. Holding USDe is a snapshot balance test; ever spent is an all-time count. Daily spending wallets and rolling active-wallet counts use different windows and must not be summed.
Headline rolling windows follow the source query. The newest daily observation may be partial. Charts preserve observed dates; missing observations are not inserted as zero. Cumulative charts retain their all-time baseline when the visible range changes. The top-10 concentration figure is from the headline snapshot.
Sources & refresh information
Avalanche C-Chain data through Dune. The dashboard checks the repository feed every five minutes. Dune refreshes follow the repository pipeline; the update time above describes the source data, not your browser refresh. A notice appears when this feed is more than 36 hours old.