Exchange record
Ethereal
Non-custodial decentralized exchange and application-specific chain offering perpetual-futures trading with USDe-based collateral and an expanding spot and DeFi product stack.
DEXActive
Also known as: Ethereal DEX, Ethereal Exchange
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Key facts
Launch date
—
Death date
—
Years
—–—
Origin
Ethereal / Ethena ecosystem
Confidence
high
Last verified
2026-07-18
URL handling
Preferred action
Use current URL handling based on status below.
URL status
Live verified
Original URL
Archived URL
Summary
Non-custodial decentralized exchange and application-specific chain offering perpetual-futures trading with USDe-based collateral and an expanding spot and DeFi product stack.
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Notes and record state
Record note
Current first-party documentation describes Ethereal as a non-custodial perpetuals DEX and EVM application chain with USDe collateral, sequencer-based order matching, onchain settlement, and planned spot and broader DeFi products. Current independently maintained metrics report non-zero perpetual volume, TVL, fees, revenue, and open interest. No exact launch date, legal jurisdiction, predecessor, successor, or terminal lifecycle fact is asserted.
Revision state
Records may be incomplete, approximate, contested, or revised as better evidence becomes available.
This record may be incomplete or revised. Dead-side entries prefer archived URLs over original domains. Dates, causes, and classifications may change when stronger evidence becomes available. Contact / corrections
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