What is Ethereal?

Ethereal is a decentralized exchange offering both spot and perpetuals trading, built on the Ethena Network and natively collateralized with USDe. By combining on-chain security with off-chain execution speed, Ethereal delivers CEX-grade performance while preserving DeFi trustlessness. Its hybrid architecture tackles one of DeFi’s core limitations—latency—without compromising decentralization. As a foundational layer within the Ethena ecosystem, Ethereal enhances trading efficiency and contributes to broader network liquidity and adoption.

DEX Liquidity Staking&Deposit Swap&Bridge Trading