HostSYRUPUSDC vs USDE — price, size and safety, side by side
SYRUPUSDC (Solana) vs USDE (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-10-16 / 2026-10-16.
SYRUPUSDC vs USDE — normalized performance, 2026-09-08 to 2026-10-16T21:15:32
| SYRUPUSDC | USDE | |
|---|---|---|
| Price | $1.19 | $0.9996 |
| Market cap | $98.76M | $4.80B |
| 24h volume | $481.98K DEX | $15.40M DEX |
| Liquidity | $11.21M | $13.17M |
| FDV | $98.76M | $4.80B |
| Holders | 3,757 | 48,976 |
| Age (days) | — | 84 |
| Safety grade | A | B |
Where they differ
- USDE measures ~49× the market cap of SYRUPUSDC
- USDE measures ~32× the 24h volume of SYRUPUSDC
- USDE measures ~13× the holder count of SYRUPUSDC
What the data says
SYRUPUSDC
Syrup USDC on Solana is Maple Finance's yield-bearing dollar bridged to this chain — the deposit token that earns institutional lending yield while circulating as a stable unit, one of the "your stablecoin pays you" class. The mint AvZZF1YaZDziPY2RCK4oJrRVrbN3mTD9NL24hPeaZeUj is the Solana deployment; our October 6, 2026 snapshot reads $11.2 million of tracked pool liquidity and grades it A.
The honest mechanics: syrupUSDC's yield comes from Maple's lending book — real borrower demand paying real interest, which is a step up from incentive-printed yield — but it means the token's return is only as good as Maple's loan underwriting, and the bridged Solana form adds the bridge's custody between the holder and that book. The A grade covers the Solana contract state; the lending book is an off-chain fact.
USDE
USDe is Ethena's synthetic dollar — a stablecoin that holds its peg not with bank deposits but with a delta-neutral trade: spot crypto collateral (staked ETH, liquid stables) hedged by short perpetual futures, so the portfolio's dollar value stays flat whatever the market does. The contract 0x4c9edd5852cd905f086c759e8383e09bff1e68b3 is the canonical Ethereum deployment — USDe also exists on Solana under a different mint, where it is one of the deeper stable pools in our corpus. Our October 9, 2026 read shows $13.2 million of tracked pool liquidity on the mainnet venues.
The honest mechanics: USDe's yield is not magic — it is the funding-rate spread between staking yield and the perp market's willingness to pay longs, and that spread can and does go negative. When funding flips, Ethena pays the hedge instead of earning it, and the carry can invert into a slow bleed. The second layer is counterparty: the short positions sit on offshore exchanges through settlement custody, so exchange failures or frozen collateral are real, non-theoretical risks — the design survived the October 2025 liquidation cascade, which is evidence, not a guarantee. It is also not the same risk shape as UST: USDe is fully collateralized at inception; the failure mode is a sustained negative-funding grind plus a custody break, not a mint-redeem death spiral.
FAQ
Which is bigger, SYRUPUSDC or USDE?
By tracked market cap: SYRUPUSDC (Solana) measures $98.76M and USDE (Ethereum) measures $4.80B — dated snapshots, not a live feed.
Which is safer, SYRUPUSDC or USDE?
On the contract checks we publish: SYRUPUSDC (Solana) grades A and USDE (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have SYRUPUSDC and USDE performed over the shared window?
Between 2026-09-08 and 2026-10-16T21:15:32, the measured snapshots show SYRUPUSDC at +0.54% and USDE at +0.00%.
The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-08→2026-10-16T21:15:32; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a HostDeFi product.