EtherealMainnet Alpha & Season One Update
The Ethereal Mainnet Alpha will launch on October 20th. This is another exciting step towards bringing our vision of a DeFi everything app powered by USDe to life. Thank you to all the users and community members who have contributed to the development of Ethereal so far. Access will initially be limited to the top 100 users currently on the Ethereal mainnet waitlist. As a reminder, waitlist position is a function of Season Zero participation, referral activity, and other onchain/DeFi wallet ...
EtherealEthena Exchange Points
EtherealSeason One Update
Season Zero RecapLaunch of Season Zero program on Ethereum mainnet in February Integration of eUSDe with major DeFi protocols like Pendle, Aave, Morpho, Spark, Euler, and many others Pre-deposits surpassed $1B with over 30,000 unique depositors Private testnet app released in April 2025 with a small cohort of community members Continuous product improvements including advanced order types, native USDe rewards, and other UI/UX improvements & bug fixes Public testnet app launched in June with s...
Next generation decentralized spot and perpetuals trading powered by USDe.
EtherealMainnet Alpha & Season One Update
The Ethereal Mainnet Alpha will launch on October 20th. This is another exciting step towards bringing our vision of a DeFi everything app powered by USDe to life. Thank you to all the users and community members who have contributed to the development of Ethereal so far. Access will initially be limited to the top 100 users currently on the Ethereal mainnet waitlist. As a reminder, waitlist position is a function of Season Zero participation, referral activity, and other onchain/DeFi wallet ...
EtherealEthena Exchange Points
EtherealSeason One Update
Season Zero RecapLaunch of Season Zero program on Ethereum mainnet in February Integration of eUSDe with major DeFi protocols like Pendle, Aave, Morpho, Spark, Euler, and many others Pre-deposits surpassed $1B with over 30,000 unique depositors Private testnet app released in April 2025 with a small cohort of community members Continuous product improvements including advanced order types, native USDe rewards, and other UI/UX improvements & bug fixes Public testnet app launched in June with s...
Next generation decentralized spot and perpetuals trading powered by USDe.
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We are excited to announce that Ethereal will partner with Pyth in the upcoming launch of Pyth Lazer, bringing unprecedented price feed performance to onchain trading. This collaboration marks a significant milestone in our mission to deliver institutional-grade trading infrastructure secured by Ethereum.
Pyth Lazer represents a quantum leap for onchain price oracles, delivering price updates as fast as 1 millisecond—a 400x improvement over standard oracle solutions. This ultra-low latency perfectly complements Ethereal's high-performance architecture:
Sub-20ms trading latency
1M+ orders per second capacity
1,000+ trades per second throughput
Deep orderbook liquidity
Institutional-grade position management
Together with Ethereal's high performance design, Pyth Lazer's millisecond-level price feeds help bring the user experience of decentralized trading in line with centralized exchanges.
The integration of Pyth Lazer brings several key advantages to Ethereal users:
Broad Market Coverage: Pyth Lazer allows Ethereal to externalize the overhead of oracle infrastructure while maintaining the ability to quickly and efficiently support new markets onchain.
Risk Management: Real-time price data allows for more accurate position monitoring and faster response to market movements.
Improved Funding Calculations: High frequency price feeds improve funding fee calculations elevating user experience to par with centralized venues.
As the first application built natively on the Ethena Network, Ethereal is committed to providing the best possible trading experience while maintaining the core principles of decentralization and self-custody. The integration of Pyth Lazer represents another step toward this goal by providing access to high quality real-time price data for onchain finance.
The integration of Pyth Lazer will be available at launch for all trading pairs on Ethereal. This ensures that from day one, traders will have access to the fastest, most reliable price data available in DeFi.
Stay tuned for more updates as we approach our testnet release and subsequent mainnet launch. Follow us to keep up with the latest developments:
We are excited to announce that Ethereal will partner with Pyth in the upcoming launch of Pyth Lazer, bringing unprecedented price feed performance to onchain trading. This collaboration marks a significant milestone in our mission to deliver institutional-grade trading infrastructure secured by Ethereum.
Pyth Lazer represents a quantum leap for onchain price oracles, delivering price updates as fast as 1 millisecond—a 400x improvement over standard oracle solutions. This ultra-low latency perfectly complements Ethereal's high-performance architecture:
Sub-20ms trading latency
1M+ orders per second capacity
1,000+ trades per second throughput
Deep orderbook liquidity
Institutional-grade position management
Together with Ethereal's high performance design, Pyth Lazer's millisecond-level price feeds help bring the user experience of decentralized trading in line with centralized exchanges.
The integration of Pyth Lazer brings several key advantages to Ethereal users:
Broad Market Coverage: Pyth Lazer allows Ethereal to externalize the overhead of oracle infrastructure while maintaining the ability to quickly and efficiently support new markets onchain.
Risk Management: Real-time price data allows for more accurate position monitoring and faster response to market movements.
Improved Funding Calculations: High frequency price feeds improve funding fee calculations elevating user experience to par with centralized venues.
As the first application built natively on the Ethena Network, Ethereal is committed to providing the best possible trading experience while maintaining the core principles of decentralization and self-custody. The integration of Pyth Lazer represents another step toward this goal by providing access to high quality real-time price data for onchain finance.
The integration of Pyth Lazer will be available at launch for all trading pairs on Ethereal. This ensures that from day one, traders will have access to the fastest, most reliable price data available in DeFi.
Stay tuned for more updates as we approach our testnet release and subsequent mainnet launch. Follow us to keep up with the latest developments:
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