# Ripple’s RLUSD Leads Ethena’s USDe in Seven-Day DEX Trading Volume By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/53157 Published: 2026-11-10T14:37:01.000Z Updated: 2026-11-10T14:37:01.000Z Section: Investing > A Nov. 9 comparison listed $127.4 million for RLUSD and $71.4 million for USDe, a $56 million gap. Ripple USD (RLUSD) recorded $56 million more decentralized exchange (DEX) trading volume than Ethena’s USDe in a seven-day comparison shared Nov. 9. The ranking listed $127.4 million for Ripple and $71.4 million for Ethena. Those figures measure seven-day DEX trading volume for RLUSD and USDe. DEX volume measures the value of trades executed on decentralized spot exchanges. RLUSD had $2.6329 billion in circulation as of Nov. 5. USDe supply stood at $4.94 billion as of Sept. 30. Those figures measure token supply on different dates, so they are not a same-day size comparison or a measure of DEX activity. The ranking covers a different period and measure from [RLUSD swaps on the XRP Ledger](), which totaled $1.65 billion through Oct. 20. ## Links in this article - [RLUSD swaps on the XRP Ledger](https://www.tokenpost.com/news/investing/52430)