Ethena Labs (USDTB) vs Waves — how do they compare? Ethena Labs (USDTB) trades at Rp17,873 (market cap Rp6,4T, Rp56,44M 24h volume), while Waves trades at Rp3,521 (market cap Rp542,7M, Rp54,88M 24h volume). The key difference: Ethena Labs (USDTB) is far larger — about 11792.9× Waves's market cap, and Ethena Labs (USDTB)'s circulating supply is 358M USDTB versus 133,5M WAVES for Waves. Which is the better fit depends on your goals — on Pluang, investors hold Ethena Labs (USDTB) for 26 Days and Waves for 74 Days on average.
| USDTB | WAVES | |
|---|---|---|
Market Cap | Rp6,4T | Rp542,7M |
Volume (24h) | Rp56,44M | Rp54,88M |
Circulating Supply | 358M USDTB | 133,5M WAVES |
Typical Hold Time | 26 Days | 74 Days |
What Pluang investors did over the last 30 days
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USDtb is a fiat-backed stablecoin pegged to the US dollar, similar to USDC or USDT, with unrestricted transferability. Backed primarily by BlackRock’s BUIDL (90% of reserves), it holds the highest BUIDL allocation of any stablecoin, enabling unmatched scalability.
Read more on USDTB →Waves is a versatile blockchain platform that supports decentralized applications (DApps) and smart contracts. Launched in June 2016 after one of the earliest ICOs, Waves aimed to enhance speed, utility, and user-friendliness compared to earlier blockchain platforms. The platform has evolved with various updates and features over time. Its native token, WAVES, has an uncapped supply and is used for payments like block rewards.
Read more on WAVES →