1. Home
  2. Perp DEX List
  3. Ethereal
Perp DEX Pre-TGE EVM MetaMask

🏐 How to Use Ethereal β€” From Deposit to Trading

Privacy coin Perp DEX built on USDe (Ethena) β€” trade XMR, ZEC and more with no KYC

πŸ’‘ Before you deposit
How to deposit into Ethereal

Ethereal accepts USDT or USDC on Arbitrum One.
Swap your ETH to USDC on OKX DEX before depositing.

Open OKX DEX β†’

What is Ethereal?

Ethereal has the following features and advantages.

ℹ️
Status as of 2026: Pre-TGE Perp DEX β€” points program is active.
  • πŸͺͺ No KYC β€” Use without identity verification
  • πŸ›‘οΈ Privacy coins available β€” Trade privacy coins like XMR (Monero) and ZEC (Zcash)
  • πŸ’° Pre-TGE airdrop opportunity β€” Earn points now to maximize allocation at TGE
Pre-TGE
Status
USDT / USDC
Collateral
Arbitrum One
Supported networks

About Ethereal

Ethereal is a Perp DEX designed around USDe (Ethena's stablecoin) as a DeFi all-in-one app. It runs as an EVM appchain combining Arbitrum One settlement, Arbitrum execution, and Celestia data availability. Ethereal delivers institution-level trading speed and liquidity. Currently pre-TGE with an active airdrop points program.

How to Get Started with Ethereal

1
Install MetaMask wallet
MetaMask is a browser extension wallet for EVM chains.

2
Buy ETH on a CEX
Buy ETH on a centralized exchange (e.g., Binance, Coinbase, Kraken) and withdraw to your MetaMask wallet on Arbitrum One.
3
Swap ETH to USDC on OKX DEX
Swap ETH to USDC using OKX DEX on Arbitrum One.

πŸ”„ Open OKX DEX β†’
4
Deposit into Ethereal and start trading
Connect your wallet to Ethereal and deposit to start trading. Earn points by trading to maximize your airdrop allocation at TGE.

Sign up for Ethereal

Pre-TGE β€” points program is active. Earn points now.

🏐 Open Ethereal β†’

Referral link coming soon

Visual of a privacy-coin Perp DEX trading dashboard for Ethereal

FAQ

Ethereal is a pre-TGE Perp DEX built around USDe (Ethena's stablecoin) as a DeFi all-in-one app. It runs as an EVM appchain combining Arbitrum One settlement, Arbitrum execution, and Celestia data availability. Privacy coins such as XMR (Monero) and ZEC (Zcash) are available for trading with no KYC required.

ETH (Ethereum), XRP (Ripple), BTC (Bitcoin), SOL (Solana), HYPE (Hyperliquid), ZEC (Zcash), ENA (Ethena), SUI (Sui), FARTCOIN, XMR (Monero), AAVE (Aave), LIT (Lighter), PUMP (pump fun), MON (Monad), BERA (Berachain), and more.

You can check your points from the "Points" menu on the Ethereal site after connecting your wallet.

No official date has been announced. The points program is currently running. Accumulating more points now may translate to a better airdrop allocation at TGE.

Gas fees on Arbitrum One are very low β€” typically just a few cents per transaction. Keeping around 0.001 ETH in your wallet is more than enough to cover fees.