Ethena (ENA) | Tokenomics, Supply & Release Schedule

Get Pro

Ethena

ENA

0x57e1…1e6061

Rank #70

DeFi ApplicationView all

Price

$0.111

Burn

--

Buyback

--

Dynamic

No

Claim

$1.25B

Raise Amount

$164.50M

Version 9

Updated: 20 Feb 2026

Version 9

Updated: 20 Feb 2026

Fundamentals

USD (Value)

Amount

Reported Market Cap

$914.31M

USD

Adjusted Market Cap

Tokenomist Metric

$848.38M

USD

Fully Diluted Value

Tokenomist Metric

$1.67B

USD

Float %

50.82%

Upcoming Unlocks

Emission

Breakdown by

Cliff Unlock

Linear Release

Deflation

Allocations

Group Allocations

Loading...

Allocation Name	% of Allocation	Total Amount (ENA)

3/4

Loading...

Metrics

ENA/USD

BTC/USD

Release Schedule

Want to integrate this data?

Explore our API

Chart time is displayed in UTC+0

Trending Tokens

Unlocks Insight

Explore more

Weekly Unlocks Digest

Weekly Token Unlocks Digest: Feb 16–22, 2026 | Insider Unlocks and Emission Shifts

In this report, we break down $ZRO and $YZY unlock risks, Backpack’s growth-triggered TGE model, USDai’s $CHIP public sale mechanics, and Jupiter’s latest tokenomics proposal — and what each means for forward supply dynamics.

Feb 16, 2026

5 mins read

Weekly Unlocks Digest

Weekly Token Unlocks Digest: Feb 9 –15, 2026 | Risk-Off Market

In this environment, this week’s report breaks down what’s moving beneath the surface — from $HYPE’s resilience through unlocks, $PUFFER’s supply pressure, $RNBW’s TGE structure, MegaETH’s KPI-gated launch, to Polymarket’s $POLY airdrop signals.

Unlocks Activity in February 2026

As the market moves into February 2026, a fresh wave of liquidity is set to emerge from a diverse range of projects across the security, AI-DeFi, and Bitcoin-native finance segments.

Feb 3, 2026

7 mins read

Weekly Unlocks Digest

Weekly Token Unlocks Digest: Feb 2–8, 2026 | Hawkish Fed Fears, $HYPE Unlock Pressure

Against this backdrop, this report breaks down $HYPE’s largest unlock yet despite strong price gains, $BERA’s outsized unlock relative to circulating supply, and Optimism’s move to introduce $OP token buybacks.

Feb 2, 2026

4 mins read

Unlocks Insight

Explore more

Token Information

Last updated 02/21/26 04:32 AM

What is the Ethena token vesting schedule?

Ethena follows a vesting schedule with allocations to the Core Contributors, Ecosystem Development, Investors, Foundation and Binance Launchpool. Most allocations are released through a cliff mechanism. The full unlock schedule extends into 2028.

When is the next Ethena unlock?

The next unlock for Ethena is scheduled for March 2, 2026. Released to Core Contributors.

How much Ethena supply is currently unlocked?

As of today, approximately 8,225,000,000 Ethena which is 54.83% of Ethena's total supply has been unlocked. The remaining tokens are still locked and will be released according to the vesting schedule.

Is Ethena vesting cliff or linear?

Ethena uses cliff vesting, especially for Core Contributors allocations. This means tokens are released all at once after a set waiting period, creating a delayed but significant supply event.

What is the difference between Ethena circulating and total supply?

The circulating supply of Ethena is 8,225,000,000 tokens and the total supply is 15,000,000,000 tokens. The total supply is the max amount of tokens to ever be in circulation, including those that are still locked.

What is Ethena's FDV (Fully Diluted Valuation)?

Ethena’s FDV is $1,669,290,000 which reflects the market value if all 15,000,000,000 tokens were unlocked. This figure helps estimate long-term dilution risks.

How is Ethena allocated across stakeholders?

The Ethena allocation includes Core Contributors at 30.00%, Ecosystem Development at 28.00%, Investors at 25.00%, Foundation at 15.00% and Binance Launchpool at 2.00%.

Has Ethena price dropped after past unlocks?

Historically, Ethena has shown low volatility 7 days after the past unlock. The price impact depends on who receives the unlocked tokens and market conditions.

How can I track upcoming Ethena unlocks?

Tokenomist provides an up-to-date vesting chart and unlocks monitor that shows upcoming unlocks for Ethena, with visibility for each allocation and amount.

Tokenomist.ai provides a complete solution for supply-side tokenomics data. Analyze future token emissions, track vesting schedules, and compare standardized tokenomics and allocation across projects to gain actionable insights

Product

Tokenomist Pro

Tokenomist API

Unlocks Insights

Data Service & Consulting

Company

Social