Ethena

ENA

0x57e1…1e6061

Rank #41

DeFi ApplicationView all

Price

$0.180

Burn

--

Buyback

--

Dynamic

No

Claim

$2.20B

Raise Amount

$164.50M

Version 3

Announced: 27 Aug 2026

Overview Tokenomics Unlock Events Competitor Analysis Fundraising Claimed Updatesv3

Version 3 - Announced: 27 August 2026

Notable Release Event

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Notable Cliff Release Events

Date	Value	Release %	Allocation	Release

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Token release event data is provided for informational purposes only. Actual release times and amounts may vary.

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Trending Tokens

Token Information

Last updated 11/05/26 01:43 UTC

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 November 5, 2026, released to Core Contributors.

How much Ethena supply is currently unlocked?

As of today, approximately 10,692,187,500 Ethena has been unlocked, which is 71.28% of Ethena’s total supply. Float is 71.28% of max supply (excluding burned tokens). 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 13,406,250,000 tokens, the total supply is 15,000,000,000 tokens, and the max supply is 15,000,000,000 tokens. The total supply is all tokens that have been or will be created, including those that are still locked. The max supply is the max amount of tokens to ever be in circulation. Since no Ethena tokens have been burned, the max supply is equal to the total supply.

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

Ethena’s FDV is $2,723,370,000 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.

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Tokenomist has recorded six versions of JUP's unlock schedule since the token launched on January 31, 2024. The last two changes, in November 2025 and February 2026, cut the JUP due over the following year by 500 million and then 910 million tokens.

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Unlocks Activity

Unlocks Activity in November 2026

November's combined leaderboard was topped by BTC's linear release, with HYPE's cliff event second and RAIN third — the only three unlocks above $300M.

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Press & Mentions

See all press & mentions

3 Token Unlocks to Watch in the Second Week of July 2026

BeInCrypto · Jul 5, 2026

Source: official website

3 Token Unlocks to Watch in the Second Week of July 2026

3 Token Unlocks to Watch in the Second Week of June 2026

BeInCrypto · Jun 7, 2026

Source: official website

3 Token Unlocks to Watch in the Second Week of June 2026

Press & Mentions

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