Ethena

ENA

0x57e1…1e6061

Rank #52

DeFi Liquid StakingView all

Create Alert

Price

$0.119

Burn

--

Buyback

--

Dynamic

No

Claim

$1.45B

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

ENA Tokenomics Update

Track token updates, major events, and tokenomics changes. Stay informed about fundraising rounds, exchange listings, and release logs.

ENA Vesting schedule

v3 · Current

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ENA/USD

Announced Aug 27, 2026 UTC

Updates

Tokenomics Update27 Aug · 14:02

Investor unlocks accelerated to 5 October 2026

Accelerated all remaining investor unlocks to 2026-10-05, as agreed by Ethena and its lead investors: the releases from 2026-11-05 to 2028-03-05 now unlock with the 2026-10-05 release, 1.41B ENA in total.
Kept investor amounts unchanged: the Ethena Foundation bought locked tokens from some investors, but the amount is undisclosed.
Kept Core Contributor vesting unchanged.

Source: Ethena Ecosystem Update (ethena.fi blog) — 2026-08-27 (https://ethena.fi/blog/ethena-ecosystem-update)

ethena.fi

v3 · this update

before

Fundraising1 Oct 2025

announced a Strategic Round of $14.00M led by MEXC

blog.mexc.com

Exchange Listing17 Sep 2025

listed ENA/USDT futures on OKX

okx.com

Exchange Listing17 Sep 2025

listed ENA/USDT spot on OKX

okx.com

Exchange Listing12 Jun 2025

listed ENA/USDC spot on Bybit

bybit.com

Exchange Listing25 Mar 2025

listed ENA/USDC spot on KuCoin

kucoin.com

Fundraising12 Mar 2025

announced a Strategic Round of $16.00M led by MEXC

globenewswire.com

Fundraising24 Feb 2025

announced a Private Round of $100.00M

bloomberg.com

theblock.co

Exchange Listing24 Jan 2025

listed ENA/USDC spot on MEXC

mexc.com

Exchange Listing30 Dec 2024

listed ENA/USDT futures on HTX

huobi.com

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Token Information

Last updated 11/15/26 07:30 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 December 2, 2026, released to Foundation.

How much Ethena supply is currently unlocked?

As of today, approximately 10,785,937,500 Ethena has been unlocked, which is 71.91% of Ethena’s total supply. Float is 71.91% 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 13,500,000,000 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 $1,777,485,000 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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