Ethena (ENA) | Tokenomics & Vesting Schedule

Get Pro

Ethena

ENA

0x57e1…1e6061

Rank #79

DeFi ApplicationView all

Price

$0.092

Burn

--

Buyback

--

Dynamic

No

Claim

$1.10B

Raise Amount

$164.50M

Version 9

Updated: 12 Apr 2026

Version 9

Updated: 12 Apr 2026

Ethena Updates

Trending Tokens

Token Information

Last updated 04/13/26 13:15 PM

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 May 2, 2026. Released to Core Contributors.

How much Ethena supply is currently unlocked?

As of today, approximately 8,759,375,000 Ethena which is 58.40% 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 8,759,375,000 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 $1,381,725,000 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 Research

Explore more

Weekly Unlocks Digest

Weekly Unlock Digest: Apr 13–19, 2026 | Slight Macro Relief

Unlocks Insights is moving to Tokenomist Research! 🚀

Apr 7, 2026

5 min read

Weekly Unlocks Digest

Weekly Unlock Digest: Apr 6–12, 2026 | $HYPE Committed Claim Strategy

Apr 6, 2026

3 min read

$TAO

Bittensor and Subnets: How the Emission Engine Works

Apr 2, 2026

3 min read

Tokenomist Research

Explore more

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

Research

Data Service & Consulting

Company

Social

Feedback & Token Request

Career

Ethena

--

--

No

$1.10B

$164.50M

Ethena Updates