Ethena (ENA) token unlock schedule
Ethena had released 9.32B ENA by 1 Oct 2026, 62.2% of its 15.0B ENA supply. The next unlock, on 1 Nov 2026, adds 213M ENA (1.4% of the supply), about $44.0M at today's price of $0.21. The last dated unlock is in Jul 2028, and 13.5% of the supply has no dated release.
Ethena tokens released over time
Upcoming Ethena unlocks
| Date | ENA | Of supply | Value today | Goes to |
|---|---|---|---|---|
| 1 Nov 2026Next | 213M | 1.4% | $44.0M | Core Contributors +2 more |
| 1 Dec 2026 | 213M | 1.4% | $44.0M | Core Contributors +2 more |
| 1 Jan 2027 | 213M | 1.4% | $44.0M | Core Contributors +2 more |
| 1 Feb 2027 | 213M | 1.4% | $44.0M | Core Contributors +2 more |
| 1 Mar 2027 | 213M | 1.4% | $44.0M | Core Contributors +2 more |
| 1 Apr 2027 | 213M | 1.4% | $44.0M | Core Contributors +2 more |
| 1 May 2027 | 213M | 1.4% | $44.0M | Core Contributors +2 more |
| 1 Jun 2027 | 213M | 1.4% | $44.0M | Core Contributors +2 more |
| 1 Jul 2027 | 213M | 1.4% | $44.0M | Core Contributors +2 more |
| 1 Aug 2027 | 213M | 1.4% | $44.0M | Core Contributors +2 more |
| 1 Sep 2027 | 213M | 1.4% | $44.0M | Core Contributors +2 more |
| 1 Oct 2027 | 213M | 1.4% | $44.0M | Core Contributors +2 more |
Who receives Ethena tokens
Ethena unlock FAQ
When is the next Ethena unlock?
On 1 Nov 2026, when 213M ENA unlock, 1.4% of the supply, worth about $44.0M at today's price.
How much ENA is unlocked?
9.32B ENA, 62.2% of the supply, by 1 Oct 2026.
When will Ethena be fully unlocked?
The published schedule ends in Jul 2028 with 86.5% of the total supply released; the rest has no dated release.
Who receives the next Ethena unlock?
The 1 Nov 2026 release goes to Core Contributors (93.8M), Investors (78.1M) and Foundation (40.6M).
Who is behind Ethena?
NAUT lists 11 people on the Ethena team and 20 backers, including Binance Labs, BlockTower Capital and CMT Digital.
NAUT builds this schedule from Ethena's published tokenomics, as monthly snapshots of what each allocation holds, so it shows releases on paper, not on-chain transfers. Values use $0.21 on CoinGecko, 28 Oct 2026. Not financial advice. See Ethena on NAUT for its funding, team and contacts.