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Ethena Price:

$0.244 -2.37%

🏦 Market Cap $2.46B

💰 FDV $3.66B

📊 Volume $533.81M

📈 ATH Price $1.52

Website

Top Investor

YZi Labs (Prev. Binance Labs) Incubation

+12

Unlock Progress

Progress

38.23% 548 Days left

Docs

Whitepaper

Dr.Drops 🔥 -> Updates on Hottest Crypto Events -> Join Community ✅ Ad

Ethena (ENA)

Past

Total Raise: $20.5M

Date: 19 Jul, 23 - 24 Sep, 25

Ethena is a derivative infrastructure provider designed to revolutionize Ethereum into the first crypto-native yield. It utilizes complex hedging techniques to bolster the liquidity of its stablecoin without reliance on the banking system.

The company’s ambition towards independence from the banking financial system has stirred up a lot of speculative rumors about the project among the investors and crypto community. In turn, the project concept and its initial idea got strong support from Arthur Hayes in his essay series called “Dust on Crust”.

Over the past year, Ethena Labs hosted several funding rounds, raising over $20.5M from tier 1 funds, such as Binance Labs, Dragonfly and others.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Ethena Token Unlocks

Core Contributors 30%

Type: Cliff

548 days left

60.42%

Unlocked 2.72B / 4.5B ENA

Value Locked $434.53M

Unlock Today $22.87M 93.75M ENA 0.63% of Total Supply 2.1% of Core Contributors Supply 0.93% of Market Cap

Investors 25%

Type: Cliff

548 days left

60.42%

Unlocked 2.27B / 3.75B ENA

Value Locked $362.11M

Unlock Today $19.06M 78.13M ENA 0.52% of Total Supply 2.1% of Investors Supply 0.77% of Market Cap

Airdrop Season 1 5%

Type: Cliff

Unlocked on 02 Apr, 24

100%

Unlocked 750M / 750M ENA

Value Locked $0

Untracked 40%

Data unavailable.
Tokens may be unlocked at any moment.

N/A

Unlocked N/A / 6B ENA

Value Locked N/A

Ethena Unlocking Events

Date	Total Unlocked	% Max Supply	Allocations
2026-10-02	171.88M ENA $41.93M	1.1%	2 Rounds
2026-11-02	171.88M ENA $41.93M	1.1%	2 Rounds
2026-12-02	171.88M ENA $41.93M	1.1%	2 Rounds
2027-01-02	171.88M ENA $41.93M	1.1%	2 Rounds
2027-02-02	171.88M ENA $41.93M	1.1%	2 Rounds
2027-03-02	171.88M ENA $41.93M	1.1%	2 Rounds
2027-04-02	171.88M ENA $41.93M	1.1%	2 Rounds
2027-05-02	171.88M ENA $41.93M	1.1%	2 Rounds
2027-06-02	171.88M ENA $41.93M	1.1%	2 Rounds
2027-07-02	171.88M ENA $41.93M	1.1%	2 Rounds
2027-08-02	171.88M ENA $41.93M	1.1%	2 Rounds
2027-09-02	171.88M ENA $41.93M	1.1%	2 Rounds
2027-10-02	171.88M ENA $41.93M	1.1%	2 Rounds
2027-11-02	171.88M ENA $41.93M	1.1%	2 Rounds
2027-12-02	171.88M ENA $41.93M	1.1%	2 Rounds

1-15 from 19

Ethena Vesting Schedule

Round	TGE Unlock	02 Apr, 24	02 Apr, 25	02 May, 25
Core Contributors4.5B ENA	0%	Cliff 1 year	Cliff Unlock - 25% 100% - 1.13B ENA	Linear Unlock - 75% 47.22% - 1.59B ENA Lock: 52.78%
Investors3.75B ENA	0%	Cliff 1 year	Cliff Unlock - 25% 100% - 937.5M ENA	Linear Unlock - 75% 47.22% - 1.33B ENA Lock: 52.78%
Airdrop Season 1750M ENA	100%	Vested at TGE - 100% 100% - 750M ENA
Untracked6B ENA	N/A	Data unavailable. Tokens may be unlocked at any moment.

FAQ about Ethena Vesting

What are ENA token unlock dates?

Next token unlocks for ENA will occur on 02 November, 2026 for Core Contributors, Investors, for a 171.88M ENA, which is 0.28% of max supply.

This unlock was allocated as follows::

Core Contributors - 93.75M ENA ($23.16M)
Investors - 78.13M ENA ($19.3M)

What is the vesting schedule for ENA allocations in 2026?

First ENA unlock in 2026 happened on 02 January, 2026 for Core Contributors, Investors rounds.

Allocations were distributed as follows: 02 January, 2026 – 171.88M ENA

Core Contributors - 93.75M ENA ($23.16M)
Investors - 78.13M ENA ($19.3M)

5.91B ENA were already unlocked on 02 October, 2026, which is 39% of the total ENA supply.

When are the upcoming Ethena (ENA) token unlocks for 2027?

A: In 2027, the first ENA unlock is planned on 02 January, 2027 for Core Contributors, Investors, for a total amount of 171.88M ENA. You can find the full ENA unlock schedule for 2027 in the vesting section of the Ethena CoinLaunch profile.

When did the ENA token launch?

The ENA token launch for Ethena occurred on 02 April, 2024. This is the TGE date of ENA, after which ENA tokens became transferable. As of today, the total of 39% ENA (5.91B tokens) were unlocked.

When is the Ethena (ENA) token unlock in November 2026?

Next ENA unlock in November 2026 will happen on 02 November, 2026, releasing tokens for Core Contributors, Investors, 171.88M ENA were distributed as follows:

Core Contributors - 93.75M ENA ($23.16M)
Investors - 78.13M ENA ($19.3M)

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