Weekly token unlocks: HYPE leads with about $820 million set for release

News Editor

2026-08-30 04:18:47

This week’s token unlock schedule features EigenLayer, Hyperliquid, and Ethena, with Hyperliquid posting the largest unlock by value. According to the source material, Hyperliquid will unlock 9.91 million HYPE worth about $820 million. Ethena is set to unlock 210 million tokens valued at roughly $33.94 million, while EigenLayer will unlock 36.82 million tokens worth about $7.07 million. The source also includes each project’s official X account, website, and a note that a detailed release curve is provided for every project. Beyond the figures, the article briefly outlines the three protocols: EigenLayer as an Ethereum-based restaking protocol, Hyperliquid as a high-performance blockchain built around a fully onchain open financial system, and Ethena’s USDe design using BTC, stETH, related yield, and short positions in BTC and ETH to maintain its peg and generate yield.

Hyperliquid carries the largest token unlock in this week’s lineup. The source says 9.91 million HYPE are scheduled to be unlocked, with an estimated value of about $820 million.

Weekly token unlocks: HYPE leads with about $820 million set for release 2

EigenLayer

EigenLayer’s X account is listed as https://x.com/eigenlayer and its official website as https://www.eigenlayer.xyz/ . The project is set to unlock 36.82 million tokens worth about $7.07 million.

The source describes EigenLayer as a protocol built on Ethereum that introduces the concept of restaking. It allows ETH to be restaked at the consensus layer. Users who have staked ETH can opt into EigenLayer smart contracts to restake that ETH and extend cryptoeconomic security to other applications across the network.

Weekly token unlocks: HYPE leads with about $820 million set for release 3

A detailed release curve for EigenLayer is also noted in the source.

Hyperliquid

Hyperliquid’s X account is listed as https://x.com/HyperliquidX and its official website as https://hyperfoundation.org/ . The project’s upcoming unlock covers 9.91 million tokens, valued at about $820 million.

The source describes Hyperliquid as a high-performance blockchain built with the goal of creating a fully onchain open financial system. Liquidity, user applications, and trading activity operate together on a unified platform intended to support all financial activity.

Weekly token unlocks: HYPE leads with about $820 million set for release 4

The article also says a detailed release curve is provided for Hyperliquid.

Ethena

Ethena’s X account is listed as https://x.com/ethena_labs and its website as https://www.ethena.fi/ . Its unlock totals 210 million tokens, worth about $33.94 million.

Weekly token unlocks: HYPE leads with about $820 million set for release 5

According to the source, USDe, the algorithmic stablecoin launched by Ethena Labs, currently relies on BTC, stETH, and their native yield as collateral, while also creating short BTC and ETH positions to balance delta. It uses perpetual and futures funding rates to maintain the peg and provide yield. The source summarizes the mechanism as using spot-side yield to offset losses from a 1x short hedge, while still collecting ETH staking yield and short funding fees.

The source also includes Ethena’s detailed release curve.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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