Pendle Token Unlock Schedule
Track PENDLE token unlocks and vesting releases for Pendle. View upcoming unlock dates, cliff schedules, and circulating supply impact.
Produced by Tokenomics.com with data verified by the Pendle team.
Track PENDLE token unlocks and vesting releases for Pendle. View upcoming unlock dates, cliff schedules, and circulating supply impact.
Next Unlock Jul 28, 2026
Detailed breakdown of all scheduled PENDLE token unlocks
Track historical unlock events and their impact on price
The worst price drop in the 14 days after each PENDLE unlock.
Key questions and answers about Pendle token unlocks and vesting schedule
Pendle's token unlock schedule spans from April 27, 2021 to April 28, 2031 (~120 months), releasing a total of 319,368,058 PENDLE tokens across 121 unlock events. The initial circulating supply at TGE was 0% of total supply. As of now, 83.8% of all tokens have been unlocked.
PENDLE has a total supply of 319,368,058 tokens. As of July 2026, approximately 53.6% (171,193,194 tokens) are in circulation per market data, while 16.2% (51,707,034 tokens) remain locked per the vesting schedule.
The next PENDLE token unlock is scheduled for July 28, 2026 (in 22 days), releasing 442,476 tokens (0.1% of total supply). This unlock represents 0.2% of Pendle's current market cap.
Recipient breakdown for this unlock:
Token unlocks increase circulating supply, which can create selling pressure. The largest upcoming PENDLE unlock releases 0.2% of market cap worth of tokens on July 28, 2026. In total, 58 upcoming unlocks will release 28,991,863 tokens (9.1% of total supply).
Larger unlocks relative to market cap tend to generate stronger selling pressure. Unlocks going to investors and insiders are often considered higher-risk for price impact than those going to community or ecosystem pools.
PENDLE token unlocks are distributed to 4 groups: Foundation, Insiders, Private Investors, and Public Investors. The largest allocation (64.6%) goes to Foundation.
Foundation (64.6%) — 206,398,233 PENDLE:
Insiders (18.1%) — 57,762,129 PENDLE:
Private Investors (11.8%) — 37,645,965 PENDLE:
Public Investors (5.5%) — 17,561,731 PENDLE:
All PENDLE tokens will be fully vested by April 28, 2031 approximately 58 months from now. Currently 83.8% of the total supply has been released, with 16.2% (51,707,034 tokens) remaining across 58 future unlock events.
