We are about to enter the fourth quarter of 2026. ALLO and HUMA will see their first concentrated unlock of team- and investor-related allocations in November; DBR and ZRO will continue releasing on a quarterly and monthly basis; ENA is moving its remaining investor allocation forward to a one-time release on October 5. Story (now renamed DATA) and 0G have extended their internal lock-up periods, while JUP has pushed its net supply down through burns, paused emissions, and buybacks. This article, combining RootData data and project announcements, reviews recent unlock schedules and the tokenomics changes over the past two years.
1. Popular Tokens About to Unlock
The current round of releases for ALLO and HUMA is a Cliff, i.e., the first concentrated unlock after the end of the lock-up period; DBR and ZRO release on fixed cycles. The table below uniformly lists the percentage of maximum supply, while the main text separately lists the percentage of circulating supply at the time of verification. Circulating supply changes, so the latter may differ from the ratio on the unlock date.
Q4 Major Unlock Events
Allora ALLO: First Internal Unlock of About 160 Million Tokens
Allora is a decentralized AI network. Investors and core contributors received 31.05% and 17.5% of total supply respectively; after the one-year lock-up period ends, each releases 33% of their allocation, totaling about 160.2 million tokens. Based on the approximately 250 million circulating supply listed by the calendar platform, this unlock is equivalent to about 64% of the existing circulating supply; including ecosystem and other batches in the same period, the calendar total is about 163.9 million tokens.
This newly transferable allocation is mainly held by investors and core contributors, and is relatively large compared with the existing circulating supply. Allora already has a mainnet and a funding base, but this material still lacks continuous paid demand and revenue data, so the business's ability to absorb the new supply is temporarily difficult to quantify. The actual amount sold also depends on how these holders handle their allocations. Source: ALLO official rules.
Huma HUMA: Internal Unlock Delayed by Six Months
Huma focuses on PayFi, i.e., providing financing and liquidity for real payments. The first unlock for the team, advisors, and major investors has been postponed from 2026-05-26 to 2026-11-26. These allocations total 39.9% of total supply; estimated to be released evenly over the following 12 quarters, the first internal batch is about 332.5 million tokens; including other categories in the same period, the calendar total is about 459 million to 479 million tokens, or about 4.59% to 4.79% of the 10 billion maximum supply.
Huma's business revolves around real payments, and the six-month delay pushes back the circulation time of internal allocations. However, the current payment scale cannot yet be directly converted into demand to buy HUMA, and how much value the token can capture from business growth still depends on usage and value distribution mechanisms. This adjustment only involves some internal allocations; ecosystem and treasury categories still release according to their own schedules. Source: HUMA token rules.
deBridge DBR and LayerZero ZRO: Quarterly and Monthly Unlocks
This quarterly unlock for DBR is about 618.3 million tokens, about 10.44% based on the circulating supply on the calendar platform at the time, with similar quarterly batches to follow. deBridge provides cross-chain trading and asset transfer matching; funds do not need to remain in the protocol for long periods, so TVL (total value locked) is therefore difficult to fully reflect business scale. The protocol already has fee revenue and buybacks; continued unlocks and buyback purchases will simultaneously affect market supply and demand. Source: DBR official rules.
ZRO's monthly unlock is about 23.63 million tokens, about 6.69% based on the platform's circulating supply at the time. LayerZero provides cross-chain messaging infrastructure; the official team has disclosed buybacks and re-locking of some investor allocations, as well as buyback arrangements related to Stargate revenue. The former delays the sellable time of some allocations, while the latter increases token purchase demand; this material is not yet sufficient to confirm the proportion of monthly releases covered by buybacks. Source: ZRO official explanation.
This RootData front-end export has 90 samples after deduplication by token, of which 87 have a valid "next unlock value percentage," and 16 are at or above 10%, about 18.4%. This field is close to the ratio of unlock value to circulating market cap, reflecting supply scale rather than expected price decline. The "next batch" recorded in the snapshot and the large internal unlocks discussed in this article may also correspond to different dates.
Unlock Schedules for Other Projects
LAYER's ecosystem quarterly releases run in parallel with continuous releases from the team and investors, with subsequent supply distributed across different batches.Official rules, calendar. VANA's Vega upgrade involves products and technology; the supply and emission rates did not change accordingly, and the original releases will continue.
Humanity (H) experienced a security incident and token migration in June 2026. The correspondence of tokens before and after the migration and changes in trading depth make comparisons of its price and circulating supply more complex.Official whitepaper, calendar updates, official recovery page. The supply rule adjustments for LISTA and STABLE are covered in Part Two.
Continuous Release Projects
Source:JTO rules, JUP plan, APT calendar, SUI plan, SUI plan data, W official announcement.
In addition, the delayed unlock start date for the UNITE team is 2026-09-30, and ENA's accelerated release schedule is 2026-10-05.
II. Popular Projects That Changed Their Tokenomics in the Past Two Years
In the past two years, several tokenomics adjustments changed the original unlock schedules: UNITE and Story postponed the release of insider allocations, BABY spread out a concentrated unlock into monthly releases, and ENA accelerated the release of some investor allocations. Burns, permanent locks, and buybacks respectively changed the total supply, the circulating amount, or market buy demand. The following is organized by type of adjustment, distinguishing between arrangements already executed and those still pending.
Postponements and Extended Lockups
In November 2025, UNITE passed governance to shift the unlocks for investors, the team, and advisors back by 8 months overall. The new start dates are 2026-07-30 for investors, 2026-09-30 for the team, and 2026-08-30 for advisors. After that, the respective release durations and total allocation amounts remain unchanged; the supply simply enters circulation later.
In June 2026, Story announced a rebrand to DATA Network and a 1:1 token migration to DATA. Insider holdings were first postponed from 2026-02-13 to 2026-08-13, and then the board approved a further 18-month postponement to 2028-02-13. The two postponements changed the circulation timing of insider allocations, while the total supply, distribution, and ownership remained unchanged.
HUMA postponed its first insider unlock by 6 months to 2026-11-26, while the ecosystem and treasury still have other releases. SAHARA postponed investor allocations by 3 months to 2026-09-26, and founder, core team, and advisor allocations by 6 months to 2026-12-26. The adjustments cover only the aforementioned recipients.
In September 2026, 0G adjusted allocations totaling about 44% for the team and early investors. The first release was postponed from 2026-10-22 to 2027-10-22, but the subsequent release period was compressed from 36 months to 24 months, with the overall plan still scheduled to end in September 2029. If the total allocation amount remains unchanged and releases are uniform, the monthly release rate after the postponement will be 50% higher than under the original arrangement.
WLD's adjustment occurred earlier, in July 2024, before this article's two-year observation window: for the TFH team and investor-related allocations, about 80% of the lockup arrangements were extended from three years to five years. Here, 80% refers to that category of holdings, not the total token supply. After extending the release period, the same batch of allocations is spread over a longer time.
Tranched and Linear Releases
BABY changed the relevant locked allocations for early investors, the team, and advisors to monthly releases of 1/36 starting from 2026-05-10, ending in April 2029. The original concentrated tranches were spread into a monthly arrangement, and the total amount of the relevant allocations remained unchanged. Ecosystem incentives and staking issuance remain separate sources of supply.
In September 2025, Wormhole launched W 2.0, changing multiple categories of allocations from annual concentrated releases to releases once every two weeks, and extending some lockup periods. The release volume on a single date was thereby dispersed. Some tokens first enter foundation custody, and the selling time of the final recipients is still constrained by their respective lockup conditions; the time of custody crediting and the time of sellability are not entirely the same.
Accelerated Releases
ENA changed the remaining monthly releases of the relevant former investors to a single batch release starting from 2026-10-05. Market estimates put this at about 1.4 billion tokens, and the final net amount still needs to be verified against buybacks and the release list; the adjustment does not involve the simultaneous unlocking of all VC, team, and foundation allocations. Supply originally spread over subsequent months is therefore concentrated earlier, while buybacks provide buy demand for part of it, and the actual net release scale has not yet been confirmed.
For the relevant ENA held by StablecoinX, its contractual lockup exemption takes effect on 2026-10-05. After the exemption, sales still require the foundation's prior written consent; specific financing sales also require 5 business days' advance notice, and the foundation retains a purchase option. These contractual restrictions will continue to affect the timing and manner of sales for this portion of holdings.
STABLE Rewrites Lockup Rules
STABLE's new whitepaper plans to bring 82 billion tokens, 82% of the total supply, under the Universal Lock. The plan is scheduled to take effect on 2026-10-05, with the first release changed to 2027-12-08, followed by releases in seven overlapping phases. The new arrangement pushes back near-term supply from the original calendar, but as of the time of research it was still pending effect.
The price protection clause in the new rules can conditionally postpone some releases and does not provide a price guarantee. The protection ends on 2029-12-08, at which point the remaining tokens will all be released according to the rules. This links some release timing to price conditions while preserving supply that ultimately matures. During the lockup period, voting rights and selling rights are subject to different rules.Stable's new whitepaper.
Permanent Lock and Burn
In January 2025, Jupiter burned 3 billion JUP, reducing the supply cap from 10 billion to 7 billion, a reduction of 30%. This portion of tokens has been removed from the supply and no longer belongs to future unlock allocations.
LISTA permanently locked 200 million tokens through LIP021 and adjusted various allocations. The permanently locked portion no longer enters the available supply, but the total supply shown by the contract may not decrease in sync, and its handling differs from a burn. The official page still has old and new descriptions coexisting, and the old allocation ratios and future unlock arrangements do not yet fully correspond.
Pausing Emissions and Buybacks
In the Net-Zero arrangement after the DAO vote in February 2026, JUP postponed the 700 million Jupuary allocation, paused on-chain emissions from the team reserve, and set up an arrangement to offset actual sales for Mercurial-related allocations; the original mechanism of buying back with 50% of on-chain revenue continues to be retained. The postponed 700 million tokens are still in the community multisig wallet and can be reallocated by governance in the future; they have not been burned. JUP therefore simultaneously has three types of changes: completed supply reduction, postponed allocations, and ongoing buybacks.
ENA's fee buyback mechanism has been approved by vote, and the first threshold is related to USDe scale reaching 7.5 billion dollars. The buyback scale is still affected by threshold triggers and subsequent execution, and the current information is not sufficient to confirm the actual purchase amount.
In Tokenomics 2.0 in spring 2026, LISTA canceled the veLISTA lock-up model and shifted value distribution toward buybacks. The original staking allocation can exit, making existing tokens easier to enter trading, and no new minting was added. Unlock exits and buyback purchases will simultaneously affect market supply and demand, and the final effect is related to the scale of both and the sustainability of buyback funds.
Inflation Rate and Supply Cap Adjustment
Aptos promoted supply reform in 2026, and the official dashboard lists a 2.1 billion cap and a 2.6% annualized staking reward rate. At the time of previous verification, monthly new issuance was about 1.6 million tokens, and about 164,000 tokens were burned in the past 30 days, leaving net new issuance at about 1.4 million tokens. Based on the data at this point in time, APT is still in a state of net issuance, and the new supply brought by staking rewards coexists with the unlocking of existing allocations.
Conclusion
In this round of cases, 1,537 projects with unlock plans in RootData were selected as samples. The first internal unlocks of ALLO and HUMA were relatively concentrated, while DBR and ZRO continued across multiple cycles. Tokenomics adjustments also had different directions: Story moved internal unlocks later, 0G compressed the subsequent release period while delaying, ENA concentrated releases earlier, and JUP combined burns, paused emissions, and buybacks. Even when modifying unlock schedules in the same way, the future supply quantity and pace of each project already show clear differences.
