Unlock refers to the release of tokens that were previously locked based on conditions from investment rounds or other funding programs.
Typically, the team carefully considers tokenomics to avoid putting significant selling pressure at various #unlock stages and potentially crashing the token price. However, certain factors such as insufficient liquidity or early investors locking in profits right after token unlocking can significantly impact the asset's prices.
10 unlocks to watch this week
Yield Guild Games (YGG)
Unlock Date: May 27
Number of Unlocked Tokens: 16,690,000 YGG
Current Circulating Supply: 371,566,422 YGG
Yield Guild Games is a gaming community focused on blockchain games with a play-to-earn model. It brings together users from around the world who invest in NFT assets. The platform's native token, YGG, is used to pay for services within the network. It can also be staked to earn rewards, spent to unlock exclusive content on the Discord server, or used for voting. Unlocked tokens will be distributed among the community, developers, investors, and the treasury.
SingularityNET (AGIX)
Unlock Date: May 28
Number of Unlocked Tokens: 8,710,000 AGIX
Current Circulating Supply: 1,283,425,719 AGIX
SingularityNET is a decentralized blockchain platform for creating AI-based applications. The project's native token, AGIX, is used to pay for services, and node operators receive a portion of the fees as compensation for their contribution to maintaining and developing the network. The tokens unlocked on May 28 will be distributed among participants in the AGIX-ADA reward program.
Echelon Prime (PRIME)
Unlock Date: May 31
Number of Unlocked Tokens: 1,660,000 PRIME
Current Circulating Supply: 39,254,084 PRIME
Echelon Prime is an open decentralized ecosystem for P2E games, governed by the community. The native token, PRIME, is used to reward developers and users, as well as for voting on project development and staking. Tokens unlocked this week are intended for the reserve and investors of Parallel Studios.
Manta Network (MANTA)
Unlock Date: May 31
Number of Unlocked Tokens: 1,870,000 MANTA
Текущее циркулирующее предложение: 251 077 745 MANTA
Manta Network is a modular blockchain for applications with zero-knowledge proofs (ZK). Tokens unlocked at the end of the week belong to the project's advisors.
Optimism (OP)
Unlock Date: May 31
Number of Unlocked Tokens: 31,340,000 OP
Current Circulating Supply: 1,086,889,963 OP
Optimism is a layer-2 solution designed to increase the speed and scalability of the Ethereum network. According to DefiLlama, it is among the leaders in L2 networks by the number of deployed protocols and total value locked (TVL). The #OP token is used for voting, managing projects within the Optimism Collective, and developing the ecosystem. Tokens released during the next unlock will be distributed among investors and key project participants.
1inch (1INCH)
Unlock Date: June 1
Number of Unlocked Tokens: 98,740,000 1INCH
Current Circulating Supply: 1,158,579,193 1INCH
1inch is a liquidity aggregator from decentralized exchanges, utilizing order routing and limit order placement technologies. The platform offers the best exchange rates for cryptocurrencies, gathered from dozens of sources in real-time. 1inch supports a large number of DeFi protocols and pools operating on different blockchains — Ethereum, BNB Chain, Polygon, Optimism, Arbitrum, and others.
The next #1INCH unlock will occur on June 1, when the cliff for nearly 100 million tokens intended for developers, early investors, and venture funds ends.
dYdX (DYDX)
Unlock Date: June 1
Number of Unlocked Tokens: 33,330,000 DYDX
Current Circulating Supply: 279,818,881 DYDX
At the beginning of 2023, the largest decentralized perpetual futures trading protocol, dYdX, announced changes to the project's initial tokenomics. According to the updated information, 27.7% of the total #DYDX supply will go to early investors, 26.1% to the treasury, 15.3% will be allocated to the team, 7.0% reserved for future employees and advisors, with the remaining tokens intended for user rewards.
Most of the DYDX tokens unlocked on June 1 will be distributed among investors and the project team.
Acala (ACA)
Unlock Date: June 1
Number of Unlocked Tokens: 27,430,000 ACA
Current Circulating Supply: 962,499,997 ACA
Launched in 2019, Acala Network is the first DeFi consortium of its kind, formed by two teams of active participants in the Polkadot ecosystem — Laminar and Polkawallet. The platform supports smart contracts and is compatible with external blockchains (e.g., Ethereum). Tokens unlocked on June 1 will be distributed among strategic partners and the project team.
Sui (SUI)
Unlock Date: June 1
Number of Unlocked Tokens: 65,080,000 SUI
Current Circulating Supply: 2,339,196,965 SUI
Sui is a high-performance layer-1 blockchain. The network's operation and security are ensured by the Proof-of-Stake consensus algorithm. The project was developed by Mysten Labs, founded in 2021 by a group of former Novi Research employees responsible for creating the Diem blockchain and the Move programming language.
Since December 2021, Mysten Labs has raised $336 million in two funding rounds. Major investors include Binance Labs, Franklin Templeton, and a16z Crypto. The next #SUI unlock will occur on June 1.
Some of the unlocked tokens will be distributed among participants in series A and B investment rounds, while the remaining tokens will be allocated to the community reserve and Mysten Labs' treasury.
Ethena (ENA)
Unlock Date: June 2
Number of Unlocked Tokens: 53,600,000 ENA
Current Circulating Supply: 1,479,139,274 ENA
ENA is the native token of the DeFi protocol Ethena, the issuer of the "synthetic dollar" USDe. The asset is used for managing ecosystem features, as well as a mechanism to incentivize participation and investment in the protocol. ENA's debut was accompanied by an airdrop from Ethena Labs, distributing $450 million worth of tokens to the community.
On June 2, the project will unlock over 50 million ENA, which will be used for ecosystem development.
Liked the overview? Give it a thumbs up! 👍
