Next week, 9 projects are set to undergo token unlocking events. Among them, Starknet stands out with a high percentage of tokens being unlocked, amounting to 4.91% of the total circulating supply. Other projects have smaller unlocking percentages, but a few, such as APT, ARB, and IMX, all part of Layer 1/2 networks, have significant amounts to be unlocked.
Details of the unlocking are as follows:
Starknet
Project Twitter:
https://twitter.com/Starknet
Project Website:
https://starknet.io/
Tokens to be unlocked: 64 million
Estimated unlocking value: around $73.6 million
Starknet is an Ethereum Layer 2 solution that utilizes zk-STARKs technology to make transactions on the Ethereum network faster and more cost-effective. Its parent company, StarkWare, was established in 2018 in Israel and has developed products like Starknet and StarkEx. By using STARK, Starknet can verify transactions and computations without requiring every network node to validate each operation, significantly reducing computational burdens and increasing blockchain network throughput.
The current unlocking of STRK tokens follows a regular linear unlocking schedule. Due to the relatively low circulating supply, a significant portion will be unlocked, with 33.57 million tokens, valued at approximately $43.3 million, being distributed to early contributors, and 30.43 million tokens, valued at $39.26 million, being unlocked for investors.
Arbitrum
Project Twitter:
https://twitter.com/arbitrum
Project Website:
https://arbitrum.io/
Tokens to be unlocked: 92.65 million
Estimated unlocking value: around $89.64 million
Arbitrum is an Ethereum Rollup solution designed to enhance Ethereum’s scalability by aggregating and processing off-chain transactions before submitting a single transaction to the Ethereum mainnet. This allows users to enjoy faster and cheaper transactions while still benefiting from the security and decentralization of the Ethereum network. Arbitrum’s native token is ARB. ARB holders can participate in decision-making processes, such as proposing and voting on protocol upgrades or changes.
With ARB’s current circulating supply at 29% of the total, the unlocking percentage is smaller compared to Starknet. The team will unlock tokens worth $61.12 million, while investors will have tokens worth $39.77 million unlocked.
Aptos
Project Twitter:
https://twitter.com/Aptos_Network
Project Website:
https://aptosfoundation.org/
Tokens to be unlocked: 11.31 million
Estimated unlocking value: around $92.29 million
Aptos is a Layer 1 blockchain project aiming to build a scalable, secure, trustworthy, and upgradable smart contract platform. The Aptos team spun off from former Meta members. APT is the native token of the Aptos main chain, used for transaction fees, staking, and governance.
APT’s unlocking schedule has started to slow down, with unlocks distributed among various parties, including core contributors (3.96 million tokens – $36.02 million), the community (3.21 million tokens – $29.21 million), investors (2.81 million tokens – $25.55 million), and the foundation (1.33 million tokens – $12.13 million).
These upcoming token unlocking events signify significant milestones for the projects involved, as they continue to develop and grow within the blockchain ecosystem.
