Next week, 18 projects will experience token unlock events. Among them, DYDX and 1INCH will have significant unlocks, accounting for 11.9% and 8.5% of the circulating supply, respectively.
Here are the specific unlock details:
dYdX
Project Twitter:
https://twitter.com/dydxfoundation
Project Website:
https://dydx.trade/
Unlock Quantity: 33.33 million tokens
Unlock Value: Approximately $69.33 million
dYdX is a decentralized derivatives exchange for perpetual contracts and margin trading. It provides order book-style blockchain digital asset trading services and offers leveraged and contract trading functionalities. dYdX adopts an off-chain matching + on-chain settlement order model. The user experience is closer to that of traditional centralized exchanges (CEX), allowing for limit orders, stop-loss, and other operations.
DYDX currently has a circulating supply of 52% of the total. After this round of unlocks, the unlock rate will slow down. This round of unlocks is targeted at investors and the team. Investors will unlock tokens worth approximately $36 million, while the team and future hiring funds will unlock tokens worth $20 million and $9.1 million, respectively.
Here is the specific release curve:
1inch
Project Twitter:
https://twitter.com/1inch
Project Website:
https://1inch.io/
Unlock Quantity: 98.74 million tokens
Unlock Value: Approximately $42.45 million
1inch Network is a DeFi aggregation platform that optimizes trading across hundreds of DEXs on multiple networks. It automatically calculates the optimal trading path and volume split to help users achieve the best execution price.
1INCH has already unlocked 79% of the total supply. This round is the second-to-last cliff unlock, targeting the team/investors/VCs with 98.74 million tokens, accounting for 8.52% of the circulating supply. It is expected to have a significant impact on the token price. The next unlock will take place in December of this year.
Here is the specific release curve:
