Next week, 18 projects will experience token unlocking events. Among them, DYDX and 1INCH will have significant unlocking, accounting for 11.9% and 8.5% of the circulating supply, respectively.
The unlocking details are as follows:
dYdX
Project Twitter:
https://twitter.com/dydxfoundation
Project website:
https://dydx.trade/
Amount of tokens unlocked this time: 33.33 million
Approximate value of tokens unlocked this time: $69.33 million
dYdX is a decentralized derivatives exchange used for perpetual contracts and margin trading. It provides order book-style blockchain digital asset trading services and offers leveraged and contract trading functions. dYdX adopts an off-chain matching + on-chain settlement order model. The operation experience is closer to traditional centralized exchanges (CEX), allowing for limit orders, stop-loss, and other operations.
DYDX accounts for 52% of the total supply in circulation. The unlocking rate will slow down after this round, and this round of unlocking is aimed at investors and the team. Among them, investors will unlock tokens worth approximately $36 million, while the team and future employment funds will unlock tokens worth $20 million and $9.1 million, respectively.
The specific release curve is as follows:
1inch
Project Twitter:
https://twitter.com/1inch
Project website:
https://1inch.io/
Amount of tokens unlocked this time: 98.74 million
Approximate value of tokens unlocked this time: $42.45 million
1inch Network is a DeFi aggregation platform that optimizes trades across hundreds of DEXs on multiple networks. It automatically calculates the optimal trading path and trade volume splits to help users achieve the best execution prices.
1INCH accounts for 79% of the total unlocked supply. This round is the second-to-last cliff unlocking, targeting the team/investors/VCs, unlocking 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 unlocking will take place in December this year.
The specific release curve is as follows:
