Next week token unlocking project announcement: ACA, DYDX, TORN, and 7 other projects will be unlocked.

This week, there will be several projects unlocking their tokens, including 7 well-known projects.

However, 1INCH, LQTY, EUL, and NYM will have small token unlocks. Only ACA, DYDX, and TORN are worth investors' attention. Odaily will provide detailed information in the following text.

Acala

Project Website: https://acala.network/

Official Twitter: https://twitter.com/AcalaNetwork

Token Unlock Quantity: 27.43 million

Token Unlock Amount: (approximately) $1.83 million

Acala is a well-established project in the Polkadot ecosystem, aiming to build a decentralized financial network and liquidity hub for Polkadot. The project is a scalable, Ethereum-compatible smart contract platform optimized for DeFi, with built-in liquidity and ready-to-use financial applications. With its trustless exchange, decentralized stablecoin (aUSD), DOT Liquid Staking (LDOT), and EVM+, Acala provides developers access to the core functionalities of Ethereum and the full capabilities of Substrate.

The token unlock amount for ACA is relatively large, accounting for approximately 3.56% of the circulating market value. However, looking at the unlock history, this unlock is not different from previous unlocks of similar scale. There is a monthly unlock of similar scale. Investors have sufficient historical data for reference.

dYdX

Project Website: https://dydx.exchange/

Project Twitter: https://twitter.com/dYdX

Token Unlock Quantity: 6.52 million

Token Unlock Amount: (approximately) $13.5 million

dYdX exchange is a decentralized perpetual contract exchange that operates on the L2 blockchain system and provides spot/leverage/lending services on L1.

dYdX utilizes a hybrid infrastructure model, mainly consisting of non-custodial, on-chain settlement and off-chain low-latency matching engine with an order book.

DYDX has a circulating market capitalization of over $330 million, making it the largest project in terms of market value among this week's unlocking projects.

The locked size of dYdX tokens is enormous, with 76% of dYdX tokens still locked. In terms of circulating supply, this unlocking accounts for 3.81% of the total circulating supply, with a value of over $13 million. This number is quite significant and worth paying attention to.

However, from the unlocking history, the token is still following the usual unlocking process, with one unlock per month.

Tornado Cash

Project Twitter: https://twitter.com/TornadoCash

Unlocking quantity this time: 23,000 tokens

Unlocking amount this time: Approx. $81,000

In previous unlocking reports, TORN has already appeared multiple times. This time, approximately 23,000 TORN tokens will be unlocked. Currently, 31% of TORN tokens are still locked.

TORN's unlocking is relatively evenly distributed, with a monthly unlock and roughly the same quantity each time.

TORN has a remaining circulating market value of only about $5.3 million and has faced sanctions from US judicial agencies. The original version of this project has already been pronounced "dead." Currently, the community is maintaining the project as an open-source project, but its association with the token is relatively low. Given the small scale of its market value, this project does not seem worthy of market attention.

Other tokens that account for less than 1% of the unlock

In addition to the above items, LQTY, EUL, NYM unlocking amount is less than 1% of the circulating supply. In this scale, the unlocking size is unlikely to have a significant impact on the market. It is not worth the high attention of investors. And 1INCH is also included in this unlocking announcement, but the unlocking amount for this project is even scarcer, less than 0.1% of the circulating supply. These four tokens will not be further analyzed.