This week, only ENA has an unlocking ratio greater than 3%, which will unlock tokens worth approximately US$138 million, accounting for 3.2% of the circulating supply.
Ethena
Project Twitter: https://x.com/ethena_labs
Project website: https://www.ethena.fi/
Number of tokens unlocked this time: 212 million
Amount unlocked this time: approximately US$138 million
Ethena Labs' algorithmic stablecoin, USDe, currently relies on collateralized BTC and stETH, along with their inherent yields. It simultaneously creates short positions in Bitcoin and ETH to balance delta and leverages perpetual/futures funding rates to maintain the peg and provide yield. This balance is achieved by using spot gains to offset losses from short positions, while still reaping the benefits of ETH staking and the short position funding rate.
The specific release curve is as follows:
Sui
Project Twitter: https://twitter.com/SuiNetwork
Project official website: https://sui.io/
Number of unlocked tokens this time: 47.01 million
Amount unlocked this time: approximately US$153 million
Sui is one of the earliest Meta-chain public blockchain projects, developed by the Mysten Labs team. Sui aims to create an environmentally friendly, low-cost, high-throughput, and low-latency permissionless blockchain. Compared to traditional blockchains, Sui's key innovation lies in its data model and transaction processing pipeline.
The specific release curve is as follows:
- 核心观点:本周ENA和SUI迎来大额代币解锁。
- 关键要素:
- ENA解锁2.12亿枚,价值1.38亿美元。
- SUI解锁4701万枚,价值1.53亿美元。
- ENA解锁占流通量3.2%,比例较大。
- 市场影响:短期或引发代币抛压。
- 时效性标注:短期影响。
