Weekly Token Unlocks: ZRO and ZK to Unlock Over 3% of Circulating Supply
- Core Viewpoint: This week, two major projects, LayerZero and zkSync, will undergo significant token unlocks, releasing a total value exceeding $52 million in tokens, which could have a notable impact on market liquidity and token prices.
- Key Elements:
- LayerZero will unlock approximately 25.71 million tokens, valued at around $48.85 million at current prices. The protocol focuses on providing configurable trustless omnichain messaging.
- zkSync will unlock approximately 173 million tokens, valued at about $3.98 million. As an Ethereum Layer 2 scaling solution, it utilizes zero-knowledge proof technology to ensure security.
- The token releases for both projects follow preset unlock schedules, which are part of regular linear or phased release plans.
- Large-scale unlocks typically increase the circulating supply in the market and are key events for investors to assess short-term selling pressure.
Layerzero
Project Twitter: https://x.com/LayerZero_Core
Project Website: https://layerzero.network/
This Unlock Amount: 25.71 million tokens
This Unlock Value: Approximately $48.85 million
LayerZero is an omnichain interoperability protocol designed for lightweight cross-chain message passing. It provides trusted and guaranteed message delivery with configurable trustlessness.
The specific release schedule is as follows:
ZKsync
Project Twitter: https://x.com/zksync
Project Website: https://zksync.io/
This Unlock Amount: 173 million tokens
This Unlock Value: Approximately $3.98 million
zkSync is a Layer 2 scaling solution developed by Matter Labs, which preserves the security properties of the underlying blockchain by leveraging the latest generation of succinct zero-knowledge proofs. All funds in zkSync are held by smart contracts on the main chain, while computation and storage are performed off-chain.
The specific release schedule is as follows:
