Weekly Token Unlocks: BARD to Unlock Tokens Equivalent to 12% of Circulating Supply This Week
- Core Viewpoint: This article summarizes the upcoming large-scale token unlocks for three cryptocurrency projects—Lombard, LayerZero, and ZKsync—involving a total value of nearly $90 million, which may impact market liquidity and project valuations.
- Key Elements:
- Lombard aims to build an on-chain Bitcoin capital market. This unlock involves 32.4 million tokens, valued at approximately $35.64 million.
- LayerZero, as a full-chain interoperability protocol, will unlock 25.71 million tokens, valued at around $50.9 million.
- ZKsync is an Ethereum Layer 2 scaling solution. This unlock involves 170 million tokens, but their current value is only about $3.3 million.
- The concentration of unlock events for these three projects may increase selling pressure in the market. Investors should pay attention to related liquidity changes.
Lombard
Project Twitter: https://x.com/Lombard_Finance
Project Website: https://www.lombard.finance/
This Unlock Amount: 32.4 million tokens
This Unlock Value: Approximately $35.64 million USD
Lombard is building an on-chain Bitcoin capital market, aiming to fully unlock the potential of this iconic modern asset. Lombard's relationship to BTC is akin to what Circle and Tether are to stablecoins. Lombard is vertically integrating the Bitcoin DeFi stack, aiming to support all chains, applications, and developers in seamlessly integrating Bitcoin on-chain.
The specific release schedule is as follows:
Layerzero
Project Twitter: https://x.com/LayerZero_Core
Project Website: https://layerzero.network/
This Unlock Amount: 25.71 million tokens
This Unlock Value: Approximately $50.9 million USD
LayerZero is an omnichain interoperability protocol designed for lightweight cross-chain message passing. LayerZero provides secure 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: 170 million tokens
This Unlock Value: Approximately $3.3 million USD
zkSync is a Layer 2 scaling solution developed by Matter Labs that 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:
