Weekly Token Unlocks: DBR Unlock Accounts for 11.4% of Circulating Supply
- Core Viewpoint: Both deBridge and Starknet are undergoing large-scale token unlocks this week, with a total of approximately 730 million tokens unlocked, valued at around $14.06 million, which may exert short-term pressure on market liquidity and token prices.
- Key Elements:
- deBridge is unlocking 600 million tokens this time, worth approximately $10.13 million. As a Web3 interoperability layer, it facilitates cross-chain message and value transfer through a network of independent validators.
- Starknet is unlocking 130 million tokens this time, worth approximately $3.93 million. This Layer 2 solution utilizes zk-STARKs technology to enhance Ethereum's transaction speed and reduce fees, and was founded by its parent company StarkWare in 2018.
- The unlocks from both projects introduce a significant amount of new supply, warranting attention to potential market sell-off risks. With Starknet's total locked supply standing at 10 billion tokens, the impact of subsequent unlock sizes on its price merits continuous monitoring.
deBridge
Project Twitter: https://x.com/deBridgeFinance
Project Website: https://debridge.finance/
Tokens Unlocked This Round: 600 million
Value of Unlocked Tokens: Approximately $10.13 million
deBridge is a security-focused interoperability layer for Web3, enabling the decentralized transfer of arbitrary messages and value across different blockchains. Cross-chain transaction verification is performed by a network of independent validators, who are elected by and work for the deBridge governance.
The specific unlocking schedule is as follows:
Starknet
Project Twitter: https://twitter.com/Starknet
Project Website: https://starknet.io/
Tokens Unlocked This Round: 130 million
Value of Unlocked Tokens: Approximately $3.93 million
Starknet is a Layer 2 scaling solution for Ethereum, utilizing zk-STARKs technology to make Ethereum transactions faster and cheaper. Starknet's parent company, StarkWare, was founded in 2018 and is headquartered in Israel. Its main developed products include Starknet and StarkEx. By using STARKs, Starknet verifies transactions and computations without requiring all network nodes to validate each operation. This significantly reduces the computational burden and increases the throughput of the blockchain network.
The specific unlocking schedule is as follows:
