Weekly Token Unlocks: YZY Unlocks Nearly 10% of Circulating Supply
- Key Takeaway: This week, several mainstream blockchain projects are set for token unlocks, with LayerZero having the highest unlock value (approximately $26.09 million), Starknet having the largest unlock amount (130 million tokens), and Kanye's YZY token appearing on the unlock list for the first time.
- Key Details:
- Starknet unlocks 130 million tokens, approximately $3.61 million; an Ethereum Layer 2 based on zk-STARKs technology, developed by Israel-based StarkWare.
- YZY unlocks 29.17 million tokens, approximately $8.4 million; a token issued by Kanye, an emerging project.
- Arbitrum unlocks 96.84 million tokens, approximately $13.17 million; an Ethereum Rollup solution where ARB holders can participate in protocol governance.
- ZKsync unlocks 170 million tokens, approximately $1.65 million; a zk-Rollup Layer 2 developed by Matter Labs, with funds held by smart contracts on the main chain.
- LayerZero unlocks 25.83 million tokens, approximately $26.09 million, the highest unlock value this time; an omnichain interoperability protocol focused on lightweight cross-chain messaging.
Starknet
Project Twitter: https://twitter.com/Starknet
Project Website: https://starknet.io/
Unlock amount this time: 130 million tokens
Unlock value this time: approximately $3.61 million
Starknet is an Ethereum Layer 2 that leverages 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 products include Starknet and StarkEx. By using STARK, Starknet verifies transactions and computations without requiring all network nodes to verify every operation. This significantly reduces the computational burden and increases the throughput of the blockchain network.
The specific release curve is as follows:
YZY
Project Twitter: https://x.com/kanyewest
Project Website: http://money.yeezy.com/
Unlock amount this time: 29.17 million tokens
Unlock value this time: approximately $8.4 million
A token issued by Kanye.
The specific release curve is as follows:
Arbitrum
Project Twitter: https://twitter.com/arbitrum
Project Website: https://arbitrum.io/
Unlock amount this time: 96.84 million tokens
Unlock value this time: approximately $13.17 million
Arbitrum is an Ethereum Rollup designed to improve Ethereum's scalability by aggregating and processing transactions off-chain before submitting a single transaction to the Ethereum mainnet. This means users can enjoy faster and cheaper transactions while still benefiting from the security and decentralization of the Ethereum network. Arbitrum's native token is ARB. ARB holders can participate in the decision-making process, such as proposing and voting on protocol upgrades or changes.
The specific release curve is as follows:
ZKsync
Project Twitter: https://x.com/zksync
Project Website: https://zksync.io/
Unlock amount this time: 170 million tokens
Unlock value this time: approximately $1.65 million
zkSync is a Layer 2 scaling solution developed by Matter Labs that preserves the security properties of the underlying blockchain by utilizing 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 executed off-chain.
The specific release curve is as follows:
Layerzero
Project Twitter: https://x.com/LayerZero_Core
Project Website: https://layerzero.network/
Unlock amount this time: 25.83 million tokens
Unlock value this time: approximately $26.09 million
LayerZero is an omnichain interoperability protocol designed for lightweight cross-chain messaging. LayerZero provides trusted and guaranteed message delivery with configurable trustlessness.
The specific release curve is as follows:
