Weekly Token Unlock Preview: 6 Projects Unlock, DYDX Unlocks Over a Billion

Next week, the unlocking of tokens for 6 projects is worth paying attention to, with several large-scale unlocks. These include DYDX, GAL, ACA, and SUI.

DYDX has the largest unlocking scale, with an unlocking amount exceeding a billion and accounting for over 10% of the circulation. SUI's unlocking scale also exceeds 27 million USD, while GAL is less than 8 million USD.

In addition, EUL and LQTY will also see regular unlocks accounting for less than 1% of the circulation.

Specific unlocking details are as follows:

Large Unlocks

dYdX

Project Website: https://dydx.exchange/

Official Twitter: https://twitter.com/dYdX

Amount Unlocked: 33.33 million tokens

Unlocking Amount: (Approximately) 10.2 million USD

dYdX exchange is a decentralized perpetual contract trading platform that operates on the L2 chain and provides spot, leverage, and lending services.

dYdX utilizes a hybrid infrastructure model, mainly for non-custodial, on-chain settlement, and a low-latency matching engine with an off-chain order book.

DYDX's circulating market value exceeds 800 million USD. Just yesterday, dYdX announced the integration of Circle's cross-chain transfer protocol CCTP into dYdX Chain.

In terms of circulation, the token's locking scale is significant, with 42% of DYDX tokens still locked. In terms of circulation, this unlocking accounts for 12.35% of the total circulation, a huge unlocking amount. The unlocking scale exceeds 1 billion USD, making it the highest unlocking value among the projects unlocking next week.

From a historical perspective, this unlocking of tokens is significant, but still far from the largest unlocking in history at the beginning of December.

In terms of ownership, approximately half of the unlocked DYDX tokens (worth 56.75 million USD of 18.49 million tokens) will belong to investors, with the rest belonging to founders, employees, advisors, and others.

Sui

Project Website: https://sui.io/

Official Twitter: https://twitter.com/SuiNetwork

Amount Unlocked: 34.62 million tokens

Unlocking Amount: (Approximately) 27.5 million USD

Sui is a next-generation smart contract platform supported by Move, with high throughput, low latency, and asset-oriented programming model.

Sui, along with Aptos, is part of the Move Layer1 and has gained fame for its innovative technology. The original contributors of Sui, Mysten Labs, believe that Sui's data model will make it the first blockchain platform with internet-scale programmability.

Although this unlocking scale is large, the unlocking of Sui has been regular in recent times. A similar scale of unlocking occurs monthly. It is worth noting that unlike the unlocking cycles of other projects, SUI's unlocking cycle is extremely long, with the token not fully released until 2030. Therefore, the unlocking curve in recent years is more worthy of reference.

This week, Sui will see a large-scale unlocking, with an unlocking amount exceeding 27 million USD. In terms of circulation, this data accounts for approximately 3.35% of the circulation, a significant amount.

Galxe

Project Website: https://galxe.com/

Official Twitter: https://twitter.com/Galxe

Amount Unlocked: 3 million tokens

Unlocking Amount: (Approximately) 7.48 million USD

Galxe is a platform that helps Web3 projects build communities. Galxe can help project parties acquire users through reward programs, and users can earn rewards by completing specified tasks for project parties. In addition, Galxe also provides digital credential functions for users and project parties. The project aims to build an open and collaborative credential data network to help Web3 developers build better products and more attractive communities. Galxe also has solutions, multi-chain identity Galxe ID, and other products.

The GAL token is the payment and governance token of the Galxe ecosystem. Developers use GAL to pay platform fees, such as query fees for Galxe OracleEngine and Galxe Credential API.

According to the GAL token economics, 2 million tokens in this unlocking are allocated for "marketing use," 1.77 million tokens for "growth support Round1," 1.49 million tokens for "growth support Round2," 910,000 tokens for "advisors and partners," in addition, the foundation will receive 1 million GAL tokens, and the team will receive 400,000 tokens.

The unlocking curve of GAL presents a step-like pattern. In terms of circulation share, this unlocking accounts for approximately 3.34% of the circulation.

In terms of token distribution, the unlocked GAL will flow to "project parties" or entities closely related to the project, with allocations for "marketing use (5 million USD)," "team (1.04 million USD)," and "community (1.46 million USD)."

Currently, 51% of the total GAL supply is still locked.

However, from a historical unlocking perspective, this unlocking is not significantly different from previous unlocks. Similar-scale historical unlocks occur approximately monthly. Investors have ample historical data for reference.

Acala

Project Website: https://acala.network/

Official Twitter: https://twitter.com/AcalaNetwork

Amount Unlocked: 27.43 million tokens

Unlocking Amount: (Approximately) 3.1 million USD

Acala is a well-established project in the Polkadot ecosystem, aiming to build a decentralized financial network and liquidity hub for Polkadot. The project is a scalable, Ethereum-compatible smart contract platform optimized for DeFi, with built-in liquidity and ready-made financial applications. With its trustless exchange, decentralized stablecoin (aUSD), DOT Liquid Staking (LDOT), and EVM+, Acala allows developers to access core Ethereum functionality and full Substrate functionality.

ACA's unlocking amount is significant, accounting for approximately 3.1% of the circulating market value. In terms of token ownership, approximately 1.27 million USD of tokens are allocated to the team, and approximately 1.83 million USD of tokens are allocated to strategic partners.

From a historical unlocking perspective, this unlocking is not significantly different from previous unlocks. Similar-scale unlocks occur approximately monthly. Investors have ample historical data for reference.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。