Token unlock this week: PYTH will have a massive unlock.

CN
7 hours ago

This week, only 5 tokens are being unlocked, with PYTH accounting for 58.6% of the total circulation.

Weekly Token Unlock: PYTH Will Have a Massive Unlock

Pyth

Project Twitter: https://twitter.com/PythNetwork

Project Website: https://pyth.network/

Unlock Quantity: 2.1 billion tokens

Unlock Amount: Approximately $320 million

Pyth Network is a decentralized oracle project that provides real-time, accurate financial market data covering DEX, derivatives, DeFi lending, stablecoins, synthetic assets, etc., aiming to enhance the functionality and reliability of decentralized finance (DeFi) applications.

The current unlock ratio of PYTH is 36%. This week's unlock includes 1.13 billion tokens for ecosystem development, valued at 170 million tokens; 530 million tokens for Publisher rewards, valued at $82.1 million; 250 million tokens from private placements, valued at $38.19 million; and 210 million tokens for protocol development, valued at $32.46 million.

The specific release curve is as follows:

Weekly Token Unlock: PYTH Will Have a Massive Unlock

Polyhedra

Project Twitter: https://x.com/PolyhedraZK

Project Website: https://polyhedra.network/

Unlock Quantity: 15.53 million tokens

Unlock Amount: Approximately $32.14 million

PolyHedra is the infrastructure for Web3 interoperability, utilizing cutting-edge zero-knowledge proof systems to enhance Web3 interoperability. The Polyhedra Network employs deVirgo to implement zkBridge, providing a trustless and efficient infrastructure for cross-chain bridges and data interoperability between various Web2 and Web3 systems.

Currently, ZKJ has only unlocked 29%. This round of unlock includes 8.47 million tokens for ecosystem incentives ($17.54 million), 3.61 million tokens for foundation reserves ($7.47 million), 2.61 million tokens for community airdrops ($5.4 million), and 833,000 tokens for token purchasers ($1.73 million).

The specific release curve is as follows:

Weekly Token Unlock: PYTH Will Have a Massive Unlock

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