This week’s token unlock lineup
MarsBit published a weekly token unlock roundup covering Starknet, YZY, Arbitrum, ZKsync, and LayerZero. In the headline, YZY’s unlock was described as being close to 10% of the token’s circulating supply.
Starknet
Project X/Twitter: https://twitter.com/Starknet
Official website: https://starknet.io/
Unlock amount: 130 million tokens.
Estimated unlock value: about $3.61 million.
The source described Starknet as an Ethereum Layer 2 that uses zk-STARKs technology to make Ethereum transactions faster and cheaper. Its parent company, StarkWare, was founded in 2018 and is headquartered in Israel. Its main products include Starknet and StarkEx. By using STARK proofs, Starknet verifies transactions and computation without requiring every node on the network to validate each operation, which the source said reduces computational load and increases blockchain throughput.
The detailed release curve is as follows:
YZY
Project X/Twitter: https://x.com/kanyewest
Official website: http://money.yeezy.com/
Unlock amount: 29.17 million tokens.
Estimated unlock value: about $8.4 million.
The source described YZY as a token issued by Kanye.
The detailed release curve is as follows:
Arbitrum
Project X/Twitter: https://twitter.com/arbitrum
Official website: https://arbitrum.io/
Unlock amount: 96.84 million tokens.
Estimated unlock value: about $13.17 million.
The source said Arbitrum is an Ethereum Rollup built to improve Ethereum scalability. It aggregates and processes off-chain transactions before submitting a single transaction to the Ethereum mainnet. That lets users access faster and cheaper transactions while still benefiting from Ethereum’s security and decentralization. Arbitrum’s native token is ARB, and ARB holders can take part in governance by submitting proposals and voting on protocol upgrades or changes.
The detailed release curve is as follows:
ZKsync
Project X/Twitter: https://x.com/zksync
Official website: https://zksync.io/
Unlock amount: 170 million tokens.
Estimated unlock value: about $1.65 million.
The source described zkSync as a Layer 2 scaling solution developed by Matter Labs. It uses a new generation of succinct zero-knowledge proofs to preserve the security properties of the underlying blockchain. According to the source, all funds in zkSync are held by smart contracts on the main chain, while computation and storage are carried out off-chain.
The detailed release curve is as follows:
LayerZero
Project X/Twitter: https://x.com/LayerZero_Core
Official website: https://layerzero.network/
Unlock amount: 25.83 million tokens.
Estimated unlock value: about $26.09 million.
The source described LayerZero as an omnichain interoperability protocol built for lightweight cross-chain messaging. It provides trusted and guaranteed message delivery with configurable trust minimization.
The detailed release curve is as follows: