Token unlock weekly report｜AVAX worth 140 million US dollars will be unlocked at once this week, accounting for about 1.3% of the total supply;

ID, RON, YGG, and AVAX tokens will usher in a large proportion of one-time unlocking this week.

Written by: Peng SUN, Foresight News

Data & Image Source: Token Unlocks

*As an integral part of Tokenomics, Token Unlocks (also known as release schedule) refers to the process of releasing locked tokens to the market within a set period of time, the purpose of which is to ensure that the team, investment The incentive mechanism between developers and community users is consistent. Token unlocking (especially one-time unlocking) may bring selling pressure in the market, which in turn will lead to significant fluctuations in token prices. Therefore, investors should pay attention to risks before and after the token unlocking node. *

*Generally speaking, token unlocking can be divided into linear unlocking (Linear Unlocks) and one-time unlocking (Cliff Unlocks). One-time unlocking means that tokens are locked until a specific event or date occurs, and all locked tokens will be released at once. Under normal circumstances, the tokens airdropped by the project party are part of the "one-time unlock". Linear unlocking means that tokens are released daily at a stable and fixed rate over a period of time. Liquidity incentives are usually included in linear unlocking. *

According to the data compiled by Token Unlocks, this week (May 22 to May 27, 2023), ID (SPACE ID), 1INCH (1inch), EUL (Euler), ACA (Acala), RON (Ronin), YGG (Yield Guild Games), AVAX (Avalanche) tokens will usher in a one-time unlock node:

ID（SPACE ID）

15,152,778 SPACE ID token IDs (approximately $7.34 million) were unlocked at 08:00:00 on May 22, accounting for 0.758% of the total supply;

1INCH（1inch）

1inch token 1INCH will unlock 21,429 pieces (about 8,556 USD) on May 24, accounting for 0.001% of the total supply;

EUL（Euler）

Euler token EUL will unlock 138,219 pieces (about 260,000 USD) at 22:29:59 on May 24th, accounting for 0.508% of the total supply;

ACA

The Acala token ACA will unlock 4,657,534 pieces (about 260,000 USD) at 08:00:00 on May 25th, accounting for 0.466% of the total supply;

RON (Ronin)

14,571,969.03 RON tokens (approximately US$14.28 million) will be unlocked at 08:00:00 on May 27, accounting for 1.457% of the total supply;

YGG（Yield Guild Games）

Yield Guild Games token YGG will unlock 16,872,453 pieces (about 3.14 million USD) at 21:59:00 on May 27th, accounting for 1.687% of the total supply;

AVAX（Avalanche）

Avalanche token AVAX will unlock 9,541,800 pieces (about 137 million US dollars) on May 28, accounting for 1.325% of the total supply;

In addition, the current popular tokens that are continuously unlocked linearly include OP, ATOM, FIL, UNI, DOT, AVAX, DOGE, BLUR, CRV, LDO, GMT, LUNA, EDU, NEAR, ILV, GRT, OSMO, IMX, ENS, AXL, MASK, GALA, RDNT, BAL, GMX, JOE, CTSI, MINA, STG, MC, C98, MANA, COMP, SWISE, RPL, RBN, EUL, FXS, AAVE, LOOKS, GLMR, SWEAT, X2Y2, FORT, SUSHI, YFI, GEL and LQTY etc.

DOT（Polkadot）

331,507 Polkadot tokens DOT (approximately US$1.77 million) are unlocked per day, and 364,705.9 (approximately US$1.95 million) of the "Staking Rewards" part are unlocked daily from 08:00:00 on May 26;

OP（Optimism）

Optimism token OP unlocks 2,411,115 pieces (approximately US$4 million) per day, including "ecosystem funds", "retroactive public goods funds" and "user airdrops". Currently, 32.23% of OP tokens have been unlocked;

UNI（Uniswap）

Uniswap token UNI unlocks 454,795 pieces (approximately US$2.36 million) per day, including "community treasury" and "team/investor/advisor". Currently, 13.76% of UNI tokens are still unlocked.