{"id":9872,"date":"2023-01-20T04:19:42","date_gmt":"2023-01-20T04:19:42","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=9872"},"modified":"2023-01-20T04:19:43","modified_gmt":"2023-01-20T04:19:43","slug":"token-unlocks-estimates-102b-worth-of-unlocks-in-2023","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=9872","title":{"rendered":"Token Unlocks estimates $102B worth of unlocks in 2023"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n   <\/p>\n<p>Token Unlocks\u2019 2022 Annual Report estimates that $102 billion worth of tokens will be unlocked in 2023.<\/p>\n<p>The data points out that December 2022 ended with $102.1 billion worth of tokens remaining locked, with a $570.8 billion Fully Diluted Value (FDV)and $468.7 billion market cap. Dividing the market cap by FDV, the report concludes that 82.1% of all tokens with fixed supply are already in free circulation in the market.<\/p>\n<h2>15 projects with most considerable estimated locked value<\/h2>\n<p>The report states that 15 projects account for more than 75% of the total illiquid tokens. Out of the top 15 largest estimated unlocks, six of them remain below $1 billion in value. In comparison, two are expected to be roughly equal to $1 billion, and the remaining seven will be worth more than a billion.<\/p>\n<p>Top 15 Token Unlocks of 2023<\/p>\n<p>The list reveals that Ripple (XRP) ranks first with $17.9 billion worth of total locked tokens. Filecoin (FIL) and Optimism (OP) follow XRP as the second and the third, with $4.9 billion and $3.7 billion locked value, respectively.<\/p>\n<p>Chainlink (LINK), BitDAO (BIT),\u00a0ApeCoin (APE), and STEPN (GMT) are also ranked above the $1 billion mark. Hedera (HBAR) and Axie Infinity (AXS) are estimated to have around $1 billion worth of tokens locked up.<\/p>\n<h2>Tokens unlocked so far<\/h2>\n<p>So far, four unlocks have already released a total of $126 million worth of tokens into the market. BIT and APE are included in the top 15 list of these four. BIT and APE released tokens worth $67 million, and $28 million, on Jan. 15 and 17, respectively.<\/p>\n<p>While not included in the above ranking, Moonbeam (GLMR) was the first unlock of the year. It took place on Jan. 11 and unlocked $15 million worth of GLMR tokens. On Jan. 12, Aptos (APT) also unlocked tokens worth $16 million.<\/p>\n<h2>Upcoming unlocks<\/h2>\n<p>The next unlock included in the above list will be taking place on Jan. 23 from AXS, and the project will release 4.8 million tokens worth $31 million.<\/p>\n<p>Following AXS, GMT, and dYdX (DYDX) from the list will also release their tokens during February. GMT will start its linear unlock on Feb. 1 by releasing $588,608 worth of tokens per day. On Feb. 3, DYDX will release 150 million tokens which correspond to 15% of its total supply and equate to around $195 million.<\/p>\n<p>The next unlock included in the list will occur on May 31 and come from OP, the project with the third-largest estimated locked value. The project will release 3.6% of its total supply of 154,618,822.65 OP tokens. The total unlocked value is expected to be around $253 million.<\/p>\n<p>The last scheduled unlock amongst the top 15 is from Curve DAO (CRV). On Aug. 14, the project will start its linear unlock period by releasing $411,902 worth of tokens per day.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/token-unlocks-estimates-102b-worth-of-unlocks-in-2023\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Token Unlocks\u2019 2022 Annual Report estimates that $102 billion worth of tokens will be unlocked in 2023. The data points out that December 2022 ended with $102.1 billion worth of tokens remaining locked, with a $570.8 billion Fully Diluted Value (FDV)and $468.7 billion market cap. Dividing the market cap by FDV, the report concludes that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-9872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9872"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9872\/revisions"}],"predecessor-version":[{"id":9874,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9872\/revisions\/9874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/9873"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}