Weekly Token Unlocks: STRK Unlocks 4% of Circulating Supply, But Pushes Price Up

Starknet

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

Project Website: https://starknet.io/

Tokens Unlocked This Time: 130 million

Value of Unlocked Tokens: Approximately $7.19 million

Starknet is a Layer 2 solution for Ethereum, utilizing zk-STARKs technology to make Ethereum transactions faster and cheaper. Starknet's parent company, StarkWare, was founded in 2018 and is headquartered in Israel. Its main products include Starknet and StarkEx. By using STARKs, Starknet verifies transactions and computations without requiring all network nodes to validate every operation. This significantly reduces computational burden and increases blockchain network throughput.

Arbitrum

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

Project Website: https://arbitrum.io/

Tokens Unlocked This Time: 95.87 million

Value of Unlocked Tokens: Approximately $13.71 million

Arbitrum is an Ethereum Rollup designed to improve Ethereum's scalability. It aggregates and processes off-chain transactions before submitting a single transaction to the Ethereum mainnet. This allows users to enjoy faster and cheaper transactions while still benefiting from the security and decentralization of the Ethereum network. The native token of Arbitrum is ARB. ARB holders can participate in the decision-making process, such as proposing and voting on protocol upgrades or changes.