Weekly Token Unlocks: YZY Unlocks Nearly 10% of Circulating Supply

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This week, YZY and ZRO have significant unlocks.

Starknet

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

Project Website: https://starknet.io/

Unlock amount this time: 130 million tokens

Unlock value this time: approximately $3.61 million

Starknet is an Ethereum Layer 2 that leverages 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 STARK, Starknet verifies transactions and computations without requiring all network nodes to verify every operation. This significantly reduces the computational burden and increases the throughput of the blockchain network.

The specific release curve is as follows:

YZY

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

Project Website: http://money.yeezy.com/

Unlock amount this time: 29.17 million tokens

Unlock value this time: approximately $8.4 million

A token issued by Kanye.

The specific release curve is as follows:

Arbitrum

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

Project Website: https://arbitrum.io/

Unlock amount this time: 96.84 million tokens

Unlock value this time: approximately $13.17 million

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

The specific release curve is as follows:

ZKsync

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

Project Website: https://zksync.io/

Unlock amount this time: 170 million tokens

Unlock value this time: approximately $1.65 million

zkSync is a Layer 2 scaling solution developed by Matter Labs that preserves the security properties of the underlying blockchain by utilizing the latest generation of succinct zero-knowledge proofs. All funds in zkSync are held by smart contracts on the main chain, while computation and storage are executed off-chain.

The specific release curve is as follows:

Layerzero

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

Project Website: https://layerzero.network/

Unlock amount this time: 25.83 million tokens

Unlock value this time: approximately $26.09 million

LayerZero is an omnichain interoperability protocol designed for lightweight cross-chain messaging. LayerZero provides trusted and guaranteed message delivery with configurable trustlessness.

The specific release curve is as follows: