- In December, dYdX will unlock 150 million tokens for founders, investors
- Aptos will release tokens expected to be worth around $180 million
DYdX, 1inch, Optimism, and Aptos are expected to release locked tokens worth over $750 million by December according to data tracker Token Unlocks, cited by Cointelegraph.
dYdX to unlock the largest amount
The platform to release the most tokens is decentralized exchange dYdX, which runs on the Ethereum Mainnet and allows users to trade various cryptocurrencies with leverage. This means they can borrow funds to amplify their trading positions.
In December, dYdX will unlock 150 million tokens vested for founders, investors, and employees. At current prices, the tokens are worth almost $500 million, according to data cited by Cointelegraph.
The DEX decided to extend the lockup
At first, dYdX planned to release the tokens in February this year. In January, the exchange announced intentions to extend the lockup. The new date and time is December 1, 2023, at 12:00 AM UTC. The DEX plans to release more tokens between January and June next year.
Aptos Will Contribute $180M
The next contribution will be made by Aptos, a proof-of-stake blockchain project. Aptos will release almost 25 million Aptos tokens expected to be worth around $180 million on December 12.
Optimism Will Release $41M in November
The other platforms scheduled to release tokens soon are Optimism and 1inch. Ethereum L2 blockchain Optimism will unlock 24 million Optimism (OP) tokens on November 30. They are worth around $41 million at current prices.
1inch to Contribute $33M on Dec. 1
1inch, a DEX aggregator and automated market maker (AMM) on Ethereum, was created to address slippage and high trading fees on decentralized exchanges. It automatically splits orders among multiple DEXs to optimize for the most favorable rates. The platform will unlock 98 million 1inch (1INCH) tokens, expected to be worth around $30 million then.
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