Around $750 million worth of vested digital assets are set to be unlocked and released into the markets in December, according to recent reports.
dYdX to unlock 150 million tokens
dYdX, a decentralized exchange, is expected to unlock the largest amount of tokens in December. The exchange will release 150 million tokens, which are currently worth nearly $500 million. These tokens were initially supposed to be released in February but the unlock date was extended to December 1, 2023.
Other projects also scheduled to release tokens
In addition to dYdX, several other projects are scheduled to release their locked tokens in the coming months. Ethereum layer-2 network Optimism will unlock 24 million tokens, worth around $41 million, on November 30. Decentralized finance protocol 1inch Network will release around 98 million tokens, worth about $33 million, on December 1. Aptos, a proof-of-stake blockchain project, will unlock nearly 25 million tokens, worth almost $180 million, on December 12.
As these tokens are released into the markets, it will be interesting to see how they impact the overall crypto landscape and investor sentiment.
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