Weekly Token Unlock: ZRO Unlocks 5.8% of Circulating Supply

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ZRO
$1.38-8.15%
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TOKEN
$0.001360.96%
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LAYER
$0.0433-6.07%
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ARB
$0.1357-1.23%
AI summary iconSummary
New token listings and token launch news dominated this week’s blockchain activity as multiple projects executed scheduled token unlocks. ZRO unlocked 23.28 million tokens valued at approximately $35.39 million, while Cronos released 1.17 billion tokens worth $51.29 million. Arbitrum and ZKsync also saw unlocks of 96.44 million ARB ($12.73 million) and 170 million tokens ($13.9 million), respectively. These events are part of standard token release plans across the ecosystem.

Cronos

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

Project website: https://cronos.org/

Amount unlocked this time: 1.17 billion tokens

Amount unlocked this time: approximately $51.29 million

The Cronos Network is a Layer 1 blockchain built on the Cosmos SDK, compatible with the Ethereum Virtual Machine (EVM) and Inter-Blockchain Communication (IBC).

The specific release curve is as follows:

Arbitrum

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

Project website: https://arbitrum.io/

Amount unlocked this time: 96.44 million tokens

Amount unlocked this time: approximately $12.73 million

Arbitrum is an Ethereum Rollup designed to enhance Ethereum's scalability by aggregating and processing off-chain transactions before submitting them as a single transaction to the Ethereum mainnet. This allows users to enjoy faster, lower-cost transactions while still benefiting from Ethereum’s security and decentralization. Arbitrum’s native token is ARB. ARB holders can participate in governance, 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/

Amount unlocked this time: 170 million tokens

Amount unlocked this time: approximately $1.39 million

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

Amount unlocked this time: 23.28 million tokens

Amount unlocked this time: approximately $35.39 million

LayerZero is a cross-chain interoperability protocol designed for lightweight message passing across blockchains. LayerZero provides trusted and guaranteed message delivery with configurable trustlessness.

The specific release curve is as follows:

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