$102 billion worth of tokens will be unlocked in 2023
The leader of the ranking became XRP with a volume of $17,9 billion
19.01.2023 - 12:55
435
2 min
0
What’s new? TokenUnlocks has published a report on unlocking tokens in 2022-2023. According to analysts, assets totaling $102 billion will be unlocked in the market in 2023. The leaders in terms of volume will be Ripple (XRP) at $17,9 billion, Filecoin (FIL) at $4,9 billion, and Optimism (OP) at $3,7 billion.
What else is known? The estimated value of 38 tokens unlocked until 2022 amounted to $95,4 billion. Last year, $25,3 billion worth of assets were unlocked, representing 24,6% of the total volume in previous years. About 82,1% of the volume of fixed-issue tokens is currently circulating on the market.
In addition to XRP, FIL, and OP, the top ten projects by the amount of unlocking also include (in billions of dollars):
- Chainlink (LINK) — 2,9
- BitDAO (BIT) — 2,5
- ApeCoin (APE) — 2,3
- STEPN (GMT) — 1,4
- Hedera (HBAR) — 1
- Axie Infinity (AXS) — 1
- dYdX (DYDX) — 0,9
The report concludes with analysts noting that many of the projects that raised funding in 2021 will be cashing in their tokens to survive the bear market.
Earlier, Alex Svanevik, CEO of research firm Nansen, said that 2023 will be “a bloodbath” for crypto startups. He attributed this to the fact that most projects will run out of money after seed funding rounds in 2021-2022, and some will be bought by next year.
Venture capitalists invested $31,6 billion in crypto projects in 2021, and the figure rose to $37,7 billion in 2022. CeFi accounted for 14%, DeFi for 18%, NFT/GameFi for 16%, Infrastructure for 17%, and other Web 3.0 projects for 36%.
Useful material?
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024