Token Unlocks estimates $102B worth of unlocks in 2023

Jan. 20, 2023 at 4:00 am

By Zeynep Geylan

XRP, FIL and OP have the largest estimated locked value with $17.9 billion, $4.9 billion, and $3.7 billion, respectively.

Token Unlocks’ 2022 Annual Report estimates that $102 billion worth of tokens will be unlocked in 2023.

The data points out that December 2022 ended with $102.1 billion worth of tokens remaining locked, with a $570.8 billion Fully Diluted Value (FDV)and $468.7 billion market cap. Dividing the market cap by FDV, the report concludes that 82.1% of all tokens with fixed supply are already in free circulation in the market.

15 projects with most considerable estimated locked value

The report states that 15 projects account for more than 75% of the total illiquid tokens. Out of the top 15 largest estimated unlocks, six of them remain below $1 billion in value. In comparison, two are expected to be roughly equal to $1 billion, and the remaining seven will be worth more than a billion.

The list reveals that Ripple (XRP) ranks first with $17.9 billion worth of total locked tokens. Filecoin (FIL) and Optimism (OP) follow XRP as the second and the third, with $4.9 billion and $3.7 billion locked value, respectively.

Chainlink (LINK), BitDAO (BIT), ApeCoin (APE), and STEPN (GMT) are also ranked above the $1 billion mark. Hedera (HBAR) and Axie Infinity (AXS) are estimated to have around $1 billion worth of tokens locked up.

To read the entire article...Click Here!