Weekly token unlock: STRK unlocks 4% of circulating tokens but drives up the price

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Starknet

Project

Official Website:

Number of tokens unlocked this time: 130 million

Amount unlocked this time: approximately $7.19 million

Starknet is an Ethereum Layer 2 that uses zk-STARKs technology to make Ethereum transactions faster and cheaper. Starknet’s parent company, StarkWare, was founded in 2018 and is headquartered in Israel. Its main products include Starknet and StarkEx. By using STARK, Starknet verifies transactions and computations without requiring all network nodes to validate each operation. This significantly reduces computational load and increases the throughput of blockchain networks.

Arbitrum

Project

Official Website:

Number of tokens unlocked this time: 95.87 million

Amount unlocked this time: approximately $13.71 million

Arbitrum is an Ethereum Rollup designed to improve Ethereum’s scalability. It aggregates and processes off-chain transactions before submitting a single transaction to the Ethereum mainnet. This means users can enjoy faster and cheaper transactions while still benefiting from the security and decentralization of the Ethereum network. Arbitrum’s native token is ARB. ARB holders can participate in decision-making processes, such as proposing and voting on protocol upgrades or changes.

STRK-3.43%
ARB-2.02%
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