About $650M in token unlocks scheduled for March About $650M in token unlocks scheduled for March
Unlocks scheduled for the first day of March are set to release a total of $224 million worth of tokens, accounting for over 34% of the monthly amount.
2 min read
Updated: Feb. 28, 2023 at 10:00 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Eighteen projects scheduled their unlocks to take place in March, which will release about $650 million worth of tokens into circulation, according to Token Unlocks data.
Of these 18, six projects will unlock their tokens on the first day of the month. Over $224.7 million worth of assets will be released into the market on the first day, which accounts for 34.5% of the total amount to be unlocked during March.
Unlocks scheduled for March 1
Euler (EUL), STEPN (GMT), Hedera (HBAR), Acala (ACA), 1inch (1INCH), and Galxe (GAL) will unlock their tokens on the first day of the month.
HBAR unlock will be the largest one during March. On the first day of the month, the project will release over 3 million HBAR tokens worth over $218 million.
EUL will go under a cliff unlock, releasing $201,600 worth of EUL each day until the total amount reaches $885,368. Similarly, GMT will release $221,932 daily with a linear unlock schedule.
ACA, 1INCHi, and GAL will release $4.2 million, $37,128, and $1.1 million worth of tokens, respectively.
Rest of the month
Nym (NYM) will unlock $1.3 million worth of tokens on March 3, which accounts for 0.5% of its total supply. On March 8, Tornado Cash (TORN) is expected to release 175,000 tokens worth $1.4 million.
Moonbeam (GLMR), Aptos (APT), Sweat Economy(SWEAT), dYdX (DYDX), and BitDAO (BIT) scheduled their unlocks for March 11, 12, 13, 14, and 15, respectively. GLMR will release $89,100 worth of tokens every day until the total reaches $4.27 million. SWEAT will also go under a cliff unlock by releasing a total of $1.5 million by unlocking $72,900 daily.
APT, DYDX and BIT will release $54.8 million, $19.6 million, and $109.8 million, respectively. BitDAO will release over 187 million BIT tokens worth $109,882,313 and mark the third-largest unlock of the month.
ApeCoin (APE) and Stargate Finance (STG) scheduled their unlocks for March 17. ApeCoin will release $205 million worth of tokens, which will be the second-largest unlock of the month. On the other hand, STG will go under a linear unlock period by releasing $576,923 daily.
Finally, LooksRare (LOOKS), Immutable X (IMX), and Yield Guild Games (YGG) will unlock $2.3 million, $19.2 million, and $5.2 million worth of tokens on March 24, March 25, and March 27, respectively.
Mentioned in this article
GMT 
Hedera 
Acala Token 
1inch 
Galxe 
Tornado Cash 
Moonbeam 
Aptos 
Sweat Economy 
dYdX (Native) 
BitDAO 
ApeCoin 
LooksRare 
Immutable 
Yield Guild Games Author 
Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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In this article
GMT
$0.13356
STEPN is a Web3 lifestyle app with fun social elements and gamification design.
Hedera
$0.29006
The Hedera hashgraph platform provides a new form of distributed consensus; a way for people who don’t know or trust each other to securely collaborate and transact online without the need for a trusted intermediary.
Acala Token
$0.09111
Acala is an all-in-one decentralized finance network offering a blockchain platform.
1inch
$0.39051
1inch is a decentralized exchange (DEX) aggregator that sources liquidity from various exchanges and is capable of splitting a single trade transaction across multiple DEXes.
Galxe
$1.93259
Galxe (previously Project Galaxy) is a leading Web3 credential data network and was launched on April 28, 2022, on Binance Launchpool.
Tornado Cash
$9.66896
Tornado Cash is a decentralized, non-custodial privacy solution built on Ethereum.
Moonbeam
$0.24980
Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot.
Aptos
$8.92551
Aptos is an FTX-backed layer-1 blockchain which was developed by ex-Meta employees.
Sweat Economy
$0.00687
Sweatcoin is a highly popular mobile fitness app that was first launched in 2016.
dYdX (Native)
$1.47275
DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol.
BitDAO
$1.18015
BitDAO is a decentralized autonomous organization that wants to level the playing field for every person in the world by building a decentralized token economy.
ApeCoin
$1.18277
ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.
LooksRare
$0.06082
LOOKS is the token powering LooksRare, the community-focused NFT marketplace that actively rewards traders and creators for participating.
Immutable
$1.35127
Immutable X positions itself as the first layer-two scaling solution for NFTs on Ethereum.
Yield Guild Games
$0.50539
Yield Guild Games (YGGs) is a decentralized autonomous organization (DAO) that invests in virtual world non-fungible tokens (NFTs).
