In the ever-evolving landscape of decentralized finance (DeFi), Acala and Euler emerge as prominent players, each contributing unique features to the web3 finance ecosystem. This blog delves into the recent and upcoming token unlock events of their respective tokens, ACA and EUL. It will further shed light on their market dynamics and the impact on stakeholders.
ACA Token unlock event
Acala is creating a stable and essential liquidity layer for web3 finance. It aims to support both decentralized finance (DeFi) and centralized finance (CeFi), using cryptocurrency and real-world assets. Acala introduces the Universal Asset Hub, hosting protocols like liquid DOT (LDOT). It also includes a decentralized exchange using automated market maker (AMM) technology. The platform has an application system compatible with Ethereum Virtual Machine (EVM) and is highly customizable, based on Substrate. Acala is secured by Polkadot, serving as the liquidity gateway for Polkadot parachains and L1/L2 blockchains.
Currently, ACA is valued at $0.075 with a market cap of $66,933,466. It has a circulatory supply of 885,741,665 ACA, i.e., 55.36% of the total supply(1 Billion ACA Tokens).
Total Unlock Progress
As far as the total unlock progress is concerned, there are a total of 424.91m ACA tokens, i.e., 26.56% that are locked. While, there are 575.09m ACA tokens, i.e., 35.94% that are unlocked. However, there is a great number of 600m ACA tokens, i.e., 37.50% that are untracked.
Upcoming Unlock Event
ACA is unlocking 4.66m ACA tokens worth $350.22k in an upcoming event on 25 Dec 2023. This unlock event will cover 0.53% of the circulatory supply. This cliff unlock event will be beneficial for the Crowdioan Participants.
Previous Unlock Event
Previously, ACA unlocked 24.43m ACA tokens worth $2.06m on 01 Dec 2023. On that event, ACA allocated 11.25m ACA tokens worth $849.93k to the Acala Team, i.e., 1.27% of the circulatory supply and market cap. The remaining 16.18m ACA tokens worth $1.22m were unlocked for the Strategic Partners, i.e., 1.83% of the circulatory supply.
Price Movement
During the previous unlock event, the ACA token was priced at $0.06447. As of now, ACA is valued at $0.07548, reflecting a percentage rise of approximately 17.07%.
Euler Token Unlock Event
Euler stands out as a capital-efficient lending protocol in the realm of decentralized finance (DeFi). It empowers users to earn interest on their crypto assets or mitigate risks in volatile markets, all without relying on a trusted third party.
Setting itself apart in the DeFi landscape, Euler introduces several unprecedented features. These include permissionless lending markets, reactive interest rates, protected collateral, liquidations resistant to Miner Extractable Value (MEV), stability pools with multiple collateral support, and a host of other innovations.
Currently, EUL is priced at $3.22 with a Market Cap of $54,738,442. According to the project, its self-reported CS is 16,666,735.42 EUL with a self-reported market cap of $54,738,442. The total supply of the EUL project is 27,182,818 EUL. The maximum amount of coins that will ever exist in the life of the cryptocurrency is analogous to the fully diluted shares in the stock market. The project did not submit its data on the maximum supply.
Total Unlock Progress
As far as the total unlock progress is concerned, there are 5.66m EUL tokens, i.e., 20.81% that is locked while a great number of 21.52, EUL tokens, i.e., 79.19% are unlocked.
Upcoming Unlock Event
EUL is unlocking 123.34k EUL tokens into the crypto market worth $398.37k. This cliff unlock will be allocated to Community Selected Markets. It will cover 0.66% of the circulatory supply and market cap.
Previous Unlock Event
Previously, EUL unlocked 129.47k EUL tokens worth $418.19k. It covered 0.69% of the circulatory supply and market cap. EUL unlocked these tokens for the Community Selected Markets.
Price Movement
On the previous token unlock event, EUL was valued at $3.209. Meanwhile, EUL has maintained its price at $3.23. Therefore, the percentage rise in the price of EUL is approximately 0.654%.
Closing the Chapter: Key Insights from Token Unlocks
The ACA and EUL token unlock events provide insights into the dynamic nature of their respective projects. As these platforms continue to contribute to the evolving DeFi landscape, stakeholders closely watch the unlock events for potential opportunities and market trends. It remains essential for participants to stay informed about token dynamics and project developments in this ever-changing financial ecosystem.
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