Vested Digital Assets Worth $750 Million Set for Release in December

According to Cointelegraph, around $750 million of vested digital assets are scheduled to be unlocked and released into the markets in December. Decentralized exchange (DEX) dYdX will unlock the largest amount, with 150 million tokens vested for investors, founders, and employees. The tokens are worth almost $500 million at current market prices. Initially, the tokens issued by dYdX were supposed to be released in February, but the exchange announced in January that the lock-up would be extended. The tokens are now set to be unlocked on Dec. 1, 2023, at 12:00 (UTC). Following its initial unlock date in December, the company will unlock more tokens from January 2024 to June 2024. Apart from dYdX, other projects are also scheduled to release their hold on token allocations soon. Ethereum layer-2 network Optimism is scheduled to unlock 24 million Optimism (OP) tokens, worth around $41 million, on Nov. 30. In addition to dYdX and Optimism, decentralized finance (DeFi) protocol 1inch will release around 98 million 1inch (1INCH) tokens on Dec. 1, worth around $33 million at the time of writing. Meanwhile, proof-of-stake (PoS) blockchain project Aptos will also be one of the projects releasing a significant number of tokens in December. Token Unlocks data shows that on Dec. 12, Aptos will unlock almost 25 million Aptos (APT) tokens worth almost $180 million.