Over $83M Liquidity Unlocked this Week in Digital Tokens

• Over $83.38 million in liquidity has been injected into the crypto token market.
• SUI, OP, YGG, AGIX, ACA, GAL, and 1INCH account for the newly injected liquidity.
• SUI tops the liquidity injection with $44.4 million quantity.

In response to Token Unlocks, over $83.38 million in liquidity has been injected into the crypto token market this week throughout a number of tasks. Accounting for this quantity contains SUI, OP, YGG, AGIX, ACA, GAL, and 1INCH. The overall quantity spreads throughout every of the listed tokens at totally different ratios. It additionally represents various parts of their circulating provide.

Sui (SUI)

Sui is a layer 1 blockchain good contract protocol that gives quick, non-public, safe, and accessible digital asset possession. The challenge unlocked $44.4 million price of SUI this week, marking 11.6% of its circulating provide. SUI’s complete provide is 10,000,000,000 tokens, and on the time of writing, it traded at $0.7456.

Optimism (OP)

Optimism is a layer 2 blockchain on prime of Ethereum. The challenge unlocked $31.9 million price of OP tokens, representing 3.8% of its circulating provide. On the time of writing, OP traded at $1.32, and its complete provide was 4,294,967,296 OP tokens.

Yield Guild Video games (YGG)

Yield Guild Video games is a Metaverse NFT-focused Decentralized Autonomous Group (DAO). It unlocked $2.8 million price of YGG tokens this week, which is 3.9% of its circulating provide. YGG traded at $0.16 on the time of writing and had a complete provide of 1,000,000,000 tokens.

SingularityNET (AGIX)

SingularityNET is an AI-focused blockchain challenge that permits for decentralized accessibility. It unlocked $2.4 million in liquidity this week, representing 0.8% of its circulating provide. AGIX’s worth on the time of writing was $0.2384, with a complete provide of 1,303,100,454.48 AGIX.

Acala Token (ACA)

Acala is a DeFi community on Polkadot. It unlocked $1.2 million in liquidity this week, representing 4.3% of the ACA circulating provide. ACA’s worth on the time of writing was $0.04672, and the entire provide was 1,000,000,000 tokens.

Galxe (GAL)

Galxe is a Web3 knowledge community. The challenge unlocked $0.7 million price of GAL tokens this week, representing 1.3% of its circulating provide. On the time of writing, GAL traded at $1.32, with a complete provide of 200,000,000 GAL.

1inch Community (1INCH)

The 1inch Community unites decentralized protocols working within the DeFi area. It unlocked $20,600 in liquidity this week, which makes up 0.01% of its circulating provide. 1INCH traded at $0.3279 on the time of writing, with a complete provide of 1,500,000,000 tokens.