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This week, we received notable token unlock information.
Starknet has unlocked approximately 127 million STRK. About 3% of the circulating supply. Worth around 14.9 million dollars? That's quite a sum.
What is Starknet? It seems to be a layer 2 solution for Ethereum. They say it uses a technology called zk-STARKs, which makes transactions fast and cheap. It’s developed by a company in Israel. Starknet and StarkEx seem to be their flagship products.
Using STARK seems to make transaction verification easier. It also increases throughput. Sounds amazing.
Oh, it seems zkSync will unlock 170 million Tokens. Equivalent to 7.39 million dollars? It's not as much as Starknet, but it's still a considerable amount.
zkSync is a product of Matter Labs. This is also Layer 2. It seems to use zero-knowledge proof technology. It looks like it does something off-chain. I'm not very sure about the details, though.
Both seem to be trying to improve Ethereum's scalability. The impact of the unlock might not be that significant? But I'm curious about how it will evolve in the future. Definitely something to keep an eye on.