Avalanche To Unlock 9.54 Million AVAX, Worth $103M On August 26
This week, on August 26, Token Unlocks has shown that Avalanche will be unlocking 9.54 million AVAX. This accounts for about 2.77% of the total supply, which equates to approximately $103 million.
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The allocation breakdown is as follows: 2.25 million for strategic partners, 1.67 million for foundations, 4.5 million for teams, and 1.13 million for airdrops. As of now, the current price of AVAX is $10.81 and the 24-hour trading volume is about $80 million.
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The Avalanche Foundation last week granted up to $3 million in AVAX tokens to Dexalot, a central order limit book DEX operating on a subnet, as part of the Multiverse initiative driving new subnet growth.
On 2nd August, Balancer, a renowned decentralized automated market maker (AMM) with a staggering $1 billion in total value locked, officially deployed on Avalanche, a high-performance blockchain known for its throughput, fast finality, energy efficiency, and scalability through custom Subnets. Balancer’s foray into Avalanche aims to drive the growth of liquid staking on the network while offering users a more versatile DeFi tech stack.
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