In the cryptocurrency industry, projects often refrain from releasing the token’s maximum supply on the open market. Instead, a portion of the token supply is put under a vesting schedule known as a lock-up period. This means that investors and contributors are unable to liquidate the crypto assets or sell on exchanges during this period, although some protocols allow staking and yield generation on vested tokens. Despite the significant release, the tradable PYTH tokens still make up only a fraction of Pyth’s total supply of nearly 10 billion per CoinMarketCap.
At the same time, over 827 million Aevo (AEVO) tokens are set to unlock within 10 days this month, which will increase the protocol’s available supply by over seven times. Aevo offers options and perpetual and pre-launch trading facilities in its decentralized exchange. While AEVO has a maximum supply of one billion, only 110 million are currently in circulation, and the tokens due to unlock are valued at over $1.2 billion.