一周代币解锁：HYPE解锁超8亿美元代币
- 核心观点：EigenLayer、Hyperliquid和Ethena三个项目即将迎来代币解锁，涉及金额和数量差异显著，其中Hyperliquid解锁金额高达8.2亿美元，市场关注度较高。
- 关键要素：
- EigenLayer本次解锁3682万枚代币，约合707万美元，其核心为以太坊上的再质押协议，允许用户通过智能合约重新质押ETH以扩展加密经济安全性。
- Hyperliquid本次解锁991万枚代币，约合8.2亿美元，定位为高性能区块链，旨在构建完全链上的开放式金融系统，整合流动性、应用与交易活动。
- Ethena本次解锁2.1亿枚代币，约合3394万美元，其算法稳定币USDe利用BTC和stETH抵押资产，并通过空头头寸对冲Delta，依赖永续合约资金费率实现锚定与收益。
- 三个项目的释放曲线各自不同，解锁规模从数百万到数亿美元不等，可能对市场流动性产生不同程度影响。
- EigenLayer和Ethena的解锁金额相对较小，而Hyperliquid的巨额解锁或引发更显著的市场波动，值得关注流通量变化。
EigenLayer
Project Twitter: https://x.com/eigenlayer
Project Website: https://www.eigenlayer.xyz/
Tokens Unlocked This Time: 36.82 million
Value of Unlocked Tokens: Approximately $7.07 million
EigenLayer is a protocol built on Ethereum that introduces the concept of restaking, a new primitive in cryptoeconomic security. This primitive enables the restaking of ETH at the consensus layer. Users who stake ETH can choose to opt into the EigenLayer smart contracts to restake their ETH and extend cryptoeconomic security to other applications on the network.
The specific unlock schedule is as follows:
Hyperliquid
Project Twitter: https://x.com/HyperliquidX
Project Website: https://hyperfoundation.org/
Tokens Unlocked This Time: 9.91 million
Value of Unlocked Tokens: Approximately $820 million
Hyperliquid is a high-performance blockchain built with the vision of creating a fully on-chain open financial system. Liquidity, user applications, and trading activity operate in synergy on a unified platform, designed to accommodate all financial operations.
The specific unlock schedule is as follows:
Ethena
Project Twitter: https://x.com/ethena_labs
Project Website: https://www.ethena.fi/
Tokens Unlocked This Time: 210 million
Value of Unlocked Tokens: Approximately $33.94 million
The algorithmic stablecoin USDe, launched by Ethena Labs, currently relies on collateral in BTC and stETH along with their inherent yields, while simultaneously creating short positions in Bitcoin and ETH to balance the delta and utilizing perpetual/futures funding rates to maintain the peg and generate yield. In essence, it uses the yield from spot positions to offset the losses on a hedged short, achieving balance while capturing ETH staking rewards and short-position funding rates.
The specific unlock schedule is as follows:
