15 Cryptos Worth Over $40 Billion Locked Up, XRP Leads the Way

• TokenUnlock, a platform that uses on-chain data to track vested tokens, issued a 2022 annual report showing 15 tokens (XRP, Filecoin, Optimism, Chainlink, BitDao, ApeCoin, STEPN, Hedera, Axie Infinity, dYdX, ENS, Kadena, Curve DAO, PancakeSwap, and GALA) account for over 75% of the total illiquid tokens.
• Of the top 15 largest estimated unlocks, two are relatively equal to $1 billion while seven are worth more than a billion, and six remain below $1 billion in value.
• XRP is currently the highest-valued token locked, with $17.9 billion worth of XRP still locked in the XRPL protocol.

Today, Token Unlock, a platform that uses on-chain data to track vested tokens, released its 2022 annual report. The report found that 15 tokens (such as XRP, Filecoin, Optimism, Chainlink, BitdAO, ApeCoin, STEPN, Hedera, Axie Infinity, dYdX, ENS, Kadena, Curve DAO, PancakeSwap, and GALA) account for over 75% of the total illiquid tokens.

The report also analyzed the estimated locked value of each token. Of the top 15 largest estimated unlocks, two tokens were relatively equal to $1 billion while seven tokens were worth more than a billion, and six remained below $1 billion in value. XRP was the highest-valued token locked, with $17.9 billion worth of XRP still locked in the XRPL protocol.

Filecoin and Optimism were the second and third tokens with the highest estimated locked value tokens after XRP, each holding $4.9 billion and $3.7 billion locked value, respectively. Chainlink, BitdAO, ApeCoin, and STEPN were all found to be above the $1 billion mark, with Hedera and Axie Infinity at around $1 billion worth of tokens locked up.

The report also highlighted that these tokens will be released over time at fixed intervals. It is important to note that the estimated locked value of these tokens may change depending on factors such as market volatility. Therefore, it is important to keep track of the latest developments in the cryptocurrency market to ensure that you are making informed decisions when trading these tokens.