This Week Unlocks: ApeCoin Surpasses $50M, Aptos Exceeds $20M; Moonbeam, Flow, and Lido in Queue

Data from Token Unlocks indicates that six cryptocurrency projects are set to release a significant number of tokens this week. Among these, ApeCoin (APE) and Aptos (APT) are poised for substantial unlocks.

On September 11 at 08:00 (UTC), Moonbeam will release 9.7 million GLMR tokens, valued at approximately $1.74 million. This constitutes about 1.34% of its circulating supply.

Following closely, on September 12 at 08:00, Aptos is set to unlock 4.54 million APT tokens. With an estimated value of $23.85 million, this represents nearly 2% of its circulating supply.

On September 13 at 11:33, Lido will make available 1.5 million LDO tokens, amounting to a value of roughly $2.22 million, which is about 0.17% of its circulating supply.

Euler, on September 14 at 07:17, will release 150,000 EUL tokens. These tokens are valued at approximately $400,000, making up 0.83% of its circulating supply.

On September 16 at 08:00, Flow is set to unlock 7.29 million FLOW tokens. With a valuation of around $3.09 million, this represents 0.70% of its circulating supply.

Lastly, on September 17 at 08:00, ApeCoin will unlock a staggering 40.6 million APE tokens. Valued at an estimated $51.6 million, this constitutes a significant 11.02% of its circulating supply.

This week, significant token unlocks are set to impact the crypto market. “Unlocking” in the cryptocurrency world refers to the release of tokens that were previously locked or restricted from being sold or transferred. Such restrictions are often set during initial offerings or as part of vesting agreements to stabilize token prices and incentivize long-term holding. These unlocks can influence market dynamics, as a sudden increase in available tokens might affect supply and demand.

About ApeCoin ($APE)

ApeCoin, an ERC-20 governance and utility token, operates within the APE Ecosystem, promoting decentralized community building in web3. Governed by the ApeCoin DAO, holders decide the utilization of the ApeCoin DAO Ecosystem Fund. The APE Foundation, inspired by Yuga Labs’ Bored Ape Yacht Club, oversees the APE Ecosystem, with an administrative council executing DAO decisions. Unique for its governance capabilities, ApeCoin facilitates participation in the DAO and offers exclusive ecosystem access. With a fixed supply of 1 billion tokens, 30.25% were in circulation as of March 17, 2022, set to increase over 48 months.

About Aptos

Aptos, a Layer 1 Proof-of-Stake blockchain, utilizes the Move programming language, designed by Meta’s Diem engineers. Aiming for mainstream web3 adoption, it supports DApps addressing real-world issues and boasts a potential 150,000 tps via parallel execution. After securing $350 million in funding from notable investors like a16z, FTX Ventures, and Binance Labs, its valuation reached $4 billion by September 2022. Aptos’s mainnet launched in October 2022. The native currency, APT, has a total supply of 1 billion, with a current circulation of 130 million. Distribution includes allocations for community growth, core contributors, and investors, with specific vesting schedules.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

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Uniswap to Join the Polkadot Ecosystem via Moonbeam Network, Bolstering Liquidity and Volume

According to a recent series of tweets by Polkadot, Uniswap, the most widely used decentralized exchange (DEX) based on daily traded volume, is set to make its debut in the Polkadot ecosystem via the Moonbeam Network parachain. This integration is anticipated to significantly enhance liquidity and trading volume across the ecosystem.

Uniswap offers users a trustless, permissionless, and non-custodial method to access a broad range of tokens. Its entrance to the Polkadot ecosystem propels forward the development of a novel universe of decentralized financial (DeFi) products and services on Polkadot.

Oelassar, Global Head of Growth & Business Development at Parity Tech, commented on the development. “Polkadot is a strong fit for Uniswap, whose users can discover the network’s high performance, scalability, security, and interoperability. Polkadot’s DeFi ecosystem benefits from a marquee name in the space.”

Moonbeam, a layer-1 Polkadot parachain, enables full Ethereum Virtual Machine (EVM) compatibility, native interoperability, and prioritizes secure cross-chain integration solutions. Over the last year, the network has reported significant user growth.

The initiative to bring Uniswap to Polkadot and Moonbeam has been led by the University of Michigan Blockchain group. This proposal has successfully passed through Moonbeam’s governance process today, with robust community support. Upon activation, all parachains within the Polkadot ecosystem will have immediate access to Uniswap.

This development marks a significant milestone for Polkadot as it continues to foster innovation and inclusivity in the blockchain industry. By welcoming Uniswap, one of the flagship platforms in the DeFi space, Polkadot is further positioning itself as a leading hub for decentralized finance, ensuring its users have access to the most advanced and diverse range of DeFi services.


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Polkadot Developers Gains Access to Chainlink Oracle Through Moonbeam Integration

Thanks to the latest integration of Chainlink oracle into the Moonbeam smart contract platform, developers in the broader Polkadot ecosystem can now access reliable price feeds as they seek to build functional DApps. (83).jpg

While the access to Chainlink oracles was first introduced into Moonbeam back in December last year, the access was to permit the parachain’s developers to access the needed data through the Chainlink oracle resident on Polkadot. The latest integration is a more direct linkup and is projected to expand the activities on the Moonbeam network.


“Price Feeds complete a critical component of Moonbeam’s developer infrastructure, and that’s something that will lead to the development of future DeFi products,” Niki Ariyasinghe, global head of partnerships at Chainlink Labs, said in a message.


Chainlink Oracles helps developers within a blockchain ecosystem work with external data from a particular protocol, helping to create applications based on data integrity. Considering how vital their roles are in the industry, stakeholders within the Moonbeam community had been requesting that Chainlink oracle be integrated for quite some time as confirmed by Derek Yoo, founder of the Moonbeam Network.


“Chainlink was a top requested feature from our community, and with the integration in place, friction is further reduced for developers building DeFi and other use cases,” Yoo said, noting that Chainlink is a “reliable oracle service.”


The Moonbean Network came on as the second winner of the parachain auction slot to build on the Polkadot blockchain back in November last year. Like the other winners including the Astar Network and Acala amongst others, Moonbeam is interoperable with the main Polkadot block known as the Relay Chain as well as the other parachains.


This interoperability will easily aid the integrated Chainlink Oracle to feed every developer in the Polkadot ecosystem, helping them to create new solutions across the board.

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New Altcoin Built on Polkadot (DOT) Explodes After Launch, Gets Quick Listing From Binance

An eagerly anticipated Polkadot-based project is lighting up the night sky after crypto exchange Binance announced plans to list the token.

Moonbeam (GLMR) is a smart contract platform compatible with the Ethereum Virtual Machine (EVM) that functions as a Polkadot parachain. The project goes beyond Ethereum’s base features by also offering staking, on-chain governance and cross-chain integrations.

The project highlighted its launch via a series of tweets.

“Moonbeam is the first fully operational parachain on Polkadot.

Moonbeam’s successful launch follows a broadly supported crowdloan campaign hosted by the Moonbeam Foundation! 35M+ DOT tokens (~$944M USD at the time the crowdloan ended) were contributed from 200k contributors worldwide.”

The freshly minted altcoin was released yesterday at a price of $10.57, then surged by 84.4% to a high of $19.50.

Moonbeam has since corrected and currently trades for $13.47 for an overall gain of 27.4% since first being listed.

Moonbeam’s sister project Moonriver (MOVR) also saw its price go vertical after being listed by Binance back in early November. MOVR operates on Kusama (KSM), Polkadot’s canary network.

Polkadot (DOT) is the #9 crypto asset by market cap and valued at $25.72. The interoperability project recently launched its parachain feature.

Binance says GLMR will be available in the Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT) trading pairs.

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Moonbeam Becomes First Parachain to Launch on Polkadot

Key Takeaways

  • Moonbeam has completed its parachain launch on Polkadot.
  • Crowdloan contributors can now claim their Moonbeam token rewards and stake them on the network.
  • Key infrastructure is set to go live on Moonbeam over the coming weeks, including Chainlink and The Graph.

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The Moonbeam Network has announced the completion of its launch process, becoming the first fully operational parachain on Polkadot. 

Moonbeam Debuts on Polkadot

The era of Polkadot parachains has begun.

Moonbeam became the first fully operational parachain on Polkadot Tuesday, completing its three-part launch process that started three weeks prior on Dec. 17. The full launch has removed the network’s superuser key, handing control directly to Moonbeam token holders. 

The first stage of Moonbeam’s launch started with centralized block production. Once developers confirmed everything was running smoothly, independent collators were added to help decentralize the network. Now that Moonbeam has fully launched, the network has reached a minimum of 48 collators and has activated Ethereum compatibility and token staking.  

Those who contributed to the Moonbeam parachain auction crowdloan that took place in November can now start claiming their Moonbeam governance token rewards. Initially, contributors can claim 30% of their total allocated GLMR tokens, plus an additional three weeks’ worth of vested emissions starting from when the launch process began. The remaining 70% of rewards will be released incrementally over the next 96 weeks. 

Token holders can also start delegating their GLMR tokens to a collator to earn staking rewards. The reward distribution is based on the number of tokens a user has contributed versus the total amount bonded to the collator, similar to how staking rewards are distributed on other Proof-of-Stake chains. 

Moonbeam’s GLMR token has enjoyed a strong start to trading, climbing 66% on the day. The token is currently trading at $17.44 at press time.

GLMR/USD chart. Source: CoinGecko

Moonbeam is an Ethereum-compatible smart contract platform built on one of Polkadot’s parachain slots. As a parachain, Moonbeam is secured by the main Polkadot relay chain and will enjoy interoperability with subsequent parachains as they go live. 

Because Moonbeam is compatible with the Ethereum Virtual Machine, developers can easily port over applications from the Ethereum mainnet with relatively few changes to the underlying code. As such, in the weeks following Moonbeam’s launch, key infrastructure from Ethereum is set to launch on the network, including Chainlink oracles, indexing protocol The Graph, and several multichain bridges. 

Before establishing itself on Polkadot, Moonbeam launched its Moonriver companion network on Polkadot’s canary network called Kusama. Like Moonbeam, Moonriver is also EVM-compatible and currently hosts 30 applications, including many multichain protocols such as decentralized exchange Sushi and yield optimizer Beefy Finance. Following the success of Moonriver, many in the Polkadot community are hoping Moonbeam will also be able to foster a thriving DeFi ecosystem.  

Disclosure: At the time of writing this feature, the author owned ETH, GLMR, DOT, and several other cryptocurrencies. 

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Polkadot’s Parachain Auctions Filling up With Astar Network Winning Third Slot

In what is best described as a precedented move, the Astar Network has won the third parachain auction slot on the Polkadot Network. - 2021-12-03T115450.908.jpg

With the total number of positions filling up so fast, the capabilities of the Polkadot blockchain are now being stretched, just as it is designed to operate.

Riding on the prior successes of Acala and the Moonbeam networks, Astar Network raised a total of 10,333,552 DOT coins worth approximately $372.9 million to secure the third slot from more than 27,000 contributions. Astar Network will now be joining the limited number of protocols that would be launching with the parachain network later this December. 

Astar Network is formerly known as Plasm Network, and it represents a unique technological offshoot built on the Polkadot network. It is essentially a Substrate Runtime Module Library that allows developers to add Plasma functions to their Substrate chain. By adding an Astar (previously Plasm) Substrate Runtime Module Library, developers can get scalable blockchains within a few minutes. The tailored capabilities of these blockchains now reside with the respective developers to fathom.

Astar Network saw a massive backing in its bid toward the Polkadot auction. While the protocol and the work it is fronting is being acknowledged by Venture Capital firms and angel investors like Binance Labs, PAKA Ventures, and OKEx amongst others, Digital Finance Group allocated 300,000 DOT tokens worth approximately $12.8 million tokens to support the auction bid of the Astar Network back in November. 

Just like other previous winners, Astar Network will be rewarding its backers with its native tokens as the participant’s DOT tokens get locked for the duration in which the auction slot will be opened. There are bound to be two more contenders to make up the predefined 5 slots for the parachains. While the competitions continue to hit up, Clover Finance and Parallel Finance are still amongst the favorites to win the next slots, if the tides do not change in the coming days.

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Moonbeam Wins Second Parachain Auction Slot on Polkadot

Moonbeam, an emerging protocol that prides itself as one of the most powerful Ethereum-compatible smart contracts on the Polkadot blockchain, has won the second parachain auction slot, riding on the wings of over 200,000 of its diverse community.

The keenly contested auction ended in the protocol’s favour after it secured a total of 35 million DOT (approximately $1.4 billion) from the participating community members.

The Polkadot blockchain is building its capability to host parachains or sub-smart contracts that can foster robust interoperability and transfer assets across the board. With five parachains billed to be floated in December, the Moonbeam success in the auctions trails that of Acala which Blockchain.News reported made the first breakthrough last week.

“Moonbeam has set a new precedent for crowdloans, receiving the largest total contribution from the most contributors by far,” the Moonbeam Foundation said in the official announcement. “Over 200,000 participants contributed DOT to the crowdloan across all sources, including the Moonbeam Foundation DApp, supporting exchanges, wallets, and liquid staking providers. The average contribution was approximately 170 DOT per participant, indicative of the broad participation from Moonbeam’s global community.”

At present, more than 95 million DOT tokens, approximately $3.8 billion, have been locked in crowdloans for parachain projects across the ecosystem. There are three more protocols in the running to win a slot as part of the parachains on Polkadot. Based on the total contributions in each protocol, according to data from, Parallel Finance, Astar, and Clover Finance are the most favoured to win the auctions at the time.

While the contributed DOT tokens are billed to be locked for the duration in which the parachain slot will be leased, participants are billed to be incentivized adequately for their support. The Moonbean Foundation said its rewards now account for 15% of its total GLMR token supply.

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