TLDR
In the past week, the Layer 1s Aptos (APT), Avalanche (AVAX), and Sei (SEI) had unlocks that increased circulating supply.
- Aptos (APT): 11.31 million APT unlocked on 11 Nov, about $36.53 million, following its monthly pattern (overview).
- Avalanche (AVAX): ~1.67 million AVAX unlocked on 13 Nov, ~0.33% of circulating supply, ~$27.14 million (daybook).
- Sei (SEI): tokens worth roughly $21 million slated for release this week, adding to float if distributed (news note).
Deep Dive
1. Aptos Unlock
Aptos unlocked 11.31 million APT on 11 Nov, continuing its monthly cliff schedule.
- The breakdown includes allocations to contributors, community, investors, and the foundation, consistent with prior months (overview).
- Effect on supply is direct: new tokens enter circulation as they are distributed, with near?term impact dictated by recipient selling behavior and market depth.
Scale the importance by comparing unlock size to daily volumes; monitor where unlocked tokens move and whether demand absorbs them.
2. Avalanche Unlock
Avalanche unlocked roughly 1.67 million AVAX on 13 Nov, a modest addition relative to its float.
- Reported size equates to ~0.33% of circulating supply, with about $27.14 million in value at the time (daybook).
- Prior notes indicate the Avalanche Foundation is the recipient, so distribution timing and treasury policy shape market impact (overview).
Foundation-controlled unlocks are often less market?disruptive if they are staged; watch on?chain treasury moves and exchange inflows.
3. Sei Unlock
Seis scheduled unlock this week is flagged at roughly $21 million, implying a potential supply step-up.
- The headline value is indicative; actual impact depends on allocations and whether tokens hit exchanges quickly (news note).
- As an L1, incremental supply can move price when liquidity is thin; look for follow?through in volumes and on?chain transfers.
Treat the unlock as a catalyst window. If demand and buy?side depth expand, price impact can be muted; thin depth raises drawdown risk.
Conclusion
Recent L1 unlocks added modest increments to circulating supply, with Aptos and Avalanche following predictable schedules and Sei flagged as a near?term supply event. The real effect hinges on who receives tokens and how quickly they sell; watching recipient wallets, exchange inflows, and 24h volumes is the practical way to gauge impact without overreacting.
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