Glossary
123 articles
tokenomics
What is Absorption Capacity? Why Unlock Size Only Matters Relative to Liquidity
Absorption capacity is how much new supply a market can take without dislocation, judged against volume, depth and float. Learn why $2.37M can hurt more than $600M.
Glossary
tokenomics
What is an Active Claim? Imminent Token Unlock in Progress
An active claim is a token unlock currently in the committed or announced window: between team announcement and on-chain execution. Learn how Tokenomist surfaces active claims for real-time supply monitoring.
Glossary
tokenomics
What is Adjusted Market Cap? Tokenomist's Proprietary Valuation Metric
Adjusted market cap explained: Tokenomist's proprietary metric using released supply instead of reported circulating supply for more accurate token valuation and insider exposure analysis.
Glossary
tokenomics
What is a Crypto Airdrop? How Free Token Distributions Work
Crypto airdrops explained: how retroactive and points-based distributions work, why airdrop sell pressure matters, and how to evaluate airdrop unlock schedules.
Glossary
tokenomics
What is All Unlocks? The Complete Token Release View on Tokenomist
Understand the All Unlocks filter on Tokenomist: the broadest view of every scheduled token release including cliff, linear, mining, and yield farming events.
Glossary
tokenomics
What is an Announced Claim? Pre-Execution Token Unlock Disclosure
An announced claim is when a project team publicly discloses the exact amount of tokens to be claimed before on-chain execution. Learn how Tokenomist tracks announced claims in the claim lifecycle.
Glossary
tokenomics
Assumption and Precision: How Tokenomist Grades Data Confidence
Tokenomist's assumption and precision framework explained: 5 assumption types and 7 precision levels that grade every data point by source reliability and temporal accuracy.
Glossary
tokenomics
What is a Beacon Chain Deposit? How ETH Enters Staking
A Beacon Chain deposit sends ETH into Ethereum's staking contract to activate a validator. Learn how the activation queue works and why gross deposits are not net flow.
Glossary
tokenomics
What are Beneficiary Categories? Standardized Token Allocation Groups
Beneficiary categories explained: Tokenomist's 6 standardized groups for classifying token allocations: Founder/Team, Private Investors, Public Investors, Reserved, Community, and Other.
Glossary
tokenomics
What is a Big Unlock? Major Token Release Events Over $10M
Learn what Big Unlock means on Tokenomist: a filter for major token unlock events exceeding $10M in value, excluding mining and yield farming, that can meaningfully move token prices.
Glossary
tokenomics
What is a Block Reward? Consensus Issuance With No Unlock Date
A block reward is new supply minted each block for miners or validators, issued by protocol rule rather than by contract. Learn why it needs a projected schedule.
Glossary
market-making
What is Buyback Yield? Sizing a Buyback Against the Token It Shrinks
Buyback yield is annual buyback spend as a share of market cap, the token analogue of shareholder yield. Learn when a program is material and when it outruns revenue.
Glossary
tokenomics
What is Circulating Supply? How It Affects Token Valuation
Circulating supply explained: how Tokenomist distinguishes it from released supply, locked supply, and five other supply metrics, and why the distinction matters for accurate valuation.
Glossary
tokenomics
What is Claim Percentage? Measuring Token Unlock Magnitude
Claim percentage is the share of total token supply represented by a single claim transaction. Learn how Tokenomist uses this metric to help investors assess the magnitude and market impact of individual token unlocks.
Glossary
tokenomics
What is Claim Restraint? When a Team Claims Less Than It Is Owed
Claim restraint is a team claiming far less than its vesting schedule allows. Learn how Hyperliquid's gap ran 6x to 71x, and why deferred supply is not cancelled supply.
Glossary
tokenomics
What is Claim Status? Tokenomist's Three-Stage Claim Lifecycle
Understand claim status in crypto token unlocks: Tokenomist's three-stage verification system (Whitepaper, Committed, Completed) for tracking token distribution confidence levels.
Glossary
tokenomics
What is Claim to Address? Tracking Token Unlock Destinations
Claim to address is the destination wallet that received claimed tokens on-chain. Learn how Tokenomist tracks where unlocked tokens go (to exchanges, personal wallets, or DeFi protocols) and why it matters for sell pressure analysis.
Glossary
tokenomics
What is Claimed Supply? On-Chain Token Claim Tracking Explained
Learn what claimed supply means in crypto tokenomics: fully executed on-chain claims, how it relates to unlocked supply on the Released Progress bar, and how to track it on Tokenomist.
Glossary
tokenomics
What is Cliff Expiry? The Day a Lockup Ends and Float Resets
Cliff expiry is the date an allocation's initial lockup ends, usually 12 months after TGE. Learn why it is often the largest single-day float expansion in a token's life.
Glossary
tokenomics
What is a Cliff Unlock? How Cliff Events Impact Token Prices
Understand cliff unlocks in crypto: how discrete, non-daily token release events work, why they cause price volatility, and how to track them using Tokenomist's Token Unlocks dashboard.
Glossary
tokenomics
What is a Committed Claim? Firm Pre-Execution Token Unlock Status
A committed claim is the firmest pre-execution status in Tokenomist's claim lifecycle: the team has announced this amount will be claimed but it is not yet confirmed on-chain. Learn how committed claims signal supply pressure.
Glossary
tokenomics
What is a Countdown Timer? Tracking Time to Token Unlock Events
Understand countdown timers in crypto token unlocks: how Tokenomist displays time remaining until scheduled unlock or claim events, with relative time and live HH:MM:SS formats.
Glossary
tokenomics
What is Crypto Market Emission? Reading Unlock Supply at the Market Level
Crypto market emission is the aggregate dollar value of all scheduled token releases across the market. Learn how to read a heavy or light supply week.
Glossary
tokenomics
What is a Cumulative Unlock Projection? Reading Supply Months Ahead
A cumulative unlock projection is the running total of scheduled releases out to a future date. Learn how it turns an unlock calendar into a comparable forward dilution curve.
Glossary
tokenomics
Cumulative vs Non-Cumulative Unlocks: Two Views of One Schedule
Cumulative charts plot supply released to date; non-cumulative charts plot the amount released each period. Learn which question each view answers and when to switch.
Glossary
tokenomics
What is a Digital Asset Treasury Company? The Balance Sheet Buying Your Unlock
A digital asset treasury company buys one token with market-raised capital, not protocol fees. Learn how StablecoinX absorbed an ENA insider unlock, and why that bid expires.
Glossary
tokenomics
What is Token Dilution? How New Supply Reduces Existing Holder Value
Token dilution explained: how new tokens entering circulation through unlocks, emissions, and airdrops reduce each existing holder's proportional share of protocol value.
Glossary
tokenomics
What is Discretionary Vesting? When Unlocked Does Not Mean Claimed
Discretionary vesting lets a beneficiary claim up to a scheduled maximum without obliging it to. Learn why the projected unlock becomes a ceiling, not a forecast.
Glossary
tokenomics
What is Dynamic Emission? Variable vs Fixed Token Supply Schedules Explained
Dynamic emission explained: how tokens with buyback, burn, or governance-adjustable emission mechanisms differ from fixed supply schedules, and why it matters for supply forecasting.
Glossary
tokenomics
What is an Early-Claim Penalty? When Claiming Sooner Forfeits Tokens
Early-claim penalties explained: how 0G's forfeiture ladder running from 60% at TGE down to zero at day 365, and Lybra's 95% early-vest charge, turn released supply into a range.
Glossary
tokenomics
What is the Emission Allocation Split? Where New Supply Actually Goes
The emission allocation split explained: how Osmosis moved staking from 25% to 50% of issuance and flipped net staking yield from -4.1% to 21.8% with token flow flat.
Glossary
tokenomics
What is Emission Sustainability? Weighing Fee Revenue Against Emission Cost
Emission sustainability tests whether fee income can absorb the token value a protocol emits as incentives. Learn the ratio that separates survivable schedules from dilution.
Glossary
tokenomics
What is Token Emission? Understanding Crypto Supply Dilution Rates
Token emission explained: the net change in released supply over a period, calculated as Inflation minus Deflation. Learn how to analyze emission rates and forecast dilution on Tokenomist.
Glossary
tokenomics
What is an Escrowed Token? The Non-Transferable Layer Before Float
Escrowed tokens explained: non-transferable reward wrappers such as esXAI and esLBR that must themselves vest into the liquid token, creating a second queue before float.
Glossary
tokenomics
What is ETH Staking APR? Beacon Chain Yield Explained
ETH staking APR is the annualized return for staking ether on the Beacon Chain. Learn what sets the rate, why it falls as more ETH is staked, and how to read it.
Glossary
tokenomics
What is the ETH Withdrawal Queue? Validator Exits After Shanghai
The ETH withdrawal queue is the rate limited path staked ether takes back to a wallet. Learn how Shanghai enabled exits and why pending volume is scheduled supply.
Glossary
tokenomics
What is a Fair Launch? Tokenomics With No Pre-Sale and No Insider Overhang
A fair launch sells no tokens to investors at a privileged price, so no investor unlock exists by construction. Learn what it removes, what it does not, and how to verify it.
Glossary
tokenomics
What is a Fee Burn? Deflation That Scales With Network Usage
A fee burn destroys part of every transaction fee by protocol rule, so deflation tracks network usage. Learn how the deflation threshold works and why it is excluded.
Glossary
tokenomics
What is Fee Routing? How Much Protocol Revenue Reaches Holders
Fee routing is the policy deciding what share of protocol fees reaches token holders and where the rest goes. Learn why the holder-facing bid can move even when revenue does not.
Glossary
tokenomics
What is a Float-Doubling Unlock? When One Release Exceeds Circulating Supply
A float-doubling unlock releases 100% or more of circulating supply in one event. Learn why its dollar value usually understates it and what it reveals about a thin float.
Glossary
tokenomics
What is Float %? Token Float Percentage and Unlock Sensitivity Explained
Float % explained: how Tokenomist calculates the percentage of total supply freely tradeable, why low float tokens are more sensitive to unlock events, and how to use it for risk assessment.
Glossary
tokenomics
What is Fully Diluted Valuation (FDV)? Year-2035 Methodology Explained
Fully diluted valuation (FDV) explained: the theoretical total market value assuming all tokens are in circulation. Learn how Tokenomist uses Max Supply or Year-2035 projections for unlimited-supply tokens, plus Adjusted Market Cap.
Glossary
tokenomics
What is a Halving? The Step-Down Emission Schedule Explained
A halving is a pre-programmed cut in a network's block-reward issuance, stepping the emission curve down. Learn what triggers it, why the date is an estimate, and why it prices early.
Glossary
tokenomics
What is Holder Concentration? Why Top-Wallet Share Decides Real Liquidity
Holder concentration is the share of supply sitting in the largest wallets. Learn why a healthy float can trade as if it were far smaller, and how it changes any unlock read.
Glossary
tokenomics
What is Implied FDV? Turning a Round Valuation Into an Entry Price
Implied FDV is the valuation a funding round implies, and dividing it by total supply backs out the per-token entry price. Learn how to read it against spot, and when it breaks.
Glossary
tokenomics
What is an Insider Unlock? Team & Investor Token Releases Explained
Learn what Insider Unlock means on Tokenomist: a Pro filter that isolates team and private investor token releases, the most market-sensitive unlock events closely watched by traders.
Glossary
tokenomics
What is Investor Cost Basis? Why the Same Unlock Hits Cohorts Differently
Investor cost basis explained: the price seed, private, public sale and airdrop cohorts paid per token, and why one unlock can free 100x winners and underwater buyers at once.
Glossary
tokenomics
What are KPI-Gated Unlocks? Releases Tied to Milestones, Not Dates
A KPI-gated unlock releases tokens when a published performance threshold is met, not on a date. Learn how it breaks forward projections and who scores it.
Glossary
tokenomics
What is Linear Vesting? How Daily Token Releases Work
Linear vesting explained: how continuous daily token releases work in Tokenomist's emission methodology, how they differ from cliff unlocks, and why daily granularity matters for supply analysis.
Glossary
tokenomics
What is a Liquid Staking Token? Keeping Staked Supply in Circulation
A liquid staking token is a transferable receipt minted against staked assets. Learn how it keeps bonded stake usable as collateral and changes effective float.
Glossary
tokenomics
What is Liquidity Mining? Token Emission Incentives Explained
Liquidity mining explained: how protocols distribute tokens to attract liquidity, the inflation trade-off, and how emission schedules affect long-term token value.
Glossary
market-making
What is the Loan and Call Option Model in Crypto Market Making?
In the loan and call option model, an issuer lends tokens to a market maker who receives call options over them as compensation. Learn how the structure works, why incentives can misalign, and which terms protect the issuer.
Glossary
tokenomics
What is a Locked-Allocation Burn? Burning Supply That Never Reached the Float
Locked-allocation burns explained: WLFI's 10% enrollment burn and Aster's matched team burn cut max supply and the forward unlock calendar without touching circulating supply.
Glossary
tokenomics
What is Locked Supply? Understanding Token Lock-Up Mechanics
Locked supply explained: tokens restricted from trading with specified lock durations and release mechanics. Learn how cliff and linear unlock schedules work on Tokenomist.
Glossary
tokenomics
What is Locked Token Staking? When Unvested Supply Earns Rewards
Locked token staking is whether unvested allocations may be staked. Monad bars it, Celestia allows it, and whether the rewards arrive liquid is a separate design choice.
Glossary
tokenomics
What is Low Float / High FDV? Why It Matters for Token Investors
Low float / high FDV tokens explained: why a small circulating supply with massive locked allocations creates outsized unlock risk and how to evaluate these tokens.
Glossary
market-making
What is Maker vs Taker Volume? Passive and Active Liquidity
Maker volume trades against a market maker's own resting orders, taker volume crosses the spread to hit someone else's. Learn why the split matters more than the total.
Glossary
tokenomics
What is the Market Cap to TVL Ratio? Valuation Against Capital On-Chain
Market cap to TVL divides a token's valuation by the capital deposited in its protocol. Learn how it reads against present usage, and how the FDV version differs.
Glossary
tokenomics
Market Cap vs FDV: Why Both Metrics Matter for Token Valuation
Market cap vs fully diluted valuation explained: how circulating supply and max supply create two different valuation perspectives, and what the gap between them means for future dilution.
Glossary
tokenomics
What is Market Cap? The Foundational Crypto Valuation Metric
Market cap explained: how Current Price × Circulating Supply determines token valuation, how it compares to FDV, and how Tokenomist distinguishes Reported vs Adjusted Market Cap for deeper analysis.
Glossary
market-making
What is a Market Maker Composite Score? How Rankings Are Built
A composite score is the weighted number behind a market maker's leaderboard rank. Learn the five inputs Forgd scores and why the letter grade compresses them.
Glossary
market-making
What Does a Crypto Market Maker Charge? Fee Structures Explained
Crypto market makers are paid through retainers, token loans with call options, exchange rebates, or a mix. Learn what sits inside each structure, which costs are hidden, and how to compare two quotes on equal terms.
Glossary
market-making
What are Market Maker KPIs? Uptime, Spread and Depth Obligations
Market maker KPIs are the measurable quoting obligations in a market making agreement: maximum spread, minimum depth and required uptime. Learn how each is defined, how they interact, and how to write ones that can be enforced.
Glossary
market-making
What is Market Maker Uptime? Definition and How It Is Measured
Market maker uptime is the share of a period during which a firm's quotes met their spread and depth obligations at the same time. Learn how sampling frequency and outage caps change what the number means.
Glossary
market-making
What is a Market Making Agreement? Terms, KPIs and Enforcement
A market making agreement is the contract between a token issuer and a market maker setting out quoting obligations, fees and duration. Learn what belongs in one, which KPIs are enforceable, and where founders lose leverage.
Glossary
tokenomics
What is Max Supply? Hard Caps, FDV, and Infinite Supply Tokens Explained
Max supply explained: the hard cap on tokens that will ever exist, how it drives FDV calculations, and how Tokenomist handles tokens with no max supply using Year-2035 projections.
Glossary
tokenomics
What is a Node Sale Allocation? Selling Licences as a Distribution Channel
A node sale allocation pairs an up-front licence purchase with vesting token rewards. Learn why it is both a fundraise and an allocation bucket, and how it vests.
Glossary
tokenomics
What is a Notable Cliff Release Event? Tracking High-Impact Token Unlocks
Learn what Notable Cliff Release Events are in crypto tokenomics: discrete, high-impact token releases flagged for investor attention on Tokenomist's Unlock Events table.
Glossary
tokenomics
What is an On-Chain Claim? How Unlocked Tokens Move to Market
On-chain claims explained: how unlocked tokens are claimed by beneficiaries, what the gap between unlock and claim reveals about holder intent, and how to track claim activity.
Glossary
market-making
What is Order Book Depth? Definition, Thresholds and Measurement
Order book depth is the notional resting on each side of the book within a set distance from mid price. Learn why the distance threshold changes everything, how depth is measured, and why it cannot be read apart from spread.
Glossary
tokenomics
What is an OTC Token Sale? Ownership Changing Hands Before the Unlock
An OTC token sale is a privately negotiated transfer of existing tokens, usually from treasury, minting nothing. Learn why float models can still understate the risk.
Glossary
tokenomics
%Circ vs %Total: The Two Denominators Behind Every Unlock Headline
%Circ sizes an unlock against circulating supply, %Total against total supply. Learn why one event can read 104.17% and 20.83% at once, and which denominator to use.
Glossary
tokenomics
What is a Points Program? The Pre-Token Scoreboard That Decides Allocation
A points program awards non-transferable units for activity before a token exists, then converts them into allocation. Learn how it shapes behaviour and the eventual float.
Glossary
tokenomics
What is Protocol Revenue? Real Yield vs Token Emissions
Protocol revenue vs token emissions: what real yield means, how to compare fee revenue against inflation, and why this ratio determines long-term token sustainability.
Glossary
tokenomics
What is a Public Sale? Launchpad and Auction Rounds Before a TGE
A public sale is the pre-TGE round sold to retail through a launchpad, exchange or auction. Learn how it sets retail's cost basis and why these tranches rarely vest long.
Glossary
tokenomics
What is Raise Amount? Total Capital Raised and Token Sell Pressure Explained
Raise amount explained: how total capital raised across fundraising rounds affects investor allocations, vesting cliffs, and potential sell pressure on token unlock events.
Glossary
tokenomics
What is a Release Mechanism? How Tokens Actually Enter Circulation
A release mechanism is the channel behind a supply increase: mining, staking, yield farming, airdrops, auctions or vesting. Learn why the channel matters.
Glossary
tokenomics
What is Release Percentage? Understanding Unlock Size Relative to Supply
Learn what Release Percentage means in crypto token unlocks: how to interpret the Release % column in Tokenomist's Unlock Events and Supply Analytics tables to gauge unlock impact.
Glossary
tokenomics
What is Released Progress? Token Distribution Lifecycle Tracker
Understand the Released Progress bar on Tokenomist: a dual-bar visualization showing Unlocked Supply and Claimed Supply as percentages of total supply, with five supply states for at-a-glance distribution analysis.
Glossary
tokenomics
What is Released Supply? Why Released ≠ Circulating Supply
Released supply explained: the total amount of unlocked and claimable tokens, including those still held in stakeholder wallets. Learn how it differs from circulating supply on Tokenomist.
Glossary
tokenomics
What is Reported Market Cap? Standard Market Cap in Crypto Explained
Reported market cap explained: how it is calculated using CoinGecko's reported circulating supply, why it differs from adjusted market cap, and what it tells you about a token's valuation.
Glossary
tokenomics
What is Restaking? Reusing Staked Capital to Secure Other Protocols
Restaking pledges staked ETH or a liquid staking token a second time to secure other protocols for extra fees. Learn how the layered lockup changes float, yield and risk.
Glossary
market-making
What is a Retainer Market Making Deal? Fees, Scope and Trade-offs
A retainer market making deal pays a market maker a fixed periodic fee to quote, with no token loan or options. Learn what a retainer typically covers, how it compares to loan and call option deals, and when it is worth the cash.
Glossary
tokenomics
What is 7+ Days Unlock? Forward-Looking Token Release Planning
Learn what the 7+ Days Unlock filter means on Tokenomist: a Pro feature that shows token unlock events scheduled 7 or more days ahead for forward-looking position planning and risk management.
Glossary
tokenomics
What are Stake-Directed Emissions? When Capital Flow Replaces the Schedule
Stake-directed emissions let staked capital, not a calendar, decide where new tokens go. Learn how Bittensor's dTAO reallocates supply in real time and what it breaks.
Glossary
tokenomics
What is Staking Lockup? How Staking Reduces Circulating Supply
Staking lockups explained: how validator bonds and staking requirements remove tokens from circulation, unbonding periods, and the impact on effective float.
Glossary
tokenomics
What are Staking Rewards? The Emission Line That Outlives Every Vesting Schedule
Staking rewards are newly minted tokens paid for securing a proof-of-stake network. Learn why they dilute non-stakers and outlast every vesting schedule.
Glossary
tokenomics
What is 30-Day Supply Growth? Ranking Tokens by Realised Dilution
30-day supply growth is the realised increase in circulating supply over a trailing month. Learn how it ranks which tokens are diluting fastest right now.
Glossary
tokenomics
What is Supply Offset? How Burns and Buybacks Counter Emission
Supply offset is the share of circulating supply removed by burn or buyback activity. Learn how Tokenomist reports each separately and how it reads against emission.
Glossary
tokenomics
What is Supply Overhang? The Locked Supply the Market Prices In Early
Supply overhang is the locked and undated token supply still to come, measured against today's float. Learn why it weighs on price before anything is released.
Glossary
tokenomics
What is Supply Pressure? How Token Unlocks Affect Market Price
Supply pressure explained: how token unlocks increase selling pressure, which unlock types create the most impact, and how to quantify pressure using float ratios.
Glossary
tokenomics
What are Supply States? Released, Unreleased, and Untracked Token Supply Explained
Supply states explained: how Tokenomist classifies total token supply into Released, Unreleased, and Untracked categories on the supply progress bar for transparent supply analysis.
Glossary
tokenomics
What is TBD Locked Supply? Tokens Without a Determined Unlock Date
TBD locked supply explained: tokens locked without a determined release date, held in treasuries or reserves pending governance votes or future events. Track them on Tokenomist.
Glossary
tokenomics
What is TGE Valuation? How Launch Pricing Sets Post-Listing Pressure
TGE valuation is the FDV a token lists at, read against its last private round. Learn why launch pricing decides how much upside is left for public buyers.
Glossary
tokenomics
What is Token Allocation? The 6 Standardized Categories Explained
Token allocation explained: how Tokenomist standardizes supply distribution into six categories (Founder/Team, Private Investors, Public Investors, Reserved, Community, and Other) for cross-project comparison.
Glossary
tokenomics
What is a Token Burn? Programmatic vs Non-Programmatic Burns Explained
Token burns explained through Tokenomist's 2-dimensional taxonomy: Programmatic vs Non-Programmatic types, and Governance, Protocol Design, and Project Decision reasons. Track burns across projects with the Burn Screener.
Glossary
tokenomics
What is a Token Buyback? Buyback & Burn vs Treasury Buyback Explained
Token buybacks explained through Tokenomist's 3-dimensional taxonomy: Type (Buyback & Burn vs Treasury Buyback), Source (Revenue, Treasury, Protocol Fees, External Funding), and Precision (On-chain Exact, Reported, Estimated).
Glossary
tokenomics
What is a Token Emission Schedule? Inflation, Deflation & Net Supply Change
Token emission schedules explained using Tokenomist's methodology: Emission = Inflation - Deflation. Learn how historical analysis tracks all supply changes while future projections exclude unpredictable burns.
Glossary
tokenomics
What is Token Float? How Free Float Ratio Affects Price Sensitivity
Token float explained: how the ratio of circulating supply to total supply determines price sensitivity, liquidity dynamics, and vulnerability to large trades.
Glossary
tokenomics
What is a Token Generation Event (TGE)? Definition & Guide
What happens at a Token Generation Event (TGE): initial distribution, airdrop mechanics, cliff timers starting, and why TGE is the most critical moment in a token's lifecycle.
Glossary
tokenomics
What is Token Inflation? Understanding Emission-Driven Supply Growth
Token inflation explained: how emission schedules, staking rewards, and liquidity mining increase circulating supply and what it means for token holders.
Glossary
tokenomics
What is a Token P/E Ratio? Valuing a Token Against Protocol Earnings
A token P/E divides market cap or FDV by annualised protocol earnings. Learn how the denominator is chosen, why fees and revenue differ, and what a low multiple hides.
Glossary
tokenomics
What is Token Utility? The Demand Side of Tokenomics
Token utility explained: what a token is actually for (value storage, access, governance, rewards, fees, collateral) and why it decides whether new supply gets absorbed.
Glossary
tokenomics
What is Token Vesting? Complete Guide to Crypto Vesting Schedules
Token vesting explained: what it is, how cliff and linear schedules work, why it matters for crypto investors, and how to track upcoming unlocks on Tokenomist.
Glossary
market-making
What is Top-of-Book Spread? Definition and Why It Matters
Top-of-book spread is the distance between the best bid and best ask on an order book, usually quoted in basis points. Learn how it is measured, why time weighting matters, and how it is used to compare market makers.
Glossary
tokenomics
What is Total Supply? Minted Tokens Minus Burned Tokens Explained
Total supply explained: all tokens that currently exist (minted minus burned), how it differs from circulating supply and max supply, and why Tokenomist uses it as the base for allocation percentages.
Glossary
tokenomics
What is Total Value Locked? The Demand-Side Counterweight to Supply
TVL is the value of assets deposited in a protocol's contracts, used as a demand proxy. Learn why it is a stock rather than a flow, and how it moves with prices.
Glossary
market-making
What is 24h Trading Volume? Reading Crypto Liquidity
24h trading volume is the total value traded in a token over a rolling day. Learn what it says about liquidity, how wash trading distorts it, and why depth matters.
Glossary
tokenomics
What is Treasury Vesting? How Protocol Treasuries Release Tokens
Treasury vesting explained: how protocol treasuries release tokens via governance proposals, multi-year release schedules, and treasury diversification events.
Glossary
tokenomics
What is Unlock Cadence? Why Daily and Quarterly Releases Behave Differently
Unlock cadence is the interval at which a vesting tranche releases, from per-second to quarterly. Learn why the same schedule arrives as a drip or as discrete steps.
Glossary
tokenomics
What is a Token Unlock Calendar? How to Track Upcoming Releases
Token unlock calendars explained: how to read upcoming unlock events, identify high-impact cliff dates, and use Tokenomist's calendar to plan around supply changes.
Glossary
tokenomics
What is Unlock Cohort Mix? Reading the Recipient Split of a Release
Unlock cohort mix is how one release divides across beneficiary categories. Learn why a single-cohort cliff and a multi-stakeholder cliff of the same size read differently.
Glossary
tokenomics
What is Unlock Concentration? When One Event Defines the Month
Unlock concentration measures how much of a period's unlock value sits in one release. Learn why a month carried by a single cliff reads differently from a dispersed one.
Glossary
tokenomics
What is an Unlock Gap? Reading the Quiet Stretch in a Vesting Calendar
Unlock gaps explained: how to read a stretch of vesting calendar with no scheduled releases, why PYTH's year of quiet was a bounded reprieve, and when a gap signals nothing.
Glossary
tokenomics
What is Unlock Price Impact? Why Big Unlocks Are Often Already Priced In
Unlock price impact is the measured price behaviour around a release: drift before, reaction on the day, recovery after. Learn why most of the measured move shows up early.
Glossary
tokenomics
What is Unlocked Supply? Vested Tokens Available for Withdrawal
Understand unlocked supply in crypto tokenomics: total tokens that have cleared their vesting period, including unclaimed tokens still in contracts, and how it differs from claimed supply on Tokenomist.
Glossary
tokenomics
What is an Upcoming Claim? Anticipating Future Token Supply Changes
Understand upcoming claims in crypto token unlocks: scheduled or announced claims not yet confirmed on-chain, including Whitepaper and Committed statuses, and how to track them on Tokenomist.
Glossary
tokenomics
What is Value Accrual? How Protocol Economics Reach the Token
Value accrual is the set of mechanisms carrying protocol economics to the token: fees, buybacks, burns, yield or scarcity. Learn why revenue alone captures nothing.
Glossary
tokenomics
What is Vote-Escrowed (ve) Tokenomics? Lock, Vote & Earn Explained
Vote-escrowed tokenomics explained: how locking tokens for governance power works, why ve-models reduce circulating supply, and examples from Curve, Balancer, and Aerodrome.
Glossary
tokenomics
What is a Vested Unlock? Structured Token Releases Explained
Learn what Vested Unlock means on Tokenomist: standard scheduled token releases excluding mining and yield farming, focusing on core team, investor, and ecosystem vesting events.
Glossary
tokenomics
What Happens When Vesting Ends? Reading a Token's Final Unlock
Vesting completion is where scheduled releases finish and dilution from vesting hits zero. Learn how the final unlock behaves and what still moves supply after it.
Glossary
tokenomics
What is a Vesting Schedule? How Token Release Timelines Work
Vesting schedules explained: how cliff periods, linear release phases, and hybrid structures control when tokens become available to team members, investors, and ecosystem participants.
Glossary
tokenomics
What is a Whitepaper Schedule? Token Unlock Baseline Timetable
A whitepaper schedule is the original token unlock timetable documented in a project's whitepaper. Learn how Tokenomist uses it as the baseline for tracking deviations through the claim lifecycle.
Glossary
Tokenomist.ai provides a complete solution for supply-side tokenomics data. Analyze future token emissions, track vesting schedules, and compare standardized tokenomics and allocation across projects to gain actionable insights