LayerZero token unlocks

When locked ZRO reaches the team, investors and the treasury, by the project’s published vesting schedule: dates, amounts, their share of the circulating supply and who receives them.

Next unlock · In 9 days

November 20, 2026

High impact

12.7M
ZRO unlocking: 3.2%
of the circulating supply: 1.27%
of the max supply: $18.8M
at the November 9 price

All of it goes to strategic partners.

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1.00B ZRO
Max supply: 400.0M ZRO
Circulating: 46.6%
Unlocked by schedule: 95.6M ZRO
Next 12 months

Unlocked supply over time

1.00B maxToday

2025202620272028

Unlocked ZRO by month under the published schedule, out of a maximum supply of 1.00B. Steps are scheduled unlocks; slopes are continuous vesting. Allocations with no fixed dates (44% of the supply) are not counted.

Scheduled unlocks

Date	Amount	Of circulating	Value	Mostly to
Nov 20, 2026	12.7M	3.2%	$18.8M	Investors
Dec 20, 2026	12.7M	3.2%	$18.8M	Investors
Jan 20, 2027	12.7M	3.2%	$18.8M	Investors
Feb 20, 2027	12.7M	3.2%	$18.8M	Investors
Mar 20, 2027	12.7M	3.2%	$18.8M	Investors
Apr 20, 2027	12.7M	3.2%	$18.8M	Investors
May 20, 2027	12.7M	3.2%	$18.8M	Investors
Jun 20, 2027	6.66M	1.7%	$9.86M	Investors

Value at the November 9, 2026 price; share against the circulating supply on that day.

Price and unlock dates

$2.30$0.715

DecFebAprJunAugOctDecFebApr

Past unlockComing unlockDot size follows the unlock’s share of the max supply. Daily closes in US dollars.

Price around past unlocks

Over 17 past unlocks, ZRO moved a median −5.9% against bitcoin in the week before and −2.0% in the week after, lagging it after 53% of them. In an ordinary week, tokens in our unlock price study moved −2.5% against bitcoin.

Unlock	Of supply	Week before	Day	Week after
Oct 20, 2026	1.27%	−7.5%	+3.7%	−12.8%
Sep 20, 2026	1.27%	+4.1%	+5.6%	+39.2%
Aug 20, 2026	1.27%	−3.8%	−3.5%	+22.3%
Jul 20, 2026	1.27%	−10.5%	−1.2%	+8.5%
Jun 20, 2026	1.27%	+7.7%	−9.2%	−13.3%
May 20, 2026	1.27%	−5.9%	+1.7%	−2.0%
Apr 20, 2026	1.27%	−20.3%	+0.9%	−9.9%
Mar 20, 2026	1.27%	−1.0%	−1.8%	+5.9%
Feb 20, 2026	1.27%	−23.4%	+9.6%	+5.0%
Jan 20, 2026	1.27%	+19.8%	+6.8%	+18.0%
Dec 20, 2025	1.27%	−6.0%	−1.1%	−7.1%
Nov 20, 2025	1.27%	+1.4%	+0.9%	−5.1%

Each move is ZRO’s change minus bitcoin’s over the same days, from daily closes. Past moves do not predict future ones.

Where the supply goes

Strategic partners31.2%

Core contributors25.5%

Community: future initiatives15.3%

Ecosystem and growth14.5%

Retroactive airdrop8.5%

Bought back from partners5.0%

Share of the maximum supply by recipient, as the project publishes it.

Where the schedule comes from

We work the dates out from LayerZero’s own vesting rules, checked against these sources on November 9, 2026:

These allocations have no fixed release dates, so they are left out of the dates and the curve above:

44%of supply without dates

Core contributorsIndividual schedules, slower than the partners’, amounts not published255.0M25.5%
Community: future initiativesNo published schedule38.0M3.8%
Ecosystem and growthHeld by the Foundation, relocked until Zero mainnet95.0M9.5%
Bought back from partnersRelocked by the Foundation50.0M5.0%
On a published schedule56.2%

LayerZero gives 12.7M ZRO a month to strategic partners; the 20th (the launch anniversary) and the June 2027 end are our reading of its one-year-lock, two-years-monthly rule.

Core contributors unlock on individual schedules LayerZero has not published, so their tokens are not in the dates above.

Questions people ask

On or around November 20, 2026: 12.7M ZRO, about 3.2% of the circulating supply, mostly to investors.

About 95.6M ZRO in 8 scheduled unlocks, worth about $141.4M at the November 9, 2026 price.

1.00B ZRO by its vesting schedule, of which about 400.0M were circulating on November 9, 2026.

Not necessarily. Unlocked tokens can be sold, and large unlocks to investors and early contributors are watched for that reason, but recipients often hold or stake, and markets usually know the date well in advance.

Other upcoming unlocks

Also on the schedule: Sui, Ondo, Pyth Network, Avalanche, Ethena, Worldcoin, Celestia and ZetaChain.

All tokens on upcoming token unlocks; CPI, FOMC and options expiries on the crypto calendar.

Every ZRO you hold, in one number

TrueHold adds up ZRO across your wallets and exchange accounts, so you know your exposure before the next unlock.

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Information only, not financial advice. Dates from LayerZero’s published vesting rules, checked November 9, 2026; prices as of November 9, 2026. The project’s own announcements are final. TrueHold is not affiliated with LayerZero.