Altlayer price

ALT

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Altlayer (ALT) emerges as a decentralized protocol designed to revolutionize the blockchain landscape by facilitating the launch of native and restaked rollups. These rollups, which can be based on optimistic or zk rollup stacks, benefit from enhanced security, decentralization, and interoperability. The protocol's innovative approach includes the concept of Restaked Rollups, leveraging mechanisms from various rollup stacks like OP Stack, Arbitrum Orbit, Polygon CDK, and ZK Stack.

A key feature of Altlayer is its native utility token, ALT, which serves multiple functions within the ecosystem. ALT is used for economic bonds, governance, protocol incentivization, and paying protocol fees. This tokenomics model ensures that ALT holders have a significant role in maintaining and governing the network.

Altlayer's core offerings are encapsulated in three main products: VITAL, MACH, and SQUAD. VITAL is an Actively Validated Service where operators verify blocks and states, raising fraud proof challenges when necessary. MACH provides faster finality to rollups by allowing operators to restake Ethereum-based assets. SQUAD offers decentralized sequencing, addressing issues like bad MEV and rent extraction.

Partnerships with entities such as Cyber, Xterio, Swell, EigenDA, and Chainlink highlight Altlayer's collaborative approach. The protocol also boasts advanced features like ZK Coprocessor & Proof Aggregation and Wallet & Account Abstraction services, enhancing its technical robustness.

Altlayer has successfully raised $22.8 million through private token sales, attracting investments from notable entities like Polychain Capital, Binance Labs, and Jump Crypto. The total supply of ALT stands at 10 billion, with a circulating supply of 1.1 billion upon listing.

The technology behind Altlayer (ALT) is a sophisticated blend of decentralized protocols and innovative blockchain solutions. At its core, Altlayer is designed to facilitate the launch of native and restaked rollups using both optimistic and zero-knowledge (zk) rollup stacks. This approach allows for the creation of customized rollups that enhance the scalability and flexibility of blockchain networks.

One of the standout features of Altlayer is its integration with Cyber to launch Cyber L2, which is part of the Optimism Superchain. This collaboration marks the first-ever social Layer 2 (L2) with restaking capabilities, providing a unique solution for decentralized applications (dApps) that require high throughput and security. The restaking mechanism is a pivotal aspect of Altlayer, leveraging EigenLayer's technology to bootstrap network security and build a decentralized network.

Altlayer's Rollups-as-a-Service (RaaS) launchpad is another critical component, enabling the easy deployment of rollups using various rollup stacks such as OP Stack, Arbitrum Orbit, ZKStack by ZKSync, and Polygon CDK. This service simplifies the process of creating rollups, making it accessible for developers to build scalable solutions on top of existing blockchain infrastructures.

The protocol also offers a suite of advanced features, including ZK Coprocessor & Proof Aggregation, Wallet & Account Abstraction, and Real World Asset Tokenization. These features enhance the functionality and interoperability of the blockchain, allowing for more complex and secure transactions.

Altlayer's restaked rollups are particularly noteworthy. These rollups consist of three vertically integrated Actively Validated Services (AVSes) created on-demand for specific rollups. The three key products within this offering are VITAL, MACH, and SQUAD. VITAL is an AVS where operators verify blocks and states committed by the rollup sequencer, raising fraud proof challenges if necessary. MACH provides faster finality to rollups by allowing operators to restake Ethereum-based assets to back any claims on the rollup state. SQUAD offers decentralized sequencing with economic backing, addressing issues like bad MEV (Miner Extractable Value) and rent extractions associated with single-sequencer rollups.

The native utility token of Altlayer, ALT, plays several crucial roles within the ecosystem. It serves as an economic bond, where the token is used alongside restaked assets to provide an economic stake that can be slashed if malicious behavior is detected. ALT token holders also have governance rights, allowing them to vote on protocol decisions. Additionally, operators in the Altlayer ecosystem can earn ALT tokens as rewards for their services, and network participants must pay for intra-network services using ALT tokens.

Altlayer has successfully raised significant funding, with 22.8 million USD from two rounds of private token sales. This financial backing has come from prominent investors, including Polychain Capital, Binance Labs, Jump Crypto, and notable individuals like Gavin Wood and Sean Neville. The total supply of ALT is 10 billion tokens, with a circulating supply of 1.1 billion tokens upon listing.

The combination of these technologies and features positions Altlayer as a robust and versatile solution for enhancing blockchain networks, providing a comprehensive ecosystem for developers and users alike.

AltLayer (ALT) is a decentralized protocol designed to enhance the scalability and security of blockchain applications through innovative rollup technology. One of its standout features is the implementation of ephemeral rollups, which allow for quick and scalable application-specific rollups. These ephemeral rollups can be spun up and down as needed, making them highly efficient for developers who need temporary scalability solutions.

AltLayer also supports persistent rollups under its Rollups-as-a-Service (RaaS) model. This service can significantly reduce the time and resources required for developers to launch and maintain their blockchain applications. By offering both ephemeral and persistent rollups, AltLayer provides flexibility and efficiency, catering to a wide range of use cases from short-term projects to long-term applications.

In the realm of Web 3, AltLayer accelerates scaling, enabling more robust and responsive decentralized applications (dApps). This is particularly beneficial for social and gaming experiences, where high transaction throughput and low latency are crucial. By leveraging AltLayer’s technology, developers can create more immersive and interactive applications that can handle a large number of users simultaneously.

AltLayer also plays a significant role in the tokenization of real-world assets. By converting physical assets into digital tokens on the blockchain, AltLayer facilitates easier and more secure transactions, ownership transfers, and asset management. This can be applied to various sectors, including real estate, art, and commodities, making these markets more accessible and efficient.

Security and interoperability are core focuses of AltLayer. The protocol enhances security through its restaking mechanism, where operators can restake Ethereum-based assets to back claims on the rollup state. This ensures that the rollups are not only scalable but also secure and reliable. Interoperability is achieved by supporting multiple rollup stacks, such as OP Stack, Arbitrum Orbit, and Polygon CDK, allowing seamless integration with various blockchain ecosystems.

AltLayer’s native utility token, ALT, serves multiple functions within the ecosystem. It acts as an economic bond, governance token, and protocol fee medium. ALT tokens are used alongside restaked assets to provide economic stakes, which can be slashed in case of malicious behavior. Token holders can participate in governance decisions, influencing the future direction of the protocol. Additionally, network participants pay for intra-network services using ALT tokens, ensuring a self-sustaining ecosystem.

The protocol’s core offerings include VITAL, MACH, and SQUAD. VITAL is an Actively Validated Service where operators verify blocks and raise fraud proof challenges if necessary. MACH provides faster finality to rollups by allowing operators to restake Ethereum-based assets. SQUAD offers decentralized sequencing with economic backing, eliminating issues like bad MEV and rent extraction associated with single sequencer rollups.

AltLayer, an open and decentralized protocol for rollups, has made significant strides in the blockchain and cryptocurrency space. The protocol introduces the concept of Restaked Rollups, enhancing security, decentralization, interoperability, and crypto-economic fast finality by leveraging a restaking mechanism. The native utility token, ALT, plays a crucial role in economic bonding, governance, protocol incentivization, and fee payments within the network.

One of the pivotal moments for AltLayer was raising $7.2 million from prominent investors such as Polychain Capital, Breyer Capital, and Jump Crypto. This funding was instrumental in advancing their technological developments and expanding their ecosystem. Another significant event was the launch of the DODOChain LaunchPool, which allowed users to stake ALT tokens, thereby increasing engagement and utility for the token.

AltLayer has also formed strategic partnerships to bolster its ecosystem. Collaborations with Nebra and Brevis have been noteworthy, as they have contributed to the development and deployment of various rollups and Actively Validated Services (AVSes). These partnerships have been crucial in enhancing the protocol's capabilities and reach.

In the realm of rollups, AltLayer has been proactive. The launch of native and restaked rollups has been a cornerstone of their strategy, providing enhanced security and faster finality. The introduction of their AVS-as-a-Service platform, Wizard, marked a significant milestone, offering a streamlined solution for deploying and managing rollups.

AltLayer's involvement in blockchain events has also been notable. Participation in Rollup Day and Korea Blockchain Week has helped in showcasing their innovations and engaging with the broader blockchain community. These events have provided a platform for AltLayer to demonstrate their advancements and gather feedback from industry peers.

The unlocking of ALT tokens on June 25th and September 16th, 2024, is another key event. These unlocks are significant for the token's liquidity and distribution, impacting the overall market dynamics for ALT. The careful planning and execution of these unlocks reflect AltLayer's commitment to maintaining a balanced and sustainable token economy.

AltLayer's collaboration with Cyber and Xterio for the launch of Cyber L2 and a gaming-focused restaked rollup has opened new avenues for the protocol. These initiatives highlight the versatility of AltLayer's technology and its potential applications beyond traditional financial use cases.

The core offerings of AltLayer's restaked rollups include VITAL, MACH, and SQUAD. VITAL focuses on actively validated services, where operators verify blocks and raise fraud proof challenges. MACH provides faster finality by allowing operators to restake Ethereum-based assets, while SQUAD offers decentralized sequencing with economic backing, addressing issues like bad MEV and rent extractions.

AltLayer has raised a total of $22.8 million from two rounds of private token sales, selling 18.50% of the total ALT token supply at $0.008 and $0.018 per ALT, respectively. This funding has been pivotal in driving the protocol's development and expansion. The list of investors includes notable names such as Binance Labs, DAO5, Balaji Srinivasan, Gavin Wood, Sean Neville, and Ryan Selkis, among others.

As of January 17th, 2024, the total supply of ALT stands at 10,000,000,000, with a circulating supply of 1,100,000,000 (11.00% of the total token supply). This distribution is crucial for the token's market presence and utility within the AltLayer ecosystem.