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Information about AltLayer (ALT)
AltLayer is an open and decentralized protocol for rollups. AltLayer brings together a novel idea of Restaked Rollups which takes rollups (spun from any rollup stack such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.) and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality by leveraging restaking mechanism.
AltLayer’s core offering of restaked rollups consists of three key products:
AltLayer’s investors include Polychain Capital, Binance Labs, Jump Crypto, Breyer Capital, DAO5, Balaji Srinivasan (former CTO of Coinbase and former GP of a16z), Gavin Wood (Co-Founder of Ethereum and Parity), Sean Neville (Circle Co-Founder and USDC architect) and Ryan Selkis (Founder of Messari), among others.
ALT is a native coin of the AltLayer ecosystem, operating on BNB Chain and Ethereum according to BEP20, ERC20 standard, and can be used to:
Specifications
News
This week, over 235 million USD in tokens are set for release, with VENOM and ALT leading cliff unlocks worth over 15 million USD. Solana is the top linear unlock with 465,770 SOL valued at 66.03 million USD.
Cliff unlocks, such as those from VENOM and ALT, create quick supply impacts by releasing tokens all at once. In contrast, Solana’s linear unlock of 465,770 SOL offers a steady market supply.
ALT trading volume is $38.01m. Market capitalization reaches $337.03m.
ALT trading volume is $23.44m. Market capitalization reaches $377.08m.
Expert Pav Hundal from Swyftx exchange states that the increase in altcoins relies on the movements of Bitcoin. Altcoins could grow by 20% to 40%, but adjustments may follow in the near future.
Pav Hundal emphasizes that Bitcoin dominance might reach 65-70% before cooling off. This highlights the crucial role of Bitcoin in the cryptocurrency market.
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