Overview
AltLayer, a decentralized Rollup-as-a-Service (RaaS) protocol, has successfully raised $14.4 million in a strategic funding round led by Polychain Capital and Hack VC, with participation from OKX Ventures, HashKey Capital, and other prominent investors. The funds will accelerate the development of its modular Rollup infrastructure, enhancing scalability for Web3 projects.
Key Features of AltLayer
- Modular Rollup Stack: Offers customizable solutions for developers, supporting frameworks like Arbitrum Orbit and OP Stack.
- Data Availability Layers: Integrates with Eigenlayer, Celestia, and Astria for secure and efficient data handling.
- ALT Token Utility: Functions as a governance, incentive, and fee mechanism within the ecosystem.
ALT Token Launch and Distribution
Introduced in January 2024, the ALT token saw immediate traction:
- Binance Launchpool: Allocated 500M ALT (5% of total supply) for user rewards.
- Airdrop Campaigns: Distributed 300M ALT (3% of supply) to Celestia/EigenLayer stakers, NFT holders, and community participants.
Funding and Growth
- 2022 Seed Round: Raised $7.2M with Polychain Capital and Jump Crypto.
- 2023 Strategic Round: Closed $14.4M, expanding the team and tech stack. Valuation remains undisclosed.
Market Performance
ALT’s price surged to $0.4669** (up 6.2% in 24 hours), with a fully diluted valuation of **$4.7 billion (CoinGecko).
👉 Explore AltLayer’s Rollup Solutions
FAQ Section
Q1: What is AltLayer’s primary use case?
A: It provides modular, customizable Rollups for dApps, reducing deployment complexity.
Q2: How does the ALT token benefit holders?
A: It enables governance voting, staking rewards, and protocol fee payments.
Q3: Which chains are compatible with AltLayer?
A: Supports Ethereum, Arbitrum, and OP Stack-based networks.
Q4: Where can I trade ALT tokens?
A: Major exchanges like Binance and OKX list ALT.
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Disclaimer: Cryptocurrency investments carry high risk. Prices are volatile, and capital loss is possible. Conduct independent research before investing.
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