AltLayer

AltLayer is a project offering rollup-as-a-service infrastructure so that applications can quickly launch and operate their own rollup networks. Teams can build their own chains by choosing among different rollup technologies and data availability layers. The project's distinctive approach is to draw on assets restaked through EigenLayer to give these networks additional security and fast finality. ALT is the native token, issued on Ethereum and also available on BNB Chain.

The restaked rollup model rests on three components: a verification service that validates state transitions on the network, a layer that decentralizes the sequencer role and a service that gives transactions fast finality. ALT is designed for functions such as being staked as economic collateral by operators taking part in these services, protocol governance, network fees and participant incentives.

The ALT price is generally sensitive to the number of rollups using AltLayer infrastructure, the development of the restaking ecosystem, token unlocks and competition in modular blockchain infrastructure. The AltLayer price on Lzzo.com is based on Binance ALT/USDT data, converted into dollars at the Coinbase Exchange USDT/USD rate and tracked on the chart in this form.