AltLayer is a “Rollup-as-a-Service” (RaaS) / infrastructure protocol built around “restaked rollups.” Key points:
It allows developers to spin up customized rollups (Layer-2 chains) using existing rollup stacks like OP Stack, Arbitrum Orbit, ZK Stack, Polygon CDK, etc.
A core innovation is “restaked rollups” — leveraging restaking (e.g. via EigenLayer) so that rollups can benefit from security / economic backing provided by staked ETH (or other restaked assets).
Some of its modular components include VITAL (verification / state correctness / fraud challenge services), MACH (faster finality via restaking), SQUAD (decentralized sequencers to avoid single points of MEV or censorship issues).
Token: ALT is the native token. Uses include bonding / staking, governance, paying fees, incentivizing operators.
Tokenomics / Market Data:
Total supply: 10 billion ALT.
Circulating supply: ~ ≈ 4.47 billion ALT (~44.7% as of recent data) according to CoinMarketCap.
Market cap: ~ US$120-130 million (recent) with trading volume in tens of millions per day.
Here are signs that AltLayer has a non-trivial amount of mind share, especially among builders, crypto investors, and people following Ethereum scaling:
Positive Signals:
1. Strong Media Coverage & “What is” Explanations
AltLayer is covered by multiple crypto education and data platforms (CoinMarketCap, CryptoSlate, ByBit, etc.), which helps spread awareness.
2. Good Exchange Activity
ALT is listed on major exchanges, has decent trading volume, and a reasonably large number of holders.
3. Institutional / Investor Backing
It has raised funds ($14.4 million in a strategic round co-led by Polychain Capital, Hack VC, etc.). That brings credibility and network effect.
4. Ecosystem / Use Cases / Early Deployments
There are ephemeral rollups / “flash rollups” used for things like NFT mints, gaming tournaments, etc. That provides tangible usage and exposure.