CoinVoice has recently learned that AltLayer has announced on platform X that the cross-chain swap of 200 million ALT tokens from BEP20 to ERC20 has been completed, and the total supply of ALT tokens in circulation remains unchanged. The entire swapping process can be verified on-chain.

Previously, due to the increasing demand for ERC20 ALT from Binance, the liquidity of ERC20 ALT on the exchange had become severely insufficient, leading the Binance team to request AltLayer's assistance in converting BEP20 ALT tokens to ERC20 ALT tokens to balance liquidity. [Original link]