Altlayer Price
(kALT)
USD($)
Altlayer (KALT) Live Price Chart
Overview
About
Analysis
FAQ
Altlayer Live Price Data
The live price of Altlayer is $0.11644, with a total trading volume of $ 64,643 in the last 24 hours. The price of Altlayer changed by -8.21% in the past day, and its USD value has decreased by -26.79% over the last week. With a circulating supply of 2.30B kALT, the market cap of Altlayer is currently 268.8M USD, marking a --% increase today. Altlayer currently ranks #-- in market cap.
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Note: This data is for reference only.
Altlayer(kALT) Profile
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- Ethereum 0x8457CA...bFB
- BNB Smart Chain (BEP20) 0x8457ca...bfb
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$0.11282
$0.13455
- ATH
- $0.68765
- Price Change (1h)
- +0.92%
- Price Change (24h)
- -8.21%
- Price Change (7d)
- -26.79%
- Market Cap
- $268.8M
- 24h Volume
- $64,643
- Circulating Supply
- 2.3B
- Max Supply
- 10B
About KALT
How can I buy Altlayer (KALT)?
Buying KALT on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Altlayer (KALT) for more information. What Is AltLayer (ALT) Crypto?
AltLayer is a decentralized protocol for rollups. Its technology helps enhance security, decentralization, interoperability, and finality of rollups (scalability solutions for blockchains).
AltLayer introduces a novel concept called Restaked Rollups, which involves restocking assets to improve rollup characteristics. Key features of the AltLayer protocol include:
1. VITAL: Actively Validated Service where operators verify rollup blocks and states, raising fraud proofs if needed.
2. MACH: Enables faster finality by allowing operators to restake Ethereum-based assets to back rollup state claims.
3. SQUAD: Offers decentralized sequencing with economic backing, addressing issues like liveness concerns, MEV, and rent extraction.
AltLayer's native utility token, ALT, is used for several purposes, including providing an economic bond (which can be slashed if malicious behavior is detected), governance (where ALT token holders can vote on governance decisions), protocol incentivization (where operators can earn ALT tokens as rewards), and protocol fees (where network participants pay for services in ALT tokens).
How Does AltLayer Work?
AltLayer is a decentralized protocol designed for rollups, incorporating a unique concept of Restaked Rollups. This approach enhances rollups spun from various rollup stacks (such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.) by providing them with improved security, decentralization, interoperability, and crypto-economic fast finality through a restaking mechanism. The core of AltLayer's offering includes three key products:
1. VITAL (Verification of rollups' state correctness)
This Actively Validated Service (AVS) allows operators to verify blocks and states committed by the rollup sequencer. Operators can raise fraud proof challenges if necessary, ensuring the integrity and correctness of the rollup's state.
2. MACH (Protocol for fast finality)
MACH is another AVS that focuses on providing faster finality to rollups. It enables operators to restake Ethereum-based assets to support claims on the rollup state, enhancing the speed at which transactions are finalized.
3. SQUAD (Decentralized Sequencing)
SQUAD is an AVS that offers decentralized sequencing with economic backing. This system aims to eliminate issues like short-term liveness concerns, bad MEV (Miner Extractable Value), rent extractions, and other problems associated with rollups that rely on a single sequencer.
Additionally, AltLayer's Rollups-as-a-Service (RaaS) launchpad allows both developers and those with minimal coding experience to quickly create custom rollups. This service supports various rollup SDKs and shared sequencing services, accommodating a wide range of blockchain development needs. AltLayer also introduces the concept of ephemeral rollups, enabling developers to quickly set up and later dispose of rollups as per their application's demand, providing optimized resource usage.
When Was AltLayer (ALT) Coin Launched?
The founder of AltLayer (ALT) is Yaoqi Jia, who is also the co-founder of the blockchain firm Zilliqa and a former director of Parity Asia. His background and experience in the blockchain industry have significantly contributed to the development and launch of AltLayer.
AltLayer itself launched in 2021 as a protocol for building custom rollups. However, the key event you're likely interested in is the launch of the ALT token, which marked a significant milestone for the project.
The ALT token officially launched on January 25, 2024, through a Binance Launchpool event. It was listed for trading on KuCoin in January 2024.
How to Use ALT Token
The ALT token, which is the native utility token of AltLayer, has several key uses within the ecosystem:
1. Economic Bond: ALT tokens are used alongside restaked assets to provide an economic stake, which can be slashed in case of detected malicious behavior.
2. Governance of AltLayer: Holders of ALT tokens can participate in governance decisions, influencing the direction and policies of the AltLayer protocol.
3. Protocol Incentivization: Operators within the AltLayer ecosystem can earn ALT tokens as rewards for their services.
4. Protocol Fees: ALT tokens are required for paying various fees related to services within the AltLayer network.
5. Trade kALT on KuCoin: Trade AltLayer crypto on the KuCoin Spot Market against other cryptos to make the most of changing market conditions and volatility. Buy or sell $ALT or HODL if you believe in the future potential of the AltLayer project. Remember to DYOR before trading cryptos.
Altlayer (kALT) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.01057 | -8.29% |
| 7 Days | $-0.04277 | -26.79% |
| 30 Days | $0.00425 | 3.78% |
| 3 Months | $0.00054 | 0.47% |
24H Investment Barometer
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- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Altlayer Conversion Rate
FAQ
How much is 1 Altlayer (KALT) worth?
KuCoin provides real-time USD price updates for Altlayer (KALT). Altlayer price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time KALT to USD exchange rates. is AltLayer (ALT) a Good Investment?
Investing in AltLayer coin offers several potential advantages:
1. Innovative Technology: AltLayer is pioneering the use of restaked rollups, combining existing rollup technology with enhanced security and interoperability. This innovative approach may offer a competitive edge in the blockchain space.
2. Broad Utility of ALT Token: The ALT token has multiple uses within the AltLayer ecosystem, including governance, economic bonds, protocol incentivization, and fees. This broad utility can drive demand for the token.
3. Strong Backing and Partnerships: AltLayer has attracted significant investments and partnerships with key players in the crypto and blockchain industry, indicating confidence in its potential.
4. Scalability Solutions for Web3: AltLayer's focus on scaling Web3 applications addresses a critical need in the blockchain industry, potentially increasing its relevance and adoption.
5. Early Stage Investment Opportunity: Being relatively new, investing in AltLayer might offer the potential for growth as the project and its technology mature and gain adoption.
What Is AltLayer Price Prediction?
While we cannot accurately provide an ALT crypto price prediction, the following factors could help you understand the price movements in the AltLayer token better:
1. Market Demand for ALT Tokens: As with any cryptocurrency, demand from investors and users can significantly impact the AltLayer price.
2. Level of Adoption of AltLayer’s Technology: The successful implementation and adoption of AltLayer's technology, particularly its innovative rollup solutions, can affect the ALT to USD price.
3. Overall Crypto Market Trends: The broader market trends and sentiment in the cryptocurrency space can influence the ALT token price.
4. AltLayer’s Partnerships and Collaborations: Strategic partnerships and collaborations with key industry players can boost confidence and demand, supporting the $ALT price.
5. ALT Token Utility and Ecosystem Growth: The utility of ALT tokens within the AltLayer ecosystem and the growth of that ecosystem can drive the ALT crypto price.
6. Technological Developments: Advances and updates in AltLayer's technology may also affect investor perception and the ALT coin price.
How to Claim AltLayer Airdrop
The snapshot for determining eligible addresses who could claim $ALT airdrop was taken on January 17, 2024. Eligible groups for the initial airdrop include:
1. Holders of AltLayer NFTs: Those who owned either an AltLayer OG Badge NFT or an Oh Ottie! NFT at the snapshot time.
2. Participants in the Altitude campaign: Early community members who engaged in various tasks and events during the Altitude campaign phases.
3. EigenLayer restakers and ecosystem partners: Users who restaked assets on EigenLayer or were involved as partners in the ecosystem.
4. Celestia stakers: Individuals who staked tokens on the Celestia blockchain, a modular blockchain network that AltLayer integrates with.
If you are eligible, you can claim your ALT tokens between January 25, 2024, and February 25, 2024, from the AltLayer Season One airdrop campaign. Visit the official AltLayer airdrop claim page to confirm your eligibility and receive $ALT tokens in your crypto wallet by entering your wallet address here.
What is the all-time high price of Altlayer (KALT)?
The all-time high price of Altlayer (KALT) is $0.68813. The current price of KALT is down 83.07% from its all-time high.
What is the all-time low price of Altlayer (KALT)?
The all-time low price of Altlayer (KALT) is $0.06779. The current price of KALT is up 71.90% from its all-time low.
How much Altlayer (KALT) is there in circulation?
As of 12 22, 2024, there is currently 2.3B KALT in circulation. KALT has a maximum supply of 10B.
What is the market cap of Altlayer (KALT)?
The current market cap of KALT is $268.8M. It is calculated by multiplying the current supply of KALT by its real-time market price of $268.8M.
How do I store Altlayer (KALT)?
You can securely store your Altlayer in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your KALT include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.