Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,158,396,499 | Market Cap: $2,507,375,010,265
Altlayer
ALT
$0.14
Sector
Rollups
Exchange Debut
2024-01-25
Market Cap
231,328,217
Maxim Supply
∞
Circulating Supply
1,626,041,665
Circ. Supply(%)
∞
Altlayer
ALT
Price
$0.14
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
25284507
0.14948169626
0.141798783235
Change 24h
Change 7d
Change 30d
-3.7418
-10.0903
-25.6764
Maxim supply
Circulating supply
Circulating supply(%)
∞
1,626,041,665
∞
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Altlayer-ALT cryptocurrency:
Altlayer-ALT emerges as a groundbreaking force in the blockchain domain, embodying an open and decentralized protocol that revolutionizes rollups. With its innovative Restaked rollup concept, Altlayer-ALT integrates existing rollups from various stacks to offer enhanced security, decentralization, interoperability, and crypto-economic fast finality. This fundamental analysis of the Altlayer-ALT cryptocurrency reveals a robust score of 8.02 out of 10, highlighting its potential and versatility in the evolving digital currency landscape.
SOCIAL & MASS MEDIA: Score 7.60 out of 10
Altlayer-ALT’s presence in the social and media landscape is commendable, with a score of 7.60 out of 10. Its exceptional ability to attract followers and establish large communities in chat groups is notable, boasting perfect scores in both categories. However, the activities of social media administrators and community activity on social media pages have room for improvement to fully leverage its social media potential and enhance its presence in the media.
AUDIT & SECURITY: Score 5.73 out of 10
The audit and security aspect of Altlayer-ALT, scoring 5.73 out of 10, presents a mixed bag. While transparency and liquidity on exchanges are high points, reflecting a score of 10.00 and 9.50 respectively, the results of audits lag behind. This area requires urgent attention to fortify the project’s security measures and rebuild investor confidence.
TOKENOMICS: Score 6.25 out of 10
In the realm of token economics, Altlayer-ALT secures a score of 6.25 out of 10. The project shines with a perfect score for the centralization of its monetary mass, suggesting a well-considered approach to token distribution. However, concerns about its inflationary model and annual inflation rate highlight significant areas for improvement to ensure long-term sustainability and value retention for token holders.
ECOSYSTEM DEVELOPMENT: Score 8.30 out of 10
Altlayer-ALT’s ecosystem development is impressive, evidenced by a score of 8.30 out of 10. The project demonstrates a strong commitment to achieving its objectives and bringing new developments, both scoring 8.00. This forward momentum is essential for maintaining relevance and fostering growth within the competitive blockchain landscape.
TEAM & DEVELOPERS: Score 8.40 out of 10
The team behind Altlayer-ALT, with a score of 8.40 out of 10, is its backbone. The experience of the team and the number of software developers, scoring 8.00 and 10.00 respectively, underscore the project’s strong foundation and technical prowess. This expertise is pivotal for driving innovation and addressing the complex challenges of the blockchain industry.
PRODUCT & UTILITY: Score 9.80 out of 10
Altlayer-ALT’s product and utility score a near-perfect 9.80 out of 10, highlighting its remarkable value proposition. The utility of the product and tokens within the ecosystem, scoring 10.00 and 9.50 respectively, reflect a deep understanding of market needs and a commitment to delivering tangible benefits to users.
PARTNERS & INVESTORS: Score 9.10 out of 10
With a score of 9.10 out of 10, Altlayer-ALT boasts strong support from partners and investors. The number and capacity of investors and the quality of partners, scoring 9.20 and 9.00 respectively, indicate robust backing and strategic alliances that bolster the project’s credibility and potential for success.
Fundamental analysis of the Altlayer-ALT cryptocurrency – The final conclusion
The fundamental analysis of the Altlayer-ALT cryptocurrency underscores a project with significant promise and potential challenges. Its innovative approach to enhancing rollup technology through decentralization, security, and interoperability positions it as a noteworthy contender in the blockchain space. However, areas such as audit results and the inflationary nature of its tokenomics require careful attention to mitigate risks and maximize investment opportunities. With an overall score of 8.02 out of 10, Altlayer-ALT presents a compelling case for consideration by investors and enthusiasts alike, balancing innovation with areas for improvement in its quest to redefine blockchain technology’s boundaries.
What is Altlayer-ALT?
AltLayer represents a cutting-edge protocol in the realm of blockchain and cryptocurrency, offering a decentralized and open platform for rollups. This innovative system, known as Restaked rollup, significantly enhances the security, decentralization, interoperability, and economic finality of rollups created from various stacks such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, among others. The essence of AltLayer lies in its unique approach to combining the simplicity of generating rollups using popular stacks with EigenLayer’s restaking mechanism. This fusion not only streamlines the process but also fortifies network security, promoting a more decentralized network landscape.
Enhancing Rollup Security and Decentralization
The introduction of Restaked rollups by AltLayer is a pivotal development. Consequently, it enables an elevated level of security and decentralization. By leveraging EigenLayer’s restaking mechanism, AltLayer provides a robust foundation for networks, ensuring both safety and a decentralized framework. This innovative approach ensures that rollups, regardless of their origin stack, benefit from enhanced interoperability and faster, more reliable crypto-economic finality.
Simplifying Rollup Creation and Interoperability
AltLayer simplifies the creation of rollups, making it accessible even for those new to blockchain technology. This simplicity, combined with the protocol’s emphasis on interoperability, allows for seamless interaction between different blockchain platforms. As a result, developers and users can enjoy a more integrated and efficient blockchain ecosystem.
Conclusion: A New Era in Blockchain Technology
The fundamental analysis of the Altlayer-ALT cryptocurrency reveals it as a beacon of innovation in blockchain technology. By merging ease of use with advanced security measures, AltLayer stands out as a key player in the advancement of decentralized networks. Its contribution to blockchain technology not only paves the way for more secure and interoperable applications but also highlights the potential for significant improvements in the crypto-economic landscape. Through AltLayer, the future of decentralized applications and rollups looks both promising and secure.
- Latest analysis update: February 18, 2024
Altlayer-ALT performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
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