AltLayer
ALT#499 by market capNot covered. The criterion it missed: documentation found but no public code repository listed.
AltLayer is for restaking. We have not written its record yet, so its promises are not checked. It trades at $0.0065, #470 of all coins by size, 99% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #2 of 5 rollups-as-a-services. Nothing to be careful of on the record.
Is it real?
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2 of 4
- ✓A real-world jobReal-world purpose: restaking
- ✓Real backingBacking: trades on Coinbase, Crypto.com, Kraken
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
Listed on 6 big exchanges
- Origin28 March 2024about about 2 yearsaltlayer.io
- DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
- BackingNo named investorListed on Coinbase, Crypto.com, Kraken, Binance
- Standing on the recordNo recordNo dated promise to judge yet0 headlines last monthNo corrections needed so far
It is already worth more than the typical coin in Rollups-as-a-Service (RaaS) ($28.28M). To match the leader, Espresso ($58.21M), its price would need to rise 25%, to about $0.0082.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- No named investor among its tags
- Only 0 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Restaking
16 coins tagged Restaking, worth $1.38B together. #4 of 16 by worth.
Rollups-as-a-Service (RaaS): this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
AltLayer$46.4Mthis coin−2.6%71% outno record
Espresso$58.21M1.3× bigger, +$11.81M−1.7%, gap +0.9no maxno record
Ankr Network$46.4Mabout the same size+0.6%, gap +3.2100% outno record
Caldera$10.16M4.6× smaller, −$36.24M−1.3%, gap +1.317% outno record
Dymension$9.31M5.0× smaller, −$37.09M−1.7%, gap +0.9no maxno record
Rollups-as-a-Service (RaaS): this coin next to Espresso, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- AltLayer says
- AltLayer is a decentralized protocol that facilitates the launch of native and restaked rollups with both optimistic and zk rollup stacks.
- Espresso says
- Espresso is a global confirmation layer that provides L2 chains with fast, reliable transaction confirmations backed by BFT consensus.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
AltLayer is a decentralized protocol that facilitates the launch of native and restaked rollups with both optimistic and zk rollup stacks.
Problem it says it solves: restaking. 16 coins are working on it and together they are worth $1,377,435,946. This coin is 3% of that.
Where it trades: Coinbase, Crypto.com, Kraken, Binance, Bybit
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $0.6767 on 28 March 2024. Today is 1% of that.
71%
of all ALT that will ever exist is already out in public hands: 7.13B coins.
29% (2.87B coins) is already created but not in public hands, held by the project or locked in escrow. That is a large share, though not a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Runs a staking service
The project stakes other people's coins. What its own coin gets you is whatever its pages say, usually a vote and a share of fees.
- A vote on how the project is run
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 7.13B of 10B.
- 2.87Bcoins still to be released, 29% of the maximum. Releases can add selling pressure.
- 1.4×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $0.6767 on 28 March 2024. That is −99.0% from the top.
- #470by market cap, $46,397,194.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Nothing in the news this month.
Nothing matched in the last month from the sources we read. CoinDesk, Cointelegraph, Decrypt, The Block, plus Google News searches for coins with a record and the top 100.
The record itself
Not covered. The criterion it missed: documentation found but no public code repository listed.
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy