Research Summary
The report provides an in-depth analysis of AltLayer, a decentralized protocol for launching native and restaked rollups. It covers the project’s use case, adoption, revenue, tokenomics, treasury, governance, team and investors, competitors, risks and audits. The report also discusses whether to hold or sell the ALT airdrop.
Key Takeaways
AltLayer’s Offerings and Partnerships
- Product Offerings: AltLayer’s main products are Restaked Rollups and Rollups-as-a-Service, aimed at saving projects time and capital while promoting innovation. Restaked rollups enhance existing rollup solutions with improved security, decentralization, interoperability, and fast finality.
- Partnerships: AltLayer’s ecosystem includes partnerships with Arbitrum, Optimism, Polygon, EigenLayer, Celestia, Espresso, Hyperlane, Injective, and Rabby.
AltLayer’s Tokenomics
- ALT Token: The ALT token is used as collateral, for incentives, and to pay for intra-network services. The project initially airdropped 3% of the supply to NFT holders, Altitude campaign participants, EigenLayer restakers, and Celestia stakers.
- Supply Stats: The circulating supply is 1.1 billion, with a maximum supply of 10 billion. The market cap is $545 million, and the fully diluted valuation is $5 billion.
AltLayer’s Governance and Investors
- Governance: ALT token holders can vote on governance decisions. AltLayer has been praised for its high level of decentralization.
- Investors: AltLayer has raised over $21.60 million in funding from investors including Polychain Capital, Jump Crypto, Breyer Capital, Binance Labs, Hack VC, Balaji, Ryan Selkis, and Gavin Wood.
AltLayer’s Market Position
- Competition: AltLayer’s primary competitor is Dymension ($DYM), which also recently completed an airdrop and token launch.
- Security Score: AltLayer has a CertiK security score of 83.17, placing it in the top 10% of projects and ranking 21st among new launches.
AltLayer’s Future Prospects
- Market Outlook: The report is bullish on AltLayer’s potential to capitalize on the growth of modular blockchain applications.
- Upcoming Catalysts: Potential catalysts for AltLayer include the growth of the modular narrative, further airdrops, and integrations.
Actionable Insights
- Monitor AltLayer’s Progress: Keep an eye on AltLayer’s development, partnerships, and integrations to assess its potential growth.
- Consider the Role of ALT Tokens: Evaluate the utility and demand for ALT tokens in the AltLayer ecosystem, as they play a crucial role in governance and protocol incentivization.
- Assess Market Trends: Stay updated on the growth of modular blockchain applications, as AltLayer is positioned to capitalize on this trend.
