Category: NFT News

AltLayer Launches ALT Staking – The Defiant

By Published On: March 27, 20241 min readViews: 1430 Comments on AltLayer Launches ALT Staking – The Defiant

Rollup provider aims to provide fast finality with its MACH Alpha product built atop EigenLayer.

Restaked rollups provider AltLayer has launched a staking feature, allowing ALT token holders to provide economic security to AltLayer’s ecosystem.

The project launched its ALT token in January with an airdrop for early adopters. ALT hit an all-time high of $0.68 earlier today, according to Coingecko. Currently changing hands for $0.58, the token commands a $730 million market capitalization.

ALT Price

The staking feature is part of the phased rollout of AltLayer’s MACH Alpha, a layer built on top of EigenLayer’s restaking mechanism, designed to support Optimism Mainnet and Arbitrum One.