Summary
AltLayer, a project in the modular blockchain space, has conducted an airdrop of 300 million ALT tokens to over 40,000 claiming addresses. The token’s market cap is $360 million, and the airdrop represents only 3% of the total supply. ALT is also available through staking on Binance. The majority of claimants received less than 10,000 tokens. ALT will be used for governance decisions, fee payments, and other purposes within the AltLayer project. AltLayer is part of the trend towards blockchain modularity, where different functions of blockchains are handled by separate projects. The airdrop was open to users of Eigenlayer and Celestia, as well as holders of AltLayer NFTs and participants in a campaign. The airdrop is not available to U.S. residents, and claims will be open for a month.
Key Points
1. AltLayer has conducted an airdrop of 300M ALT tokens to over 40,000 claiming addresses, representing only 3% of ALT’s total supply. The token’s market capitalization is $360M, and it is also available for staking on Binance.
2. ALT will be used for governance decisions, fee payments, and other use cases within the AltLayer ecosystem.
3. AltLayer is part of the trend towards modularity in Ethereum, where different projects handle various functions of blockchains. AltLayer operates as a bridge between Eigenlayer and other rollups, offering restaked rollups as a scaling solution for Ethereum.