ArchLoot

ArchLoot (AL)

Full information about ArchLoot (AL). Current ArchLoot price in TRY, AL open/close rates, ArchLoot history charts, ArchLoot market capitalization and volume.

1 AL = 0.474 ₤ Turkish Lira (TRY)
0.0109636 TRY

Last updated: 2026-01-20 08:47:00 UTC - about 17 hours ago 1 USD = 43.278070 TRY

General information
Global rank:1054
Name: ArchLoot ArchLoot
Symbol:AL
Current coin price (TRY):0.474 ₤
Last hour:arrow_downward-0.500 %
Last 24 hours:arrow_upward0.360 %
Last 7 days:-2.69 %trending_down
Capitalisation (TRY):404 216 481.35 ₤
Volume 24h (TRY):31 026 784.11 ₤
Available supply:851 909 074.00 AL
Total coin supply:-1 AL
Start date:2024-01-05
Last updated: 2026-01-20 08:47:00 UTC - about 17 hours ago

ArchLoot/Turkish Lira (AL/TRY) price chart

ArchLoot/Turkish Lira (AL/TRY) capitalisation and volume charts

What is Altlayer (ALT)?

Altlayer (ALT) is a cryptocurrency and the native utility token of the AltLayer protocol, a decentralised platform designed to facilitate the creation of Ethereum rollups. These rollups are intended to enhance the scalability of the Ethereum blockchain by bundling transactions together and executing them on a separate layer. This approach helps to reduce congestion on the main Ethereum chain. AltLayer is noteworthy for its use of a restaking mechanism to provide enhanced security, decentralisation, and faster finality for transactions within its ecosystem​​​​.

What is Altlayer (ALT) used for?

The ALT token is used for several critical functions within the AltLayer ecosystem:

  • Economic Bond: ALT tokens are used alongside restaked assets to provide economic stakes, which can be slashed if malicious behaviour is detected.
  • Governance: ALT token holders have the right to vote on governance decisions affecting the protocol.
  • Protocol Incentivisation: Operators within the AltLayer ecosystem can earn ALT tokens as rewards for their services, promoting active participation and maintenance of the network.
  • Protocol Fees: Participants in the network are required to pay fees in ALT tokens for intra-network services, ensuring the economic sustainability of the AltLayer protocol​​.

Who created Altlayer (ALT)?

AltLayer was established by Yaoqi Jia, co-founder of blockchain firm Zilliqa and former director of Parity Asia. The project has garnered support from an impressive array of investors in the cryptocurrency and blockchain industry, including Polychain Capital, Binance Labs, Jump Crypto, Breyer Capital, and several notable individuals like Balaji Srinivasan, Gavin Wood, Sean Neville, and Ryan Selkis.