#AltLayer is excited to announce the introduction of staking for its $ALT token, marking the commencement of the MACH Alpha's multi-stage deployment. MACH Alpha is designed as a rapid finality mechanism for Layer 2 rollups, aiming to enhance security and scalability for Layer 2 frameworks.

As a pioneering decentralized platform, AltLayer empowers developers with the tools to create custom rollups tailored to their applications. With a strong backing from industry giants such as Binance Labs, Polychain Capital, Jump Crypto, and Breyer Capital, AltLayer has successfully secured $21.6 million across three funding rounds. The current trading price of $ALT stands at $0.64, with a fully diluted valuation reaching $6.37 billion.