AltLayer is a technology company.
AltLayer has raised $7.0M across 1 funding round.
AltLayer has raised $7.0M in total across 1 funding round.
AltLayer has raised $7.0M in total across 1 funding round.
AltLayer's investors include Dreamers VC, East West Ventures EWV, Pioneer Fund, Polygon, Balaji Srinivasan, Tegan Kline, Thomas Vu.
AltLayer is a blockchain infrastructure company that provides a decentralized protocol for launching native and restaked rollups, including both optimistic and zero-knowledge (zk) rollup stacks, as a Rollups-as-a-Service (RaaS) platform.[1][2][3][4] It serves Web3 developers in sectors like gaming, social networks, and asset tokenization by enabling customized, scalable layer-2 (L2) solutions that reduce congestion, lower gas fees, and enhance security through integrations like restaking with EigenLayer.[1][2][4] Founded in 2021 and headquartered in Singapore, AltLayer has raised $21.6M in funding, including a Series A round, and powers rollups for clients such as Cyber (a SocialFi L2 on Optimism Superchain) and Xterio (Web3 gaming platform with OP Stack L2s).[1][2][3]
The platform solves key blockchain scalability issues by allowing no-code deployment of EVM- and WASM-compatible rollups in minutes, boosting performance for high-demand apps while leveraging data availability solutions like EigenDA.[2][3][4] Its native token ALT has a 10 billion total supply, with airdrops and staking incentives driving early adoption, contributing to a market cap around $560M as of recent data.[3]
AltLayer was founded in 2021 by Dr. Yaoqi Jia, former director of Parity Asia and co-founder/CTO of Zilliqa, leading a team with experience from Parity, Zilliqa, and Synthetix.[1][3] The idea emerged from the need to simplify rollup deployment in a multi-chain world, addressing compatibility challenges for EVM and WASM dApps amid Ethereum's scaling demands.[3][4] Early traction came swiftly through a $7.2M seed round led by Polygon Capital, Breyer Capital, and Jump Crypto, followed by investments from Polychain Capital, Hack VC, Binance Labs, and others, totaling $21.6M.[1][3]
Pivotal moments include partnerships with EigenLayer for restaked rollups and Optimism Superchain in 2024, enabling custom L2s like Cyber L2 and Xterio's gaming chains, which demonstrated real-world utility and accelerated growth.[2][3][4]
AltLayer rides the rollup and restaking megatrends in Ethereum scaling, where L2s batch transactions to alleviate mainnet congestion and restaking (pioneered by EigenLayer with $3.2B+ ETH locked) extends security to rollups.[4] Timing is ideal amid Web3's explosion in gaming ($4B market needing infra for congestion-free experiences) and SocialFi, where AltLayer's clients like Xterio and Cyber onboard millions via tokenized ecosystems.[2] Market forces favoring it include rising demand for customizable, secure L2s in a multi-VM world, OP Stack adoption, and AI-Web3 convergence through verifiable agents.[2][3][4]
It influences the ecosystem by democratizing rollup launches, fostering Superchain interoperability, and amplifying restaking's yield potential, positioning it as a key enabler for mass Web3 adoption.[2][3][4]
AltLayer is primed to dominate RaaS with its restaking edge and no-code tools, potentially capturing more gaming and social dApps as Ethereum L2 TVL grows.[2][4] Upcoming trends like AI agents in TEEs, expanded EigenDA integrations, and Superchain expansions will shape its path, with token unlocks and partnerships driving momentum despite market volatility.[1][3] Its influence may evolve into a full rollup ecosystem hub, accelerating Web3 scaling—much like its founding mission to boost infrastructure for the next billion users.[2][4]
AltLayer has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in June 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2022 | $7.0M Seed | Dreamers VC, East West Ventures EWV, Pioneer Fund, Polygon, Balaji Srinivasan, Tegan Kline, Thomas Vu |