AltLayer (ALT) token soared 5,380% on Binance following its airdrop and listing.

• Binance’s ALT token soared 5,380% from $0.006 to $0.3288 in a matter of minutes.
• AltLayer’s six-day farming schedule and airdrops preceded the explosive surge.
• Binance quickly integrated ALT into Simple Earn and Convert with margin, futures, and automated investment plans.

Surprisingly, AltLayer’s native token, ALT, witnessed an unprecedented surge on the Binance trading platform, soaring a whopping 5,380% within minutes of listing.

This meteoric rise comes hot on the heels of a successful six-day farming schedule and strategic airdrops, putting AltLayer in the spotlight of the cryptocurrency world.

Explosive growth of AltLayer (ALT)

AltLayer’s ALT token, designed for decentralized rollups, began trading on Binance at a low price of $0.006. However, this cryptocurrency asset defied all expectations and quickly reached $0.3288 with a trading volume of $43.78 million in less than a minute.

Screenshot of AltLayer pricing on Binance

This surge reflects tremendous market interest and trust in AltLayer’s protocol.

This unprecedented growth for Binance is due to the culmination of a six-day farming schedule that ended last Friday, during which it gave away 500 million ALT tokens via airdrop. Participants staked BNB and FDUSD tokens into separate pools during this period. Following the farming schedule, ALT was listed against various pairs including Bitcoin, BNB, TRY and stablecoins USDT and FDUSD.

AltLayer’s Binance Integration

Recognizing the potential of AltLayer, Binance quickly integrated ALT into its Simple Earn and Convert service. The move is set to improve the accessibility and usability of ALT for a wider range of users. Additionally, Binance has ambitious plans to take significant steps forward in its token journey by including ALT in its margin, futures, and automated investment services from January 25th to January 27th.

AltLayer’s unique “Restaking Rollup” concept, which enhances the security and cryptoeconomic finality of rollups across a variety of software stacks, demonstrates its commitment to solving scalability challenges in the blockchain space.