Bithumb will launch the Korean Won trading pairs of Altlayer (ALT) and Swell Network (SWELL) at 15:00 today. Perhaps influenced by this news, ALT and SWELL both rose instantly! Let’s take a look at the details of these two tokens today!
Online time:
November 14, 2024 15:00
1. Project Introduction
1. EVERYTHING
AltLayer (ALT) is an open and decentralized Rollups protocol that brings together the novel idea of Restaked rollups, which takes existing rollups (derived from any rollup stack such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, etc.) and provides them with enhanced security, decentralization, interoperability, and fast finality for the crypto economy.
2.SWELL
Swell Network (SWELL) is an ETH liquidity staking protocol built for stakers, node operators, and the Ethereum ecosystem. Users can stake ETH and earn swETH and receive DeFi benefits.
2. Team and Financing
1. EVERYTHING
Jia Yaoqi is the founder and CEO of AltLayer and co-founder of Zilliqa. Previously, he led the construction/advocacy of Parity technologies such as Substrate/Polkadot and developed the development community. Jia Yaoqi graduated from the National University of Singapore. Financing includes the following:
1. July 1, 2022: AltLayer completed a US$7.2 million seed round of financing.
3. August 4, 2023: Strategic investment from Binance Labs (amount not disclosed).
2. February 19, 2024: AltLayer completed a strategic financing of US$14.4 million with a valuation of US$180 million.
2.SWELL
Swell Network is led by founder Daniel Dizon, and the team includes CTO Aaron Alderman, Chief Product Officer Kevin Chee, and Research Director Abishek Kannan. March 14, 2022: Swell Network completes $3.75 million in seed round financing.
Token Status
According to Odaily Planet, affected by the news of listing on Bithumb, the market shows that [ALT jumped above 0.13 USDT and is now at 0.1339 USDT, with a 24-hour increase of 21.94%. SWELL briefly broke through 0.48 USDT and is now at 0.48722 USDT, with a 24-hour increase of 16.91%. ] The following are the current token details:
1. EVERYTHING
As of press time, ALT is now quoted at $0.1273, up 16.5% in 24 hours, and the trading volume in the past 24 hours is US$176,254,115, up 79.60% from a day ago, indicating that recent market activity has increased. The highest and lowest prices were $0.6767 and $0.06807, respectively. ALT's total market value is $290 million, and it ranks 256th on Coingecko today. At present, ALT's increase has only jumped after it was launched, and it is still in a stagnant stage.
2.SWELL
As of press time, SWELL is now quoted at $0.05228, up 24.4% in 24 hours, and the trading volume in the past 24 hours is US$151,873,599, up 38.90% from a day ago, indicating that recent market activity has increased. The highest and lowest prices were $0.06955 and $0.03009, respectively. SWELL's total market value is $73.02 million. At present, SWELL has increased compared to the previous data, so let's wait and see how it performs in the future.
IV. Conclusion
Now ALT and SWELL will be listed on the Bithumb exchange today. Are you looking forward to it?
