Altlayer, a exceptional distributed protocol that offers with rollups whereas prioritizing velocity, interoperability, decentralization and safety, has introduced the profitable completion of swaps for 400m $ALT tokens. Based on Altlayer, the platform has accomplished the trade of 400m $Alt Tokens from the BNB chain to the Ethereum chain, guaranteeing Binance's fluidity stability. The platform revealed the event on social media.
PSA: EFC20 ALT liquidity may be very low resulting from elevated demand for ERC20 ALT for Binance. Due to this fact, the Binance workforce has requested us to help them with token swaps from BEP20 ALT to ERC20 ALT to stability liquidity.
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– Altlayer (@Alt_Layer) July 13, 2025
Altlayer efficiently completes swap of 400m $allt token from BEP20 to ERC20
The trade of 400m $Alt Tokens from BNB Chain (BEP20) to Ethereum Chain (ERC20) is meant to take care of fluidity stability. Along with this, every token swap additionally focuses on general token energy upkeep. This improvement comes after Binance reported a big decline in liquidity within the case of ERC20 $Alt Tokens resulting from a surge in buying and selling demand.
Whereas responding to this, Altlayer carried out a cross-chain swap whereas striving to readjust the provision of $Alt tokens with out rising the variety of cumulatively circulating tokens. On this regard, the swap process thought-about the combustion of the BNB chain (BEP20) of 400m $ATL tokens. Following that, the platform solid the identical quantity of $Alt Tokens on Ethereum Chain (ERC20). This general process is carried out on a sequence and will be verified by a standard mass.
When Binance requested Altlayer to carry out the above $Alt Token swap, the platform expressed its consent in X-post. For this goal, he added that he would burn BEP20 tokens and Mint ERC20 tokens. With this in thoughts, he stated that cumulative token circulation doesn’t witness any change. Due to this fact, every goal was achieved as Altlayer successfully burned and minted 400m $ALT tokens from BEP20 to ERC20. An essential side of this improvement is transparency and verifiability for the general public.
Cumulative round provide throughout the BNB chain and Ethereum chain has not modified
Following the occasion, Altlayer confirmed it on its official social media account. It revealed an unchanged state of cumulative $allt token provide circulating throughout each chains. Individually, the on-chain nature of every token swap emphasizes that Altlayer is dedicated to belief and transparency whereas addressing the infrastructure necessities of the various blockchain ecosystem as an entire.
