Aztec Launches Decentralized Ethereum Layer-2 Mainnet with Staking Options
- Aztec launched its “Ignition” mainnet, a decentralized layer-2 network on Ethereum, with blocks generated every 72 seconds.
- Currently, there are over 107.2 million AZTEC tokens staked, with a minimum stake of 200,000 AZTEC required.
- The ongoing token sale has raised $2.77 million from over 2,200 unique bidders and will close on December 1.
- A total of approximately $310 million is the fully diluted valuation based on the current floor price of $0.03 per AZTEC token.
- The token sale will distribute about **14.95%** of the total supply, with unsold tokens returning to the foundation treasury.
Aztec’s mainnet launch positions it as one of the few fully decentralized networks in the Ethereum ecosystem, allowing users to run their own nodes and participate in governance without involvement from investors or developers for a year.
With significant funds raised and staking options now available, Aztec aims to enhance its network performance while providing community members with governance power and block rewards. (Source)
