Aztec

Aztec is a privacy-focused Layer 2 network built on top of Ethereum, designed to let developers create applications that keep user data and transaction details confidential. It addresses the fact that most public blockchains expose every transaction to anyone who looks, which can be a problem for individuals and institutions handling sensitive financial activity. The project targets developers who want to build privacy-preserving decentralized applications without sacrificing the security guarantees of Ethereum.

Aztec uses zero-knowledge cryptography, specifically a proving system called PLONK that its team developed in 2019, to allow transactions to be verified as valid without revealing their underlying details. Computations are handled on the Aztec network and then settled back to Ethereum, inheriting its security while adding a privacy layer on top. The AZTEC token exists within this ecosystem, though the data stored here does not specify its precise governance, fee, or staking mechanics beyond its classification as a Layer 2 asset.

The data stored for Aztec does not include a fee stream, revenue figures, or information about who pays or collects protocol fees, which means fee-based measures such as fee yield or revenue ratios are not available on this page. What is recorded is a circulating supply of approximately 3 billion tokens against a maximum supply of 10.35 billion, meaning roughly 28.99 percent of all tokens that will ever exist are currently in circulation. The remaining supply not yet in circulation represents a dilution overhang of approximately 245 percent relative to the current circulating supply, a figure that reflects how much additional supply could eventually enter the market.