Aztec

Aztec is a privacy-focused Layer 2 network built on top of Ethereum, designed to let developers create applications in which user transaction data can be kept confidential. The core problem it addresses is that standard Ethereum activity is fully public, meaning anyone can inspect balances and transfers. Aztec positions itself as foundational infrastructure for use cases where financial privacy is a requirement rather than a nice-to-have.

Aztec processes transactions off the main Ethereum chain and uses zero-knowledge cryptography — specifically a proving system called PLONK that the team developed in 2019 — to verify that transactions are valid without revealing their contents. Proofs are generated on the client side and then settled back to Ethereum, inheriting its security. The AZTEC token exists within this ecosystem, though the data available here does not specify its precise governance or fee-payment mechanics beyond its presence on the network.

The data stored here does not include a fee revenue stream for Aztec, so fee-based measures such as fee yield or protocol earnings are not available on this site. What is recorded is a circulating supply of approximately 2,995,106,696 tokens against a maximum supply of 10,350,000,000, meaning roughly 28.94 percent of the total supply is currently in circulation as of the point-in-time measurement. The gap between circulating and maximum supply produces a dilution overhang of approximately 245.56 percent, also measured at a point in time, which describes how much additional supply could eventually enter circulation relative to what exists today.