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 is shielded from public view. The core problem it addresses is that standard Ethereum transactions are fully transparent on-chain, which can expose sensitive financial or personal information. Aztec targets developers and users who need confidentiality as a built-in property rather than an add-on.

Aztec uses zero-knowledge cryptography, specifically building on the PLONK proving system its team published in 2019, to allow transactions to be verified as valid without revealing their contents. Computation and proof generation happen on the client side, and the resulting proofs are settled back to Ethereum, inheriting its security. The AZTEC token exists within this ecosystem, though the data stored here does not specify its precise on-chain role such as governance, fee payment, or staking.

The data held on this site does not record a fee stream for Aztec, so fee-based measures such as revenue or protocol earnings are not available here. What is recorded is that roughly 28.4 percent of the maximum supply of 10,350,000,000 tokens is currently circulating, leaving a dilution overhang of approximately 251.8 percent of the circulating supply still to enter the market. The fully diluted valuation is about 3.52 times the current market capitalisation of approximately 48.2 million US dollars, which reflects the gap between tokens in circulation today and those that could eventually circulate. Twenty-four-hour turnover stands at about 3.97 percent of market capitalisation, giving a rough sense of recent trading volume relative to the asset's size.