Cartesi

Cartesi is a Layer 2 scaling project built around Ethereum that aims to let software developers write decentralized applications using standard Linux tools, programming languages, and libraries rather than being confined to blockchain-specific environments. The problem it addresses is that writing complex application logic directly on chains like Ethereum is technically restrictive and expensive, which limits what kinds of programs can realistically run on-chain. Cartesi targets developers who want the security guarantees of Ethereum but need the flexibility of conventional software development.

The core technical component is the Cartesi Machine, a RISC-V-based virtual machine that runs a full Linux operating system, allowing computation to happen off-chain in an environment familiar to traditional programmers. Cartesi Rollups then packages this into an optimistic rollup framework that can be deployed as a Layer 2, Layer 3, or sovereign rollup, with dispute resolution and final settlement anchored to Ethereum. The CTSI token exists within this ecosystem across several networks including Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, and Optimism, though the data provided does not specify the exact on-chain mechanics of how CTSI is used for staking, validation, or fee payment.

The data provided does not include a fee stream, revenue figures, or protocol earnings metrics, so no fee-based economic analysis can be drawn from what is stored here. What the data does show is that approximately 95.43% of the one-billion maximum supply of CTSI is already in circulation at this point in time, leaving a dilution overhang of roughly 4.80% of the remaining supply yet to enter circulation. The fully diluted valuation is approximately 1.05 times the current market capitalisation, meaning the potential additional supply is a small fraction relative to what already circulates. The 24-hour turnover rate stands at 11.98% of market capitalisation, indicating the volume of trading activity relative to the asset's size over that period.