$ALIGN Token Launches Amid Efforts to Simplify Ethereum Development
Aligned, a full-stack Ethereum infrastructure project, has launched $ALIGN, its native token. This move is aimed at turning Ethereum into the world's financial backend by providing fintechs and institutions with one-click solutions for wallets, rollups, interoperability, and zero-knowledge services.
The current state of building on Ethereum is plagued by complexity, requiring multiple vendors and months of integration. Aligned was built to address this issue in close collaboration with LambdaClass, a company behind key contributions across the Ethereum ecosystem.
Aligned's stack includes a Proof Aggregation Service already live on mainnet alpha, Wallet-as-a-Service with an MVP launched, Rollup-as-a-Service, the LambdaVM, and interoperability protocol still in development. The tokenomics of $ALIGN are laid out, with 16% circulating at launch.
The team plans to ship the remaining pieces of the stack and grow the number of products built on it throughout the rest of the year, ultimately aiming to make building a financial product on Ethereum a single decision rather than a systems-integration project.