Aleo is a Layer-1 blockchain that utilizes zero-knowledge technology. Aleo Tokens (ALEO) can be used to execute transactions on the network and pay for network fees. Developers can also deploy and manage applications on Aleo with Aleo Tokens.

ALEO is the native utility token of Aleo, a blockchain platform focused on enabling private and decentralized applications using zero-knowledge proofs. The Aleo network aims to bring scalable, privacy-preserving computation to Web3, allowing developers to build applications where user data remains private by default while still supporting decentralized interactions.

ALEO serves as a utility and governance token within the Aleo ecosystem. It is used to pay for transaction fees and computational tasks on the network. Additionally, ALEO incentivizes network validators and participants who contribute to the platform's security and scalability. The token supports governance functions, giving holders the ability to vote on key protocol upgrades and decisions.

ALEO is primarily used for transaction fees and staking within the network. It allows developers to deploy privacy-focused applications while paying for the necessary computational resources. Token holders can also participate in governance, influencing protocol development and upgrades. The use of zero-knowledge proofs ensures that data can be processed privately, expanding the possibilities for use cases in areas like finance, healthcare, and identity.

Aleo was created to address the growing demand for privacy in decentralized applications. The introduction of the ALEO token supports the platform's vision of scalable and private computation for Web3. With a focus on using zero-knowledge cryptography to enhance user privacy and data security, the project has positioned itself as a leading platform for privacy-centric blockchain development.

We update our Aleo to GBP currency in real-time. Get the live price of Aleo on Coinbase.

The current market cap of Aleo is £33.375M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Aleo is £5.05. This all-time high is highest price paid for Aleo since it was launched.

Over the last 24 hours, the trading volume of Aleo is £1.279M.

Assets that have a similar market cap to Aleo include Waves, cat in a dogs world, Altlayer, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Aleo is 1.2 billion.

Aleo ranks 163 among tradable assets on Coinbase. Popularity is currently based on relative market cap.