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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About ALT and SHEN
Altlayer is falling, while Shen is climbing this week. The current ALT to SHEN conversion rate is 0.0545. Inversely, this means that if you convert 1 SHEN you will get 18.35 ALT. The conversion rate of ALT/SHEN has decreased by 1.25% in the last hour (SHEN/ALT increased by 1.27%). In the last 24 hours, ALT/SHEN shrunk by 0.45%, while SHEN/ALT grew by 0.45%.
The exchange rate of Altlayer is decreasing. The current value of 1 ALT is 0.0545 SHEN. In other words, to buy 5 Altlayer, it would cost you 0.27249 SHEN. Inversely, 1 SHEN would allow you to trade for 18.35 ALT while 50 SHEN would convert to 917.46 ALT, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 3.8%. Meanwhile, in the last 24 hours, the rate has changed by 0.41%, which means that the highest exchange rate of 1 ALT to SHEN was 0.05632 SHEN and the lowest 24 hour value was 1 ALT for 0.05401 SHEN. Last month, 1 ALT was worth 0.05181 SHEN. Today, it's up 5.18%. Looking back a year, Altlayer has changed by 0.02968 SHEN. That means that in a single year, the value of Altlayer has grown by 83.6%.
Altlayer Market Stats
AltLayer is an open and decentralised protocol for rollups that brings together the novel idea of a Restaked rollup, which takes existing rollups and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality. ALT is AltLayer’s native utility token and can be used for governance, protocol fee payments, economic bonding, and protocol incentivization.
Shen Market Stats
## What are Reserve Coins? In simple terms, Reserve Coins are digital tokens that maintain the algorithmic peg of stablecoins. By trading Reserve Coins, users can contribute to the stablecoin mechanism by providing the appropriate liquidity to maintain a sufficient peg ratio. By utilizing a reserve, base fees can be charged, collected, and pooled for transactions facilitated by the underlying stablecoin. Reserve Coin holders then get a share of this transaction pool as an incentive for their participation in maintaining the stablecoin peg ratio. Before the launch of Djed, we will be implementing a Reserve Coin that will serve this function of maintaining Djed’s peg and liquidity stability. We have provided some details on this below. ## What is Shen (SHEN)? Continuing with the ancient Egyptian theme, we picked Shen as the name for Djed’s Reserve Coin. The Shen is a symbol of both royalty and symmetry. It has a deep connection with infinity, eternity, protection, and completeness given its circularity. During our brainstorming sessions, we found this name to convey the characteristics and properties of Djed’s Reserve Coin appropriately. By buying and selling Shen, users are able to maintain Djed’s USD currency peg while earning a share of transaction fees in the reserve pool. Since the Reserve Coin is a tradable asset, holders can also profit from the short-mid term price fluctuations as an added incentive. We look forward to providing more information as we approach the official launch.
Conversion tables
ALT to SHEN values from Today at 7:11 am
0.5 ALT = 0.02725 SHEN |
1 ALT = 0.0545 SHEN |
5 ALT = 0.2725 SHEN |
10 ALT = 0.545 SHEN |
50 ALT = 2.72 SHEN |
100 ALT = 5.45 SHEN |
500 ALT = 27.25 SHEN |
1,000 ALT = 54.50 SHEN |
SHEN to ALT values from Today at 7:10 am
0.5 SHEN = 9.17 ALT |
1 SHEN = 18.35 ALT |
5 SHEN = 91.75 ALT |
10 SHEN = 183.49 ALT |
50 SHEN = 917.46 ALT |
100 SHEN = 1,834.92 ALT |
500 SHEN = 9,174.58 ALT |
1,000 SHEN = 18,349.16 ALT |
ALT to SHEN over time
ALT | Today | 24H -0.41% | 1M 4.93% | 1Y 45.53% |
|---|---|---|---|---|
0.5 ALT | 0.02725 SHEN | 0.02736 SHEN | 0.02591 SHEN | 0.01484 SHEN |
1 ALT | 0.0545 SHEN | 0.05472 SHEN | 0.05181 SHEN | 0.02968 SHEN |
5 ALT | 0.2725 SHEN | 0.2736 SHEN | 0.2591 SHEN | 0.1484 SHEN |
10 ALT | 0.545 SHEN | 0.5472 SHEN | 0.5181 SHEN | 0.2968 SHEN |
50 ALT | 2.72 SHEN | 2.74 SHEN | 2.59 SHEN | 1.48 SHEN |
100 ALT | 5.45 SHEN | 5.47 SHEN | 5.18 SHEN | 2.97 SHEN |
500 ALT | 27.25 SHEN | 27.36 SHEN | 25.91 SHEN | 14.84 SHEN |
1,000 ALT | 54.50 SHEN | 54.72 SHEN | 51.81 SHEN | 29.68 SHEN |
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.