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If you’re new to Aztec—welcome. This is the rundown on Aztec: what it is, how it works and why it matters.
Without solving privacy at the base layer, networks remain exposed—no matter what’s built on top. Patchwork solutions like centralized sequencers, trusted execution environments, or mixers may sound credible, but they fall short. And when privacy breaks, everything on-chain is at risk: identities, accounts, assets, even institutions. We all know that privacy can’t be an add-on. It has to be native, end-to-end, from the start. It needs to be flexible, easy to code, fast to execute and affordable to scale.
No native privacy.
No real use cases.
No real adoption.
No real impact.
See the big picture. This diagram illustrates how Aztec efficiently processes both public and private functions in a single hybrid transaction.
In November 2025, the Aztec Ignition Chain went live as the first decentralized L2 on Ethereum. Since launch, more than 185 operators across 5 continents have joined the network, with 3,400+ sequencers now running. The Ignition Chain is the backbone of the Aztec Network; true end-to-end programmable privacy is only possible when the underlying network is decentralized and permissionless.
Until now, only participants from the $AZTEC token sale have been able to stake and earn block rewards ahead of Aztec's upcoming Token Generation Event (TGE), but that's about to change. Keep reading for an update on the state of the network and learn how you can spin up your own sequencer or start delegating your tokens to stake once TGE goes live.
The Ignition Chain launched to prove the stability of the consensus layer before the execution environment ships, which will enable privacy-preserving smart contracts. The network has remained healthy, crossing a block height of 75k blocks with zero downtime. That includes navigating Ethereum's major Fusaka upgrade in December 2025 and a governance upgrade to increase the queue speed for joining the sequencer set.
Over 30M $AZTEC tokens have been distributed to sequencers and provers to date. Block rewards go out every epoch (every 32 blocks), with 70% going to sequencers and 30% going to provers for generating block proofs.
If you don't want to run your own node, you can delegate your stake and share in block rewards through the staking dashboard. Note that fractional staking is not currently supported, so you'll need 200k $AZTEC tokens to stake.
The Ignition Chain launched as a decentralized network from day one. The Aztec Labs and Aztec Foundation teams are not running any sequencers on the network or participating in governance. This is your network.
Anyone who purchased 200k+ tokens in the token sale can stake or delegate their tokens on the staking dashboard. Over 180 operators are now running sequencers, with more joining daily as they enter the sequencer set from the queue. And it's not just sequencers: 50+ provers have joined the permissionless, decentralized prover network to generate block proofs.
These operators span the globe, from solo stakers to data centers, from Australia to Portugal.
Participating sequencers have maintained a 99%+ attestation rate since network launch, demonstrating strong commitment and network health. Top performers include P2P.org, Nethermind, and ZKV. You can see all block activity and staker performance on the Dashtec dashboard.
On January 26th, 2026, the community passed a governance proposal for TGE. This makes tokens tradable and unlocks the AZTEC/ETH Uniswap pool as early as February 11, 2026. Once that happens, anyone with 200k $AZTEC tokens can run a sequencer or delegate their stake to participate in block rewards.
Here's what you need to run a validator node:
These are accessible specs for most solo stakers. If you've run an Ethereum validator before, you're already well-equipped.
To get started, head to the Aztec docs for step-by-step instructions on setting up your node. You can also join the Discord to connect with other operators, ask questions, and get support from the community. Whether you run your own hardware or delegate to an experienced operator, you're helping build the infrastructure for a privacy-preserving future.
Solo stakers are the beating heart of the Aztec Network. Welcome aboard.
The $AZTEC token sale was the first of its kind, conducted entirely onchain with ~50% of the capital committed coming from the community. The sale was conducted completely onchain to ensure that you have control over your tokens from day one. As we approach the TGE vote, all token sale participants will be able to vote to unlock their tokens and make them tradable.
Immediately following the $AZTEC token sale, tokens could be withdrawn from the sale website into your personal Token Vault smart contracts on the Ethereum mainnet. Right now, token holders are not able to transfer or trade these tokens.
The TGE is a governance vote that decides when to unlock these tokens. If the vote passes, three things happen:
This decision is entirely in the hands of $AZTEC token holders. The Aztec Labs and Aztec Foundation teams, and investors cannot participate in staking or governance for 12 months, which includes the TGE governance proposal. Team and investor tokens will also remain locked for 1 year and then slowly unlock over the next 2 years.
The proposal for TGE is now live, and sequencers are already signaling to bring the proposal to a vote. Once enough sequencers have signaled, anyone who participated in the token sale will be able to connect their Token Vault contract to the governance dashboard to vote. Note, this will require you to stake/unstake and follow the regular 15-day process to withdraw tokens.
If the vote passes, TGE can go live as early as February 12, 2026, at 7am UTC. TGE can be executed by the first person to call the execute function to execute the proposal after the time above.
If you participated in the token sale, you don't have to do anything if you prefer not to vote. If the vote passes, your tokens will become available to trade at TGE. If you want to vote, the process happens in two phases:
Sequencers kick things off by signaling their support. Once 600 out of 1,000 sequencers signal, the proposal moves to a community vote.
After sequencers create the proposal, all Token Vault holders can vote using the voting governance dashboard. Please note that anyone who wants to vote must stake their tokens, locking their tokens for at least 15 days to ensure the proposal can be executed before the voter exits. Once signaling is complete, the timeline is as follows:
Vote Requirements:
Do I need to participate in the vote? No. If you don't vote, your tokens will become available for trading when TGE goes live.
Can I vote if I have less than 200,000 tokens? Yes! Anyone who participated in the token sale can participate in the TGE vote. You'll need to connect your wallet to the governance dashboard to vote.
Is there a withdrawal period for my tokens after I vote? Yes. If you participate in the vote, you will need to withdraw your tokens after voting. Voters can initiate a withdrawal of their tokens immediately after voting, but require a standard 15-day withdrawal period to ensure the vote is executed before voters can exit.
If I have over 200,000 tokens is additional action required to make my tokens tradable after TGE? Yes. If you purchased over 200,000 $AZTEC tokens, you will need to stake your tokens before they become tradable.
What if the vote fails? A new proposal can be submitted. Your tokens remain locked until a successful vote is completed, or the fallback date of November 13, 2026, whichever happens first.
I'm a Genesis sequencer. Does this apply to me? Genesis sequencer tokens cannot be unlocked early. You must wait until November 13, 2026, to withdraw. However, you can still influence the vote by signaling, earn block rewards, and benefit from trading being enabled.
This overview covers the essentials, but the full technical proposal includes contract addresses, code details, and step-by-step instructions for sequencers and advanced users.
Read the complete proposal on the Aztec Forum and join us for the Privacy Rabbit Hole on Discord happening this Thursday, January 22, 2026, at 15:00 UTC.
Follow Aztec on X to stay up to date on the latest developments.
The $AZTEC token sale was conducted entirely onchain to maximize transparency and fair distribution. Next steps for holders are as follows:
The $AZTEC token sale has come to a close– the sale was conducted entirely onchain, and the power is now in your hands. Over 16.7k people participated, with 19,476 ETH raised. A huge thank you to our community and everyone who participated– you all really showed up for privacy. 50% of the capital committed has come from the community of users, testnet operators and creators!
Now that you have your tokens, what’s next? This guide walks you through the next steps leading up to TGE, showing you how to withdraw, stake, and vote with your tokens.
The $AZTEC sale was conducted onchain to ensure that you have control over your own tokens from day 1 (even before tokens become transferable at TGE).
The team has no control over your tokens. You will be self-custodying them in a smart contract known as the Token Vault on the Ethereum mainnet ahead of TGE.
Your Token Vault contract will:
To create and withdraw your tokens to your Token Vault, simply go to the sale website and click on ‘Create Token Vault.’ Any unused ETH from your bids will be returned to your wallet in the process of creating your Token Vault.
If you have 200,000+ tokens, you are eligible to start staking and earning block rewards today.
You can stake by connecting your Token Vault to the staking dashboard, just select a provider to delegate your stake. Alternatively, you can run your own sequencer node.
If your Token Vault holds 200,000+ tokens, you must stake in order to withdraw your tokens after TGE. If your Token Vault holds less than 200,000 tokens, you can withdraw without any additional steps at TGE
Fractional staking for anyone with less than 200,000 tokens is not currently supported, but multiple external projects are already working to offer this in the future.
TGE is triggered by an onchain governance vote, which can happen as early as February 11th, 2026.
At TGE, 100% of tokens from the token sale will be transferable. Only token sale participants and genesis sequencers can participate in the TGE vote, and only tokens purchased in the sale will become transferrable.
Community members discuss potential votes on the governance forum. If the community agrees, sequencers signal to start a vote with their block proposals. Once enough sequencers agree, the vote goes onchain for eligible token holders.
Voting lasts 7 days, requires participation of at least 100,000,000 $AZTEC tokens, and passes if 2/3 vote yes.
Following a successful yes vote, anyone can execute the proposal after a 7-day execution delay, triggering TGE.
At TGE, the following tokens will be 100% unlocked and available for trading:
Join us Thursday, December 11th at 3 pm UTC for the next Discord Town Hall–AMA style on next steps for token holders. Follow Aztec on X to stay up to date on the latest developments.
We invented the math. We wrote the language. Proved the concept and now, we’re opening registration and bidding for the $AZTEC token today, starting at 3 pm CET.
The community-first distribution offers a starting floor price based on a $350 million fully diluted valuation (FDV), representing an approximate 75% discount to the implied network valuation (based on the latest valuation from Aztec Labs’ equity financings). The auction also features per-user participation caps to give community members genuine, bid-clearing opportunities to participate daily through the entirety of the auction.
The token auction portal is live at: sale.aztec.network
We’ve taken the community access that made the 2017 ICO era great and made it even better.
For the past several months, we've worked closely with Uniswap Labs as core contributors on the CCA protocol, a set of smart contracts that challenge traditional token distribution mechanisms to prioritize fair access, permissionless, on-chain access to community members and the general public pre-launch. This means that on day 1 of the unlock, 100% of the community's $AZTEC tokens will be unlocked.
This model is values-aligned with our Core team and addresses the current challenges in token distribution, where retail participants often face unfair disadvantages against whales and institutions that hold large amounts of money.
Early contributors and long-standing community members, including genesis sequencers, OG Aztec Connect users, network operators, and community members, can start bidding today, ahead of the public auction, giving those who are whitelisted a head start and early advantage for competitive pricing. Community members can participate by visiting the token sale site to verify eligibility and mint a soul-bound NFT that confirms participation rights.
To read more about Aztec’s fair-access token sale, visit the economic and technical whitepapers and the token regulatory report.
Discount Price Disclaimer: Any reference to a prior valuation or percentage discount is provided solely to inform potential purchasers of how the initial floor price for the token sale was calculated. Equity financing valuations were determined under specific circumstances that are not comparable to this offering. They do not represent, and should not be relied upon as, the current or future market value of the tokens, nor as an indication of potential returns. The price of tokens may fluctuate substantially, the token may lose its value in part or in full, and purchasers should make independent assessments without reliance on past valuations. No representation or warranty is made that any purchaser will achieve profits or recover the purchase price.
Information for Persons in the UK: This communication is directed only at persons outside the UK. Persons in the UK are not permitted to participate in the token sale and must not act upon this communication.
MiCA Disclaimer: Any crypto-asset marketing communications made from this account have not been reviewed or approved by any competent authority in any Member State of the European Union. Aztec Foundation as the offeror of the crypto-asset is solely responsible for the content of such crypto-asset marketing communications. The Aztec MiCA white paper has been published and is available here. The Aztec Foundation can be contacted at hello@aztec.foundation or +41 41 710 16 70. For more information about the Aztec Foundation, visit https://aztec.foundation.
Builders are breaking new ground with Aztec’s unique functionality. This rising cadre is reshaping commerce, culture and everything in between.
Aztec is a fully decentralized, privacy-preserving L2 on Ethereum. It’s a zk rollup that combines Ethereum’s security with cutting-edge cryptography to give users control over what’s public and what stays private. Think of it as the bridge between the transparency of Ethereum and the privacy you need to build real-world applications, like private accounts, transactions, and data.
Aztec is for anyone who values both decentralization and privacy. It serves everyday crypto users who don’t want their entire wallet history exposed. It empowers DeFi builders creating the next generation of private applications. It provides investors and institutions with the ability to conduct confidential transactions or hold private on-chain assets. And it enables stablecoin issuers who want to issue private stablecoins.
Aztec is the only decentralized blockchain that offers full end-to-end programmable privacy. Aztec lets you build entire applications — DeFi, gaming, identity, voting — where privacy isn’t an afterthought, it’s the default. By using client-site zero-knowledge proofs, Aztec ensures your balances, activity, and even contract execution remain confidential while still inheriting Ethereum’s security.
Most blockchains are fully transparent — anyone can see your balances, trades, and on-chain history. Aztec flips this model by being a privacy blockchain that gives users choice: make things public when needed, keep everything else private. Unlike other privacy crypto projects that run their own chains, Aztec is a zk rollup L2 on Ethereum. That means it has Ethereum’s security, composability, and community — plus programmable end-to-end privacy.
Noir is Aztec’s programming language for zero-knowledge applications. It lets developers build apps that blend public and private elements without needing to understand complex cryptography. For everyday users, this means apps built on Aztec just work — private by default, but flexible when something needs to be public. Developers write smart contracts using aztec.nr, a framework for Noir.
On Aztec, you can trade and lend in DeFi without revealing your wallet balances, vote on proposals privately while still displaying public results, and share data selectively—for example, proving you’re over 18 without disclosing your exact birthday. You can also build private applications for gaming, identity, or financial privacy, and extend Aztec’s privacy features cross-chain into other networks.
Yes. Aztec decentralizes across three layers: sequencers, which order transactions and propose blocks; provers, which generate zk proof for blocks; and governance, where the community decides on upgrades. This structure ensures that Aztec is censorship-resistant and not controlled by a single party—a critical factor for any privacy-preserving blockchain.
