Alkanes has transitioned from the concept and whitepaper phase to an operational L1 meta-protocol stage, according to recent intelligence. Key subsystems, including WASM runtime, Witness Envelope, BiS integration, and Subfrost v10 functionalities, have reportedly completed end-to-end demonstrations or entered internal testing on the Signet/testnet. If these developments are validated by the market, Alkanes and its ecosystem tokens (Diesel/Methane), along with key partners like Subfrost, BiS, Oyl, and Rebar, could experience a significant revaluation. The advancements include a functional WASM execution environment on Alkanes L1, practical implementation of the Witness Envelope, and the integration of BiS AMM with Alkanes/Subfrost for real-time swaps on Signet. The ecosystem's progress suggests a potential shift from experimental to product-ready status, presenting an opportunity for value reassessment. However, stakeholders are advised to remain cautious, as testnet success does not guarantee mainnet adoption or security.