LAYER
$1.99

Solayer (LAYER) Price

$1.99
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Solayer (LAYER) Price Today

The live price of Solayer is $1.99 USD. In the past 24 hours, the trading volume of Solayer was $120.6M USD, with a change of -0.65%. The current live price of Solayer has changed by -11.56% from its 7-day high of $2.25 USD and by +2.59% from its 7-day low of $1.94 USD. With a circulating supply of $1,000,000,000.00 LAYER, the market cap of Solayer is currently $418.8M USD, marking a -2.80% change in the last 24 hours. Solayer currently ranks 121 by market capitalization.

Solayer (LAYER) Market Data

Market Cap
$418.8M
24h Volume
$120.6M
Circulating Supply
1B LAYER
Maximum Supply
--
Fully Diluted Market Cap
$1.9B
Liquidity Indicator
28.81%
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About Solayer (LAYER)

What is Solayer? Revolutionizing Blockchain Performance with InfiniSVM


Solayer is a groundbreaking blockchain protocol designed to enhance dApp performance on Solana. By leveraging its next-generation architecture, InfiniSVM, Solayer aims to achieve unmatched throughput, low latency, and robust composability. Utilizing Infiniband RDMA for near-microsecond inter-node communication and advanced concurrency control strategies, Solayer is pushing blockchain performance to hardware limits, targeting over 1 million transactions per second (TPS) and 100 Gbps+ network bandwidth. Launched in Q1 2024, Solayer presents a scalable solution for next-generation applications that demand high throughput, low fees, and a seamlessly composable environment.


How Does Solayer Work?


Solayer addresses key challenges faced by dApps on Solana, including unreliable block space and high transaction costs during peak usage times. It enhances network access reliability and reduces associated costs by up to 50x. Here's how it works:



  • InfiniSVM Architecture: This high-performance blockchain architecture utilizes Infiniband RDMA for ultra-fast inter-node communication and advanced concurrency control, pushing the boundaries of blockchain performance.

  • swQoS (Stake-weighted Quality of Service): In Solayer, network resources are allocated based on stake, ensuring consistent performance for dApps. The more stake allocated, the better the quality of service received.

  • Restaking and Delegation: Users can deposit SOL or LSTs into Solayer’s vault to secure network bandwidth, while delegators stake tokens towards dApps or operators they trust, supporting network security and resource allocation.

  • Ecosystem Integration: Solayer offers various use cases, from enabling developers to build high-performance dApps to providing users with yield opportunities through staking.


Solayer Founding Team


Solayer is backed by an experienced team of blockchain innovators:



  • Rachel Chu – Co-founder of Solayer and a core developer of SushiSwap, bringing extensive expertise in decentralized finance and blockchain development.

  • Jason Li – Co-founder of Solayer and MPCVault, serving as the Head of Engineering. He has been instrumental in developing solutions for restaking, tokenized real-world assets (RWAs), and blockchain hardware.

  • Ryan Clark – Head of Strategy and Growth, formerly with nftperp and 1kx, contributing strategic insights for Solayer's expansion.


With a vision to revolutionize blockchain infrastructure, the team has secured significant backing, including a $12 million seed round led by Polychain Capital.


Solayer Tokenomics


$LAYER is the native and governance token powering the Solayer ecosystem, including InfiniSVM and protocol-level products. It serves several purposes:



  • Governance: Token holders can vote on protocol upgrades, supported assets, and key ecosystem initiatives.

  • Network Utility: As Solayer evolves, $LAYER will be used for Proof of Stake consensus and as the gas token for transactions on the network.

  • Staking and Rewards: Users can stake $LAYER to secure the network and earn block rewards, aligning economic incentives across the ecosystem.


Token Distribution and Vesting:



  • Total Supply: 1,000,000,000 $LAYER tokens with an initial circulating supply of 220,000,000 (22%).

  • Distribution Breakdown:

    • Community & Ecosystem (51.23%): Supporting R&D, developer programs, ecosystem growth, and community incentives.

    • Core Contributors (17.11%): For team members and advisors.

    • Investors (16.66%): Allocated to investors backing Solayer’s growth.

    • Foundation (15%): Dedicated to supporting product expansion and network development.



  • Vesting Schedule: Varies across categories, including a 1-year cliff for team and investors, with linear vesting over the next 2-4 years.


Is Solayer a Good Investment?


Solayer presents a compelling investment opportunity, particularly for those interested in high-performance blockchain infrastructure. Its InfiniSVM architecture aims to overcome the limitations of existing blockchain networks by achieving unparalleled scalability and throughput. This technological advantage positions Solayer as a leader in enabling next-generation dApps that require high-speed, low-latency transactions. Additionally, its innovative stake-weighted quality of service (swQoS) model ensures reliable network performance, a crucial feature for developers and users alike.


The real-world application potential of Solayer is immense, especially within the Solana ecosystem, where dApps are struggling with block space reliability and high transaction fees. By addressing these pain points, Solayer provides a cost-effective solution that enhances dApp performance and user experience. Furthermore, the protocol's integrated ecosystem—offering yield opportunities for users and a seamless development platform for high-performance dApps—strengthens its market position.


From an investment perspective, Solayer’s $12 million seed round led by Polychain Capital and its strategic roadmap for hardware offloading demonstrate strong investor confidence and a clear vision for growth. With the $LAYER token underpinning governance and utility within the ecosystem, its value is likely to appreciate as the network scales and more products are launched. However, as with all investments in the cryptocurrency market, potential investors should consider the inherent risks and volatility, conducting thorough research before making investment decisions.


Why Trade LAYER on BingX?


Trading altcoins efficiently requires a platform that can keep up with the rapid pace of market fluctuations while ensuring cost-effectiveness and real-time insights. BingX provides a seamless and optimized trading experience for traders seeking to navigate the altcoin market efficiently.


Low and Transparent Trading Fees 


Trading on BingX is cost-effective, with competitive fees as low as 0.1% for both makers and takers. This allows traders to maximize profitability while keeping expenses minimal. Additionally, the exchange’s dynamic withdrawal fee system adjusts based on market conditions, ensuring efficient and fair transaction costs.


Fast Execution for High Volatility 


Altcoin prices can be highly volatile, making it essential to execute trades quickly and accurately. BingX’s advanced trading infrastructure is designed to minimize slippage and secure precise entry and exit points, ensuring traders can capitalize on market opportunities without delays.


Expert Market Insights 


Staying informed is crucial in the fast-moving altcoin market. BingX offers expert analysis, price predictions, and insights from experienced analysts tracking Bitcoin dominance, price movements, support/resistance levels, and macroeconomic trends. These tools empower traders to make well-informed decisions.


Now BingX offers exclusive gifts up to $6,000 by signing up for a BingX user account. Register your account and trade now!

Information source

Solayer (LAYER) Price Converter

LAYER to USD
1 LAYER = $ 1.99
LAYER to VND
1 LAYER = ₫ 51,786.97
LAYER to EUR
1 LAYER = € 1.76
LAYER to TWD
1 LAYER = NT$ 64.99
LAYER to IDR
1 LAYER = Rp 33,630.29
LAYER to PLN
1 LAYER = zł 7.54
LAYER to UZS
1 LAYER = so'm 25,751.85
LAYER to JPY
1 LAYER = ¥ 285.04
LAYER to RUB
1 LAYER = ₽ 162.60
LAYER to TRY
1 LAYER = ₺ 76.34
LAYER to THB
1 LAYER = ฿ 67.09
LAYER to UAH
1 LAYER = ₴ 82.93
LAYER to SAR
1 LAYER = ر.س 7.48
Solayer Price Converter

How to Buy Solayer (LAYER)

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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.
Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.