LAYER Token from Solayer: A Layer-2 Blockchain on the Solana Network

Modified on Mon, 15 Sep at 4:55 PM

In the rapidly evolving world of Decentralized Finance (DeFi), scalability and liquidity remain paramount, continuously driving developers to innovate. Solayer has emerged as a groundbreaking Layer-2 blockchain built on the Solana network, aiming to enhance and unlock unprecedented use cases for underlying assets like SOL.

What is Solayer?

Solayer is a Layer-2 blockchain constructed on Solana. Its primary objective is to boost the scalability and liquidity of the Solana network. Essentially, Solayer functions as an innovative restaking protocol on Solana, allowing users to deposit SOL tokens or Solana-based Liquid Staking Tokens (LSTs) such as mSOL and JitoSOL. In exchange, users receive sSOL, a liquid restaking token that can be utilized across various decentralized applications (dApps) and Liquid Restaking Tokens (LRTs), significantly optimizing capital efficiency.

At the technological heart of Solayer lies the InfiniSVM architecture. This new generation, hardware-accelerated blockchain network aims to push performance to its absolute limits. By leveraging Infiniband RDMA for near-microsecond inter-node communication and advanced concurrency control strategies, InfiniSVM targets 1 million+ transactions per second (TPS) and 100Gbps+ network bandwidth. This revolutionary approach aims to offload blockchain components to programmable chips, enabling dApps to handle extremely high workloads with near-zero latency.

Solayer operates through three core components: the Restaking Pool Manager (manages sSOL deposits and withdrawals), the Delegation Manager (allocates sSOL to various Active Verification Services or AVSs to ensure smooth consensus mechanisms), and the Reward Accounting Unit (calculates user rewards based on staking activity).

Solayer's Prominent Features

Solayer boasts several standout features:

Universal Liquidity Layer: It acts as a liquidity layer, allowing every unit of SOL to contribute to network bandwidth and security. This is essentially "renting" SOL to dApps.
Internal AVS Focus: Solayer prioritizes "internal" AVSs, meaning it enhances services and protocols residing on the Solana network, including Solana Layer 2s, decentralized cloud infrastructure, and native Solana dApps.
sUSD Stablecoin: sUSD is a Solana stablecoin backed by real-world assets (RWA), pegged to the US Dollar, and offers yield generation opportunities linked to U.S. Treasury Bills, providing a stable and unique revenue stream.

Cross-chain Interoperability: Solayer envisions seamless asset and liquidity transfers between major blockchains like Ethereum, Solana, and Binance Smart Chain, aiming to reduce trading costs and improve capital efficiency.
Solayer Travel (Emerald Card): A unique offering, Solayer Travel provides an exclusive travel booking platform for Emerald Card holders, enabling discounted global travel using on-chain balances.

What is the LAYER Token?

The LAYER token is the Utility and Governance Token of the Solayer ecosystem, built on the Solana blockchain. Its diverse utility forms the foundation of the entire protocol, encompassing:

Governance: LAYER holders actively participate in decentralized governance by voting on critical protocol upgrades, treasury management, and ecosystem initiatives.
Staking and Rewards: Users can stake LAYER to help secure the network and earn rewards, incentivizing long-term participation.
Network Fees: LAYER is used to pay transaction fees on the Solayer network and for cross-chain transactions within dApps via Solayer.
Liquidity Provision: Holders can provide liquidity to various pools, earning incentives and strengthening the network's infrastructure.
Ecosystem Incentives: LAYER tokens are distributed through airdrops and other rewards to foster community engagement and attract new participants.

Token Allocation and Tokenomics

The LAYER token has a total supply of 1,000,000,000 tokens. The distribution strategy is designed to promote community growth and sustainable development, with tokens allocated as follows:

Community & Ecosystem (51.23%): Focused on continuous research and development, developer programs, ecosystem growth, and community incentives, including potential "Genesis Drops" for early adopters.
Core Contributors & Advisors (17.11%): Allocated to the core team and advisors driving the project's development and strategic direction.
Investors (16.66%): Reserved for investors who provide funding to support Solayer's growth.
Solayer Foundation (15%): Committed to expanding product verticals and network development, ensuring adaptability and the integration of future features.

Vesting schedules are applied to different allocations (e.g., team and investor tokens have lock-up periods followed by linear unlocks) to ensure long-term alignment and prevent sudden market shifts. LAYER's tokenomics are crafted to incentivize active participation, maintain a healthy balance of supply and demand, and support the protocol's sustainability.

Who are the Founders?

Solayer was founded by Jason Li and Rachel Chu. Their expertise and vision have been instrumental in shaping Solayer's innovative approach to enhancing Solana's capabilities. Additionally, the team includes key individuals such as Joshua Sum (Head of Product), and the project is supported by prominent investors and advisors in the crypto space.

LAYER Price Snapshot

As of 25 July 2025, data from CoinMarketCap shows that the LAYER coin has a market capitalization of US$144,479,398, or approximately 4,678,095,830 Thai Baht.

At the time of writing, the LAYER coin is trading at approximately US$0.6879, or about 22.26 Thai Baht per LAYER. LAYER previously reached its all-time high of US$3.40, or approximately 109.98 Thai Baht per LAYER, on 5 May 2025.

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