The Solana meta is making a strong comeback, with new, utility-driven cryptos like LAYER fueling the charge.
A native token of a restaking protocol Solayer, LAYER has shown remarkable bullish strength over the past seven days, soaring by nearly 60% to set a new ATH of $3.16.
While it has since stabilized around $3.15, a zoomed-out look at the 4-hour timeframe indicates that the crypto asset could be gearing up for another big move, perhaps to new all-time highs.
Is Solayer the next crypto to watch closely?
What is Solayer?
Solayer brings the concept of restaking to the Solana landscape, allowing SOL holders to extend the utility of their staked assets through actively validated services.
Similar to what EigenLayer is doing on Ethereum, Solayer redistributes staked SOL to make the Solana network more secure and decentralized, which in turn, enhances the performances of on-chain applications.
Liquid staking tokens like mSOL and JitoSOL can be restaked alongside SOL on Solayer, providing additional opportunities for stakers to amplify their rewards.
A key aspect of this protocol is its integration with Solana’s Proof-of-History, which ensures that restaking does not affect network finality.
Solayer also acts as an hardware-accelerated blockchain, leveraging its InfiniSVM architecture to address the major pain points of Solana, including network congestion and outages.
At the core of Solayer is LAYER, a governance token that allows investors to contribute to its future growth and partake in decision-making. The token was launched through the Binance HODLer Airdrops program on February 11, 2025.
Solayer Price History
Shortly after its TGE on February 11, LAYER secured multiple listings on tier-1 CEXs like KuCoin, Gate.io, HTX, and Binance. Its price saw a five-wave upward movement the same day, soaring from its listing price of $1.3 to $1.4.
However, it wasn’t long before the token started experiencing a downward spiral, fueled by heavy selling pressure from early investors. And within seven days of its debut, LAYER had already reached its all-time low of $0.59.
A panic rally then pushed it back above $1.1, a level at which it traded between March and early April. And by mid-April, LAYER started a huge bullish move that eventually took its price to a peak of $3.16, representing over 400% rally from its February low.
The current price of $3.15 reflects a slight pullback from the ATH, but given the bullish conditions in the broader crypto market, many believe the next big move is on the horizon.
LAYER Price Prediction
Short-Term
LAYER’s recent pump is closely linked to the broader market recovery as well as the anticipation around the launch of the protocol’s public Devnet—which will target 1M+ TPS, 100Gbps while maintaining an atomic state.
The public Devnet, according to reports, will go live before the end of Q2 2025, while the mainnet is expected in the latter half of the year. If successful, Solayer could create a practical architecture that addresses real issues plaguing Solana during heavy traffic loads.
This is why $LAYER price is increasing?
— Satyam Singh (@Satyams2468) April 29, 2025
It is therefore not without reasons that investor sentiment toward LAYER has flipped bullish over the past few weeks. Most importantly, the token’s technicals, especially on the daily timeframe, show a major wave in purchases, suggesting that more upward movement could be in the pipeline if the bulls persist.
As market enthusiasm improves, experts believe the token could climb as high as $5.19 before the second week of May 2025.
Long-Term
Long-term growth for LAYER depends on its ability to stick to its plan of creating a high-performance InfiniSVM architecture that completely redefines and unlocks the full potential of Web3.
The next development stages, from public Devnet to mainnet, will be crucial in determining the platform’s commitment to delivering on the promise.
But in the event that it succeeds, Solayer could position itself as a key player in an increasingly competitive blockchain environment. This would place the LAYER price significantly higher than its current levels.
Is LAYER a Good Investment?
Considering the ongoing developments around its InfiniSVM project, experts see $LAYER among the coins poised for sustained upward growth in the next bull cycle. However, it is not the only game in town.
Solaxy, another Solana-based coin, is also making headlines as one of the most in-demand projects on the market, thanks to its strong technological foundation and staking perks.
Much like Solayer, Solaxy has been built to help the Solana blockchain become more efficient. While Solayer has taken a hardware-accelerated approach to optimizing the performance of decentralized apps, Solaxy is building a Layer-2 scaling solution that will deliver excellent scalability, even during periods of high network congestion.
Its Layer-2 ecosystem will consist of ZK rollups, a Hyperlane-powered multi-chain bridge and data availability tools like Celestia, making transactions on Solana cheaper, faster, and more efficient.
According to the project team, Solaxy will be able to sustain 149kb/s with optimal configuration on the Solana mainnet—a feat that represents a groundbreaking shift in blockchain scalability.
What gives Solaxy an edge over traditional L2s is its multichain functionality, which ensures free flow of funds between two of the most popular blockchains in the world—Solana and Ethereum.
Adding another feather to its bow is its staking mechanism, providing an avenue for early buyers to earn passive rewards.
All of this, and more, have been the reasons for the strong whale demand for SOLX.
Not less than $35 million has been raised at press time, and prominent analysts like ClayBro believe it could be the next big hit.
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