$LAYER coins are the main utility token of the Solayer project, which plays an important role in the Solana ecosystem. Solayer is a platform focused on enhancing blockchain performance by combining liquid staking and re-staking to improve network efficiency and scalability. The functions of the LAYER token include:

• Staking and Governance: Users can use LAYER tokens for staking, participate in network governance, and earn rewards through staking.

• Incentive Mechanism: The LAYER token incentivizes network participants, promoting the activity and health of the ecosystem.

• Multi-Token Model: Solayer adopts a multi-token model, with LAYER being one of the core tokens, operating alongside other tokens such as sSOL (representing liquid staking tokens for staked SOL), AVS (dedicated tokens created by DApps), and sUSD (stablecoin pegged to the US dollar), forming an economic cycle within the ecosystem.

Token Economics and Distribution:

• Total Supply: The total supply of LAYER is 1 billion coins.

• Initial Circulation: The initial circulation is 220 million coins, accounting for 22% of the total supply.

• Distribution: The token distribution ratio is: Community and Ecosystem 51.23%, Core Team 17.11%, Investors 16.66%, Foundation 15%.

• Unlocking Risk: In January 2026, the core team and investors will face a large unlock, accounting for 12.74% of the total supply.

Binance HODLer Airdrop: The LAYER token was also distributed through Binance's HODLer airdrop program, rewarding based on the historical snapshot of BNB holders' BNB balances. This airdrop distributed a total of 30 million LAYER tokens, accounting for 3% of the total supply.

Market Performance: After LAYER was listed on Binance, it gained higher visibility and broader market access, helping to promote its potential for blockchain solutions. Despite uncertainties in the crypto market, the launch and circulation of LAYER tokens demonstrate Solayer's long-term support for the Solana ecosystem.

Technical Background: Solayer aims to achieve theoretical performance of 1 million TPS (transactions per second) through hardware acceleration technologies such as RDMA and InfiniBand, as well as innovations like Software Defined Networking (SDN) and sharded databases with parallel scheduling, making it competitive in the high-performance public chain field.

The launch and market performance of the LAYER token reflect the Solayer project's contribution to the advancement of blockchain technology and its potential value in the cryptocurrency market.