$LAYER coins are the main utility token of the Solayer project, playing an important role in the Solana ecosystem. Solayer is a platform focused on improving blockchain performance by combining liquid staking and re-staking to enhance 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: LAYER tokens incentivize network participants, promoting the activity and health of the ecosystem.
• Multi-token Model: Solayer adopts a multi-token model, with LAYER as one of the core tokens, operating alongside other tokens such as sSOL (a liquid staking token representing staked SOL), AVS (a dedicated token created by DApps), and sUSD (a 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 tokens.
• Initial Circulation: The initial circulation is 220 million tokens, 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 unlocking, 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. A total of 30 million LAYER tokens were distributed in this airdrop, accounting for 3% of the total supply.
Market Performance: The LAYER token gained higher visibility and broader market access after being listed on Binance, helping to drive its potential for blockchain solutions. Despite the uncertainties in the crypto market, the launch and circulation of the LAYER token demonstrate Solayer's long-term support for the Solana ecosystem.
Technical Background: Solayer is committed to achieving theoretically 1 million TPS (transactions per second) performance 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.
