Solayer’s native token, $LAYER , has recently experienced a notable decline, currently trading at approximately $1.95, down from its intraday high of $3.12. This downturn follows its all-time high of $2.99 reached in late April.  

The price drop is attributed to several factors. Post-airdrop enthusiasm has waned, leading to reduced trading volumes. Additionally, the broader crypto market has faced increased volatility, impacting investor confidence. Analysts suggest that while $LAYER’s fundamentals remain strong, short-term price movements are influenced by market sentiment and macroeconomic factors. 

Despite the recent decline, Solayer’s long-term prospects appear promising. The project continues to develop its InfiniSVM architecture, aiming to enhance scalability and performance for decentralized applications. Furthermore, strategic partnerships and ongoing ecosystem development could bolster $LAYER’s value proposition in the coming months.  

Investors are advised to monitor Solayer’s progress and market conditions closely, as these will play crucial roles in determining $LAYER’s future trajectory.