Layer (LAYER) is a cryptocurrency token designed to offer secure, decentralized, and scalable infrastructure for decentralized applications (dApps). It aims to enhance user experience and developer flexibility by building a robust ecosystem. The LAYER token is typically used within its platform for staking, governance, and transaction fees, allowing holders to participate in network decisions and earn rewards.
Recently, LAYER has seen a significant decline in market value, with a 24-hour drop of approximately 43.66%, bringing its price to ₹141.51 per token. This sharp dip might be due to broader market volatility, low liquidity, or negative sentiment surrounding the project. Such fluctuations are common in the cryptocurrency space and can present both risks and opportunities for investors.
Despite short-term losses, Layer’s core technology and use case continue to attract attention, especially from developers focused on creating scalable blockchain solutions. Investors should research thoroughly before making any decisions.