#layer

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$LAYER is currently testing the key horizontal support zone on the daily chart. Despite the heavy selloff from the recent highs, this level is still holding. As long as $LAYER stays above this support, there’s a chance for a bullish reaction. Watching for signs of strength or a possible bounce from here.

Layer tokens (LAYER, L2, etc.) are gaining traction as Ethereum scaling solutions like Arbitrum, Optimism, and zkSync drive demand for governance and utility assets. These tokens power decentralized sequencers, fee discounts, and ecosystem incentives across rollups. With Ethereum's Dencun upgrade reducing L2 costs, layer tokens are poised for growth—though competition is fierce. Key metrics to watch: TVL growth, transaction share, and airdrop-fueled adoption.