Solayer is a typical project that 'doesn't just rely on narrative but builds protocols'.
At the time when the Solana ecosystem is on the eve of application-side explosion, most people are still telling stories around MEV, DEX, and memes, while Solayer has already built its own solution path around a hard indicator — performance bottlenecks. And the InfiniSVM it is building may very well be the core starting point for the entire VM system of Solana to move towards 'infinite expansion'.
From the latest Devnet information, InfiniSVM is not just some 'compatible computing layer', but starts from two paths: protocol structure rewriting + hardware acceleration, with the goal of achieving a performance limit of over 1 million TPS, while supporting larger-scale on-chain financial activities without sacrificing security and decentralization. The premise for this is that Solayer itself possesses a high degree of autonomous system development capability — which also explains their decision to acquire the Web3 security company Fuzzland at the beginning of the year: rebuilding the VM cannot be done without mastering the security stack.
But Solayer's ambition goes beyond the underlying layer; it is simultaneously building its own product matrix, trying to form a complete on-chain value closed loop.
For example, sUSD — an on-chain dollar asset backed by US Treasury returns, with an annual return of 4%, which is already online on Base and supports cross-chain circulation. This is not a typical stablecoin narrative, but a combination product of 'on-chain dollar carrier + yield tool'. It is more like an on-chain 'savings account' rather than a simple settlement tool.
Another example is the native Sol staking vault, which brings about 12% annual staking returns through its self-developed Mega Validator, maximizing Solana's staking rewards. Another example is the Emerald Card, a physical crypto payment card promoted by Solayer, which is supported by the Visa channel, allowing users to spend USDC and earn sUSD returns, with a supporting points system, on-chain task incentives, and ongoing joint marketing with ecosystems like Nansen and Nubit. This card is actually trying to build an 'on-chain consumption organization' — an on-chain credit account that integrates finance, consumption, identity, and incentives.
All of the above is forming a relatively clear ecological direction: Solayer wants to become the central clearing layer, yield layer, and account layer of the SVM world. Its logic is not to build a new Layer 1, but to delve deeply into three vertical modules: VM performance, on-chain dollars, and on-chain payments.
The future path of Solayer can probably be extended from three lines:
One path is the computing power route. If InfiniSVM can achieve infinite scaling of VMs, it will be the basis for re-layering SVM and the overall Solana architecture, and it cannot be ruled out that it will take on independent Rollups in the future.
One path is the asset route. sUSD already has the prototype of 'on-chain US Treasury returns + multi-chain circulation', and it could become the underlying infrastructure for stablecoins in on-chain ecosystems like Base and Solana.
One path is the account route. The Emerald Card and its incentive mechanism are trying to replace the role of 'centralized payment organizations' and become a hub for consumption and appreciation of on-chain personal assets.
Solayer is not the kind of 'just launched, still in testing' early project; $LAYER has circulated on multiple exchanges, and the paths for users, products, and protocols have already taken shape. Its problem may not be whether it can succeed, but whether it can run through the ecosystem in this round and establish its own cycle.
Looking back from the present, this seems more like an experimental field of 'on-chain credit networks + high-speed settlement layers'. If it can leverage InfiniSVM to support computing power and activate funds with sUSD and cards, then it will not just be a patch for Solana's infrastructure, but possibly a new hub for the entire SVM world.
