#BuiltonSolayer Built on Solayer refers to the Solayer protocol, a hardware-accelerated blockchain designed to achieve high transaction per second (TPS) rates and near-zero latency use cases. Here's today's update on Solayer:
Current Price and Market Data
- *Current Price*: $0.603065 USD, with a 24-hour trading volume of $12,374,666 USD
- *Market Capitalization*: $171,041,555 USD, ranking #251 on CoinMarketCap
- *Circulating Supply*: 283,620,416 LAYER coins
- *Maximum Supply*: Not available
Price Movement
- *24-hour Change*: Up 2.46% in the last 24 hours
- *7-day Change*: Not available, but KuCoin reports a 7.11% decrease over the last week
- *30-day Change*: Down 2.14% according to KuCoin
Key Features
- *Hardware Acceleration*: Solayer offloads blockchain components onto programmable chips to target 1MM+ TPS and 100Gbps+ network bandwidth
- *InfiniSVM Architecture*: Infinitely scales the SVM leveraging SDN, RDMA, and dedicated hardware like InfiniBand technology
- *Restaking Protocol*: Allows users to restake SOL tokens or Liquid Staking Tokens (LSTs) to earn additional rewards and enhance network security
Tokenomics
- *Total Supply*: 1 billion tokens
- *Initial Circulating Supply*: 220 million tokens
- *Token Distribution*: 51.23% for community and ecosystem growth, 17.11% for core contributors, 16.66% for investors, and 15% for the Solayer Foundation
Trading and Investment
- *Trading Platforms*: Available on exchanges like KuCoin and CoinMarketCap
- *Investment Opportunities*: Users can earn yields through restaking, trading, and participating in governance ¹ ².
