Solayer Project AnalysisSolayer is a pioneering restaking protocol built on the Solana blockchain, launched in Q1 2024, aiming to enhance scalability and security through its innovative InfiniSVM architecture. It allows users to restake SOL or liquid staking tokens (LSTs) like mSOL, converting them into sSOL, a yield-bearing token used to secure decentralized applications (dApps) and active verification services (AVSs) such as Sonic Layer 2 and HashKey Cloud. Solayer’s TVL has grown to $180M, reflecting strong adoption, with a market cap of $289.14M and sSOL priced at $222.19 (all-time high $271.97).
Team: Co-founded by Anatoly Yakovenko and Raj Gokal, creators of Solana, the team leverages deep expertise in cryptography and blockchain infrastructure.
Investors: Backed by Polychain Capital, Binance Labs (YZi Labs), and Yakovenko himself, Solayer raised $12M in seed funding in August 2023, signaling strong confidence.
Technology: InfiniSVM uses hardware acceleration (Infiniband RDMA) to achieve 1M+ TPS and near-zero latency, supporting high-throughput dApps. The Restaking Pool Manager, Delegation Manager, and Reward Accounting Unit streamline staking and rewards.
Risks and Potential: Solayer’s integration with Kamino and Orca boosts liquidity, but competition from Ethereum’s EigenLayer and regulatory scrutiny pose risks. Its unique Solana focus and $LAYER token (3% allocated for airdrop) drive community hype (60% bullish on X).
Conclusion: Solayer’s innovative restaking and strong backing position it as a key player in Solana’s DeFi ecosystem, but investors should monitor adoption and regulatory developments. Use BscScan and MetaSleuth post-TGE to track investor wallets.@Solayer #BuiltOnSolaye #builtonsolayer $LAYER