$LAYER Based on the provided search results, "Layer token" seems to refer to a few different cryptocurrencies, primarily Unilayer (LAYER) and Solayer (LAYER), with some mention of a "Layer Network" as well.
* Unilayer (LAYER) is a utility token for a decentralized trading platform built on multiple blockchains. It focuses on features like automated swaps, liquidity management, and analytics. It has a circulating supply of around 34 million LAYER and a market cap of about $530,000 USD.
* Solayer (LAYER) is a governance token for a hardware-accelerated blockchain that aims to scale the Solana Virtual Machine (SVM). Its purpose is to be used for protocol upgrades and treasury management. Solayer has a market cap of approximately $130 million USD.
The context of the "Layer token" is crucial as there are multiple projects using the ticker symbol LAYER. Each has a different purpose and market capitalization.
