The term "Layer token" is often used to describe native tokens of various Layer 1 and Layer 2 blockchains. These tokens are fundamental to the operation of their respective networks. For example, "$LAYER " can refer to the token for Solayer, a Layer 2 solution for Solana, where it's used for transaction fees and governance. There's also the UniLayer (LAYER) token, which is part of a platform providing decentralized trading tools and social data. The specific utility of a "Layer token" depends entirely on the project it belongs to, but common functions include paying for transaction fees, staking to secure the network, and participating in on-chain governance. The value of these tokens is tied to the adoption and activity of their underlying blockchain.
