$LAYER
Solayer (LAYER), a Solana-based restaking protocol, traded at $0.6438, up 3.5% in 24 hours, with a $135.06M market cap and $13.95M trading volume, per CoinGecko. A recent token unlock of 27.02M LAYER (12.87% of circulating supply) on August 11 stirred market dynamics. Posts on X highlight Solayer’s InfiniSVM, targeting 1M+ TPS with hardware-accelerated blockchain, boosting Solana’s scalability. Community sentiment remains bullish, with users noting Solayer’s $350M+ liquidity and support for 50+ apps. Despite a 16% price drop earlier this week, analysts predict a rebound, with CoinCheckup forecasting $3.57 by year-end. Solayer’s USDC-powered hotel booking platform, launched recently, expands its Web3 portfolio. Trading volume surged 3.1%, reflecting growing interest, though bearish MACD signals caution. Solayer’s innovative approach to restaking and high-throughput infrastructure continues to position it as a key Solana ecosystem player.
