Solayer (LAYER), a restaking protocol on the Solana blockchain, has gained significant traction since its listing on Binance in February 2025 as part of the exchange's HODLer Airdrops program, rewarding BNB holders with LAYER tokens. Designed to enhance Solana’s security and scalability, LAYER serves as a governance token for protocol upgrades, treasury management, and ecosystem grants, while also acting as a gas token with a deflationary mechanism where half of the fees are burned. The token's price, currently around $0.60-$0.65 USD with a 24-hour trading volume of approximately $9.9-$31.9 million, reflects high market activity but also volatility, having dropped significantly from its all-time high of $3.39. With a circulating supply of 283.62 million out of a total 1 billion tokens, LAYER’s market cap hovers around $126-$182 million, ranking it around #251-#422 on major trackers like CoinMarketCap and CoinGecko. Despite its innovative InfiniSVM architecture aiming for over 1 million TPS, the token’s recent price decline, partly due to airdrop recipients selling, underscores the speculative greed driving crypto trading on platforms like
