Layer (LAYER) is a project belonging to the modular blockchain trend, focusing on optimizing security and performance through restaking. Instead of building everything in a monolithic chain, Layer leverages the solayer restaking mechanism to allow applications and sub-networks to inherit security from the base layer, while still maintaining their own flexibility.
The strength of Layer lies in its ability to provide on-demand security for new protocols, especially in niches such as DeFi, gaming, and cross-chain communication. This allows projects to deploy quickly without worrying about enormous security costs.
The LAYER token plays a central role: it is used for staking, providing security, receiving rewards from the ecosystem, and participating in governance. This mechanism encourages the community to become part of a decentralized security system, similar to the EigenLayer model but with its own distinct direction.
In the era of modular blockchain, Layer and the LAYER token are emerging as an important piece to sustainably expand Web3.