Solayer is a native re-staking protocol in the Solana ecosystem, optimizing the block space allocation and transaction priority of Solana DApps through its innovative endogenous AVS mechanism. Its core functions include:
1. Re-staking Pool Management: Converts user-staked SOL or LST (like sSOL) into reusable sSOL tokens to support the verification needs of Solana DApps.
2. Hardware Acceleration Technology: Utilizing RDMA (Remote Direct Memory Access) and InfiniBand technology to achieve sub-microsecond latency, with testnet TPS reaching 200,000, aiming to surpass 1 million.
3. Cross-chain Compatibility: Supports liquidity interoperability between Solana and Ethereum ecosystems, with future plans to achieve Layer 1 level expansion via InfiniSVM.
2. Token Economic Model
1. Functions of the LAYER token
- Governance voting: determines protocol upgrades and ecological development direction
- Staking rewards: annualized returns of 8-12%, partially from protocol fees
- Gas fee payment: future InfiniSVM mainnet will use LAYER as the base fuel
2. Distribution and Circulation
- Total supply of 1 billion tokens, initial circulation of 22% (220 million tokens)
- 51.23% allocated to community and ecological incentives, 17.11% belonging to the core team, 16.66% held by institutions
- Current circulating supply of approximately 470 million tokens, market capitalization of $89 million (May 2025 data)
3. Market Performance and Institutional Support
1. Price Dynamics
- Historical highest price of $2.0541 (April 2025), recently stable in the range of $0.19-1.55
- 24-hour trading volume peaked at 298.7M USDT, with liquidity concentrated on exchanges like Binance
2. Capital Backing
- Cumulative financing of $22.5 million, led by Polychain and Binance Labs, with a valuation of $430 million
- Integrated with leading DeFi protocols like Save (formerly Solend), with TVL surpassing $196 million
4. Competitive Advantages and Risks
1. Differentiated Advantages
- Focus on optimizing Solana native DApps, forming ecological complements with EigenLayer
- Hardware-level acceleration technology significantly enhances performance, with measured TPS far exceeding similar projects
2. Potential Risks
- High dependency on the stability of the Solana network; congestion in the mainnet may affect protocol earnings
- Token inflation pressure (annual issuance of about 4%) and risk of institutional unlock sell-off
5. Future Outlook
1. 2025 Roadmap
- InfiniSVM testnet launched, aiming to achieve million-level TPS
- Launch of sUSD stablecoin backed by US Treasury bonds, enhancing RWA application scenarios
2. Long-term Value
- If the Solana ecosystem continues to expand, LAYER may become a core asset in the re-staking sector
- Analysts predict a price range of $0.88-1.41 in 2026, potentially reaching $4.4 by 2030
Summary: Solayer, with technological innovation and capital support, has become a key infrastructure project in the Solana ecosystem, but it is necessary to be wary of the risks associated with technology implementation and market fluctuations. Investors can pay attention to its staking returns and ecological progress, and position themselves accordingly.