Solayer is carving out a unique niche in the Solana ecosystem by introducing a restaking protocol that allows users to stake their SOL—or its liquid derivatives such as mSOL and JitoSOL—across multiple services to earn additional rewards while also bolstering network security. This mirrors Ethereum’s EigenLayer but is optimized for Solana’s high-throughput environment.

Backing and Market Position

In July 2024, Binance Labs backed Solayer, recognizing its potential to enhance network security and performance across dApps on Solana.

Soon after its launch, Solayer rapidly became one of Solana’s top protocols by TVL—at one point ranking 13th—with over $150 million locked and thousands of depositors.

Advanced Architecture & Incentivization

Solayer isn't just about restaking—it introduces advanced architectural features like InfiniSVM, which leverages Infiniband RDMA and sophisticated concurrency controls, enabling speeds exceeding 1 million TPS. This makes Solayer one of the fastest blockchain architectures to date.

Moreover, it deploys swQoS (stake-weighted Quality of Service)—a system where staking more tokens grants higher network performance and block space priority, aligning incentives across users and dApps.

Token Model & Incentives

Solayer operates with a multi-token ecosystem:

SOL: Native Solana token used for staking and governance.

LAYER: Utility and governance token used for staking, protocol governance, and incentives.

sSOL: Liquid staking token representing locked SOL.

AVS Tokens: Issued by dApps offering SOL yield and MEV benefits.

sUSD: A USD-pegged stablecoin used for transactions and liquidity within Solayer.

The LAYER token has a capped supply of 1 billion tokens, with a circulating supply of roughly 220 million (~22%). Distribution includes:

51.23%: Community & ecosystem (R&D, incentives)

17.11%: Core contributors (team/advisors)

16.66%: Investors

15%: Foundation reserve

Ecosystem Products: sUSD and BNSOL

Solayer extends its financial ecosystem with two flagship products:

1. sUSD — A real-world-assets-backed synthetic stablecoin:

Launched in partnership with OpenEden, sUSD allows minting against tokenized U.S. Treasury bills.

It supports minting with as little as $5, is redeemable to USDC, and provides treasury-backed yield (~4.33%) via auto-rebasing.

2. BNSOL — Binance’s Liquid Staking Token for Solana:

Developed in collaboration with Binance, users stake SOL via Binance and receive BNSOL.

This token can be restaked through Solayer to earn staking rewards, AVS yields, and MEV incentives.

The network now sees 115,000+ unique wallets and $190 million TVL, distributed across AVS partners such as Bonk, AltLayer, SonicSVM, and Hashkey.

Binance Listings & Airdrop

Solayer's LAYER token debuted via the Binance HODLer Airdrop, as the eighth project in the series:

30 million LAYER tokens (3% of total supply) were allocated to eligible BNB holders who participated in Simple Earn between Feb 1–5, 2025.

LAYER started trading on Binance Spot on Feb 11, 2025, paired with BTC, USDT, USDC, BNB, FDUSD, and TRY, and carried a Seed tag to indicate elevated risk.

Several other exchanges—including Upbit, MEXC, Bithumb, Bitget, KuCoin, and BitMart—also listed LAYER, highlighting widespread exchange integration.

Community Sentiment & Impact

Minted through both analytic sources and community forums, Solayer is widely seen as a game-changer for Solana:

#BuiltonSolayer @Solayer $LAYER