Solayer (LAYER) is a re-staking protocol built on the Solana blockchain. This protocol allows users to earn additional yields by re-staking assets that are already staked, such as SOL, mSOL, and JitoSOL. Solayer aims to enhance the efficiency of the Solana network by addressing congestion through innovative re-staking mechanisms.
On February 11, 2025, Solayer launched its native token, LAYER, on Binance, one of the largest cryptocurrency exchanges in the world. This launch was accompanied by an airdrop of 30 million LAYER tokens (3% of the total supply) to eligible Binance users.
On March 18, 2025, the price of LAYER was Rp13,091.77, with a market capitalization of approximately Rp2.74 trillion and a 24-hour trading volume of Rp1.59 trillion. In the last 24 hours, the price of LAYER fluctuated between Rp12,272.84 and Rp13,338.72. This token reached an all-time high price of Rp23,887.42 on February 12, 2025, and a low of Rp9,760.25 on February 18, 2025.
The launch of the Solayer mainnet successfully secured a Total Value Locked (TVL) of $160 million in a short time, indicating significant adoption within the Solana ecosystem.
With the innovations offered and rapid adoption, Solayer shows great potential in enhancing the efficiency of the Solana network and providing opportunities for users to earn additional yields through re-staking.
