As of May 7, 2025, Layer Network (LAYER) is trading at approximately $0.0000051065 USD, with a market capitalization of around $5,106. The 24-hour trading volume remains negligible, and there has been no significant price movement reported in the past 24 hours.
Layer Network is a Layer 2 blockchain protocol built on the Binance Smart Chain (BSC), aiming to enhance scalability and reduce transaction costs for decentralized applications (dApps). The project focuses on sectors such as decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). Key features include community governance, an emergency reserve fund, and initiatives like "Metaland," a virtual real estate platform.
Despite its potential, Layer Network currently faces challenges, including low liquidity, minimal trading activity, and a circulating supply reported as zero, indicating that the token may still be in its early distribution phase or facing delays in broader market adoption.
Investors interested in Layer Network should conduct thorough research and monitor the project's developments closely, as its future success will depend on achieving broader adoption and delivering on its technological promises.