LAYER Coin is the native token of the Solayer project, an advanced blockchain protocol aimed at delivering ultra-fast performance and high scalability by accelerating blockchain components using advanced hardware technologies.
⚙️ What is the Solayer project?
Solayer is the first hardware-accelerated blockchain, where it offloads blockchain components to programmable chips to achieve over a million transactions per second and network speeds exceeding 100 gigabits per second. Solayer uses the InfiniSVM architecture that allows for horizontal scaling of the execution model as needed, reducing latency and increasing bandwidth.
🪙 LAYER Coin
Symbol: LAYER
Uses:
Pay transaction fees within the Solayer network
Staking to participate in securing the network and earn rewards
Participation in governance and decision-making for network development
Total supply: 1,000,000,000 LAYER
Circulating supply at listing on Binance: 210,000,000 LAYER (21% of total supply)
📈 Market performance
LAYER Coin has been listed on Binance, providing investors with the opportunity to access this promising project. According to CoinMarketCap data, the coin's price was around $0.0628, with a market cap of approximately $53.98 million. The coin saw an increase of 32.59% within 24 hours.
✅ Why is Solayer an important project?
Ultra-fast performance: Solayer aims to achieve over a million transactions per second, making it suitable for applications that require low latency.
Advanced technologies: Uses techniques such as SDN, RDMA, and InfiniBand to accelerate transactions and reduce latency.
Strong developer support: Provides a flexible environment for building decentralized applications with scalability as needed.
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