#BuiltonSolayer "Builton Solayer" is a hashtag and phrase used to promote projects and applications built on the Solayer network. It signifies that these projects leverage the technology and ecosystem of Solayer.
@Solayer itself is a blockchain project and a Layer-2 solution built on top of the Solana blockchain. Its main goals are to improve the scalability and liquidity of the Solana network. Here are some key aspects of Solayer:
* Restaking Protocol: Solayer allows users to "restake" their staked assets (like SOL and other liquid staking tokens from the Solana ecosystem) to secure other applications and services (called Actively Validated Services or AVSs) on the network. This provides users with additional rewards and helps to strengthen the security of the ecosystem.
* Hardware Acceleration: A core feature of Solayer is its use of hardware acceleration to achieve high performance. Its "InfiniSVM" architecture leverages technologies like InfiniBand and RDMA to offload blockchain components onto programmable chips, enabling extremely high transaction throughput (claimed to be over 1 million transactions per second) and low latency.
* Layer-2 Solution: Solayer acts as a "sidekick" or Layer-2 for Solana, working alongside the main blockchain to handle transactions and processes more efficiently, which in turn reduces congestion and increases the overall capacity of the Solana network.
* Native Token ($LAYER): The Solayer ecosystem has its own native token, $LAYER, which is used for governance, staking, and incentivizing network participants.
* Ecosystem: The "Builton Solayer" phrase highlights the growing ecosystem of dApps and projects that are being developed on the Solayer network, leveraging its unique features for enhanced performance and security.