LAYER Price Today: What Is Solayer?
According to Gate market data, as of May 14, LAYER is currently trading at \$1.15, down 1.54% in 24 hours and 42.54% in the last 30 days. Since the end of February this year, the LAYER token has bottomed out around \$0.6 and has been on a rallying streak, with the LAYER price remaining firm even as the broader market crashes midway. However, on May 6, LAYER hit a high of $3.4 and started a downward spiral at 4 p.m. on the same day, falling by more than 30% in one hour and 49% on May 6, and has been on a downward trend ever since.
According to public market information, LAYER unlocked 27,020,000 tokens at 22:00 on May 11th, with a market value of about 60 million US dollars, accounting for 12.87% of the circulation. After the large unlock of LAYER, as of May 14th, the price of LAYER tokens has been hovering around $1.1 with no significant fluctuations.
What is Solayer project?
Solayer is Solana Innovative re-staking protocol on the blockchain, allowing users to obtain sSOL tokens by staking SOL or liquidity staking tokens (such as mSOL, JitoSOL), and further support DApps and AVS in the Solana ecosystem. Its core functions include:
- Re-staking pool management: Convert staked assets to sSOL to improve capital efficiency;
- Delegated management: Allocate sSOL to Sonic Layer 2 and other AVS to enhance network security;
- Reward mechanism: Calculate staking income through the offline module, support airdrops and loyalty programs.
Solayer adopts a single-pool liquidity design (sSOL/SOL) to reduce transaction friction, while integrating distributed storage, data encryption, and open APIs to build a decentralized cloud storage ecosystem. Its token LAYER is used for payment, governance, and incentives, with a total supply of 1 billion. The project draws on the EigenLayer model, aiming to optimize capital utilization and security in the Solana ecosystem.
Solayer Future Outlook
Despite the recent sharp fluctuations in the price of LAYER, the medium to long-term prospects of the Solayer project still have positive support. LAYER has been on a strong upward trend since the end of February, reflecting the market’s initial recognition of its re-collateralization model. The token unlock on May 11 triggered short-term selling pressure, leading to a price correction, but the price has stabilized after the unlock, indicating that the market is gradually digesting the impact of increased circulation.
From a technical and ecological perspective, Solayer’s re-staking mechanism opens up a capital efficiency channel for SOL and liquidity staking assets, providing more secure and flexible infrastructure support for AVS (Validation Services). With its sSOL single-pool mechanism, open API, and decentralized cloud storage design, Solayer is expected to become one of the most influential re-staking platforms on Solana.
In the future, as Sonic Layer 2 integrates with more DApps through the AVS module, the use cases of SOL will greatly expand, and the practical value and governance attributes of LAYER will gradually emerge. In the short term, the price may still be under pressure, but in the medium to long term, if Solayer can continue to expand its ecological cooperation and improve the transparency of the AVS reward mechanism, its core token LAYER is expected to achieve value regression and growth once again.
