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Binance announces the launch of Solayer (LAYER)

by Catatonic Times
February 14, 2025
in NFT
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Solayer is a restaking protocol developed straight on the Solana blockchain. It goals to leverage Solana’s financial safety and high-performance execution capabilities to offer a decentralized cloud infrastructure. This infrastructure permits the next diploma of consensus and blockspace customization for software builders.

The challenge makes use of the idea of restaking, which is basically a cheap method to safe future distributed programs by importing safety from Solana. This includes staking property to safe not simply the Solana blockchain but additionally different functions or programs constructed on or round it.

Solayer Present Value

$LAYER was listed on Binance on 2025-02-11 at 14:00 (UTC) with a token worth at TGE reaching roughly $1.3, which implies a Full Diluted Valuation (FDV) of about $1.3 billion, a reasonably cheap determine. At the moment, $LAYER is buying and selling at a value of $0.8221 (FDV reaching $837.93 million).

Supply: TradingView

Solayer (LAYER) Token Directional Prediction

With a complete provide of 1 billion tokens, the challenge has allotted 12% of the full provide for Airdrop actions. If distributed evenly, this might imply every pockets may obtain round 480 $LAYER tokens. The challenge, after a robust enhance proper after TGE to achieve ATH $1.42, rapidly fell underneath stress to dump Airdrop.

Mainly, that is nonetheless working as different initiatives prior to now. Particularly, the challenge will enhance sharply proper after TGE (perhaps inside a couple of hours after TGE) in order that insiders or VCs can dump tokens at the very best value, then the token progressively downsizes and appears for decrease dips. That is just like the $GRASS or $SOLV token.



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Tags: AnnouncesBinanceLaunchLayerSolayer
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