Hello everyone, it’s Dardion Team here, and we hope you got in on the Solayer sale on BuidlPad. With the listing on Binance and Upbit, the price reached up to $1.50 at its peak, and anyone could have cashed out a 5x from the sale. But what if we factor in the potential airdrop? Let’s dive into the project and explore its prospects!
What is Solayer?
Solayer is an innovative DeFi project built on the Solana blockchain aimed at increasing liquidity and scalability. It functions as a Layer 2 blockchain, providing a universal liquidity layer for decentralized applications (dApps) and liquidity tokens (LRT). Users can delegate their SOL tokens to Solayer and receive sSOL in return, which can then be used in various DeFi strategies, including staking and liquidity pool participation.
In February 2025, Solayer launched its own token, LAYER, with a maximum supply of 1 billion tokens. The distribution includes 51.23% for community and ecosystem development, 17.11% for key participants and advisors, 16.66% for investors, and 15% for product expansion via the Solayer Foundation. The LAYER token is used for protocol governance, updates, and ecosystem incentives.
Solayer also announced a partnership with Bitget to launch Solana (SOL) liquid staking services, allowing users to earn staking rewards with enhanced liquidity.
Recently, the LAYER token was listed on major exchanges like Binance, Bithumb, KuCoin, and MEXC, expanding its availability for traders and investors.
History of the Project and Team
Solayer was founded in August 2024 by Solana co-founders Anatoly Yakovenko and Raj Gokal. The project focuses on enhancing the Solana ecosystem by implementing a restaking protocol that enables decentralized applications (dApps) to improve the efficiency and security of their operations.
The Solayer team consists of experienced professionals in distributed systems, cryptography, and decentralized finance. The project’s lead engineer, Jason Lee, has previously worked on prominent blockchain projects.
In late August 2024, Solayer raised $12 million in a seed round led by Polychain Capital, with participation from investors such as Big Brain Holdings, Hack VC, and Nomad Capital. Binance Labs also invested in the project, providing strategic support for scaling the team and implementing new protocols.
Global Partnerships of Solayer
Solayer is actively developing strategic partnerships to strengthen its position in the Solana ecosystem. In August 2024, Binance Labs, the venture arm of Binance, invested in Solayer to enhance blockchain security and support the growth of decentralized applications (dApps) on the platform. This investment aims to expand the Solayer team and integrate new protocols into the ecosystem.
In November 2024, Sonic SVM, a Layer 2 gaming blockchain, announced a partnership with Solayer and Adrastea Finance to expand the restaking ecosystem on the Solana network. As part of this collaboration, Sonic placed over $50 million in staking on the Solayer platform, becoming the largest actively verified service. Along with Adrastea Finance, a rewards program for SOL delegators was launched to incentivize user participation in the ecosystem.
LAYER Token and Its Tokenomics
The LAYER token is the native asset of the Solayer ecosystem, playing a crucial role in governance, staking, and transaction fee payments. The total supply of the token is capped at 1 billion LAYER, with an initial circulation of 220 million tokens.
Token Distribution:
- 51.23% — Community and Ecosystem:
- 34.23% — Research and development, developer programs, and ecosystem growth.
- 14% — Community events and incentives, including 12% for early participants through the Genesis Drop.
- 3% — Distributed through Emerald Card community sales.
- 17.11% — Key Participants: project team and advisors.
- 16.66% — Investors: early investors in the project.
- 15% — Solayer Foundation: supporting product expansion and network development.
Functions of the LAYER Token:
- Governance: Token holders participate in decisions about protocol updates and ecosystem development.
- Staking: The token can be used to earn rewards for securing the network.
- Transaction Fees: It is used as gas for transactions within the Solayer network.
The vesting schedule ensures gradual token distribution to maintain market stability and long-term project growth. For example, tokens allocated to the team and investors are locked for one year before being distributed linearly over several years.
LAYER Token Listing on Major Exchanges: Process and Current Metrics
The LAYER token was officially launched on February 11, 2025, and immediately became available on several leading cryptocurrency exchanges. On this day, Binance announced the listing of LAYER, offering trading pairs with BTC, USDT, USDC, BNB, FDUSD, and TRY. Deposits became available one hour before trading began.
In addition to Binance, the South Korean exchange Bithumb also added LAYER, offering trading pairs with the Korean Won (KRW). Deposits opened on February 11 at 21:00 local time, and trading commenced once sufficient liquidity was ensured.
MEXC joined the LAYER listing, offering users participation in various events and airdrops related to the token’s launch. These initiatives are aimed at attracting traders’ attention and increasing liquidity on the platform.
Current Metrics for LAYER Token (as of February 11, 2025):
- Price: $0.7838
- 24-Hour Range: $0.8008 to $1.20
- 24-Hour Trading Volume: $401,189,969
- Market Capitalization: $174,224,432
- Circulating Supply: 220,000,000 LAYER
- Total Supply: 1,000,000,000 LAYER
Why Investors Believe in LAYER and Its Prospects
It’s clear that Solayer’s partnerships, such as with VISA and the potential for crypto payments directly via cards, give a significant advantage to this project. Let’s not forget about the upcoming blockchain launch, and we hope the project continues its development without falling into the trap of stagnation, as seen with Straknet. The project has easily surpassed a $1 billion FDV (Fully Diluted Valuation), and if the altcoin season kicks in before the team and investor tokens are unlocked, we could see the token reach $2 or even higher.
We’ll keep an eye on it, and it might be worth picking up some LAYER tokens during a deeper dip.
Conclusion
The Solayer project is genuinely promising, and we recommend that every investor consider it. Always remember the NFA (Not Financial Advice) and DYOR (Do Your Own Research) — never invest more than you’re willing to lose. Crypto is an exciting space, and even strong projects like Solayer can face pressure from larger players. Be prepared to buy the dip and sell part of your holdings when it hits a 2x or 3x.
Your Dardion Team!
