@Solayer_Labs,use hashtag #BuitonSolayer and $LAYER
Layer token refers to a cryptocurrency associated with a specific blockchain layer, either Layer-1 or Layer-2.
Layer-1 tokens are native coins of the main blockchain, such as Bitcoin (BTC) for Bitcoin network or Ether (ETH) for Ethereum. They secure the network, pay transaction fees, and support smart contracts or decentralized applications directly on the base chain.
Layer-2 tokens belong to scaling solutions built on top of Layer-1, like Polygon’s MATIC on Ethereum. These solutions process transactions off-chain or in side networks, reducing congestion and fees while maintaining security by settling back to Layer-1.
Layer tokens often provide governance rights, staking rewards, and ecosystem utility, making them vital for network functionality, user incentives, and blockchain scalability advancements.