#solyaer

Here’s the current live data for Solayer (LAYER):

Overview of Solayer (LAYER)

Current Price: Approximately $0.509 per LAYER. Sources report:

CoinMarketCap: ~$0.5095 

CoinGecko: ~$0.5101 

Kraken: ~$0.51 

Coinbase: ~$0.51 

CoinCodex: ~$0.5167 

Market Cap & Circulating Supply:

CoinMarketCap: Market cap around $144.5M with ~283.6 million LAYER in circulation 

Kraken: Market cap around $107M, circling supply ~210M LAYER 

CoinCodex: Market cap approx $146.5M, with circulating supply ~283.62M LAYER out of 1B total supply 

Fully Diluted Valuation (FDV): Estimated around $509M 

24-Hour Trading Volume:

CoinGecko: ~$18.6M 

CoinMarketCap: ~$19.6M 

Coinbase: ~$19.54M 

Key Developments & Technology

What is Solayer?

It’s a Solana-based restaking protocol offering shared security for dApps and L1 networks. By staking SOL (via liquid staking tokens), participants earn yield and receive protocol-native tokens like sSOL, and can use other innovations like sUSD, a yield-bearing stablecoin pegged to $1. 

Underlying Technology:

The platform’s InfiniSVM architecture leverages hardware acceleration, utilizing Infiniband RDMA for ultra-fast inter-node communication. It targets extremely high throughput—up to 1 million TPS—and robust composability. 

Funding & Launch:

Launched in Q1 2024, Solayer raised approximately $22.5M from early funding (between May 2024 and January 2025) and counts Binance Labs among its investors . The LAYER Genesis Drop token vesting completed around epoch 860, with over 12% of the token supply already distributed .

Summary Snapshot

AttributeDetailsSymbolLAYERPrice (approx.)~$0.51 USDMarket Cap$100M–$150M rangeCirculating Supply~210–284 million LAYERTotal Supply1 billion LAYERFully Diluted Valuation~$509M24-Hour Volume~$18M–$20MKey FeaturesRestaking, hardware acceleration, InfiniSVM, sSOL, sUSDLaunch & BackingLaunched Q1 2024; $22.5M raised; Binance Labs backingToken VestingGenesis vesting completed; 12% supply distributed