Solayer $LAYER is a prominent cryptocurrency token associated with the Solayer protocol, a restaking network built on the Solana blockchain designed to enhance yield opportunities for staked assets. As a liquid restaking solution, it allows users to restake Solana-native tokens and liquid staking tokens (LSTs) while maintaining liquidity, addressing key limitations in traditional staking. The native $LAYER token serves primarily as a governance asset, enabling holders to participate in protocol decisions such as upgrades, treasury management, and ecosystem grants. With a circulating supply of over 300 million tokens and a market cap around $57 million as of late 2025, Solayer has gained traction in the DeFi space on Solana, ranking in the top 400 cryptocurrencies by market capitalization on platforms like CoinMarketCap, reflecting growing adoption amid the broader restaking trend in crypto.
