A Solana (SOL) layer-2 scaling answer defied the broader crypto market stoop and surged by greater than 41% this week following a flurry of latest trade listings.
Solayer (LAYER) is a blockchain community designed for top throughput and near-zero latency.
The community bills itself as “infinitely scalable” and is designed to deal with 1 million transactions per second (TPS).
Explains the mission,
“Solayer is a protocol for builders who wish to improve their decentralize software’s efficiency on Solana. It goals to extend the reliability of community entry whereas decreasing related prices by as much as 50x.”
Solayer’s new native token, LAYER, is buying and selling at $1.21 at time of writing, up from $0.857 one week in the past. The 216th-ranked crypto asset by market cap can be up greater than 18% prior to now 24 hours alone.
LAYER launched in February. That very same month, the Singapore-based crypto trade Bitget and the Seychelles-based trade MEXC each rolled out buying and selling providers for the asset.
Earlier this month, the San Francisco-based trade Kraken listed LAYER, and this week the Hong Kong-based HashKey Global additionally made the token accessible for merchants.
Regardless of LAYER’s good points this week, the asset stays greater than 14% down from its all-time excessive of $1.41, which it set shortly after launching final month, in keeping with knowledge from CoinGecko.
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