Binance announces the launch of Solayer (LAYER)

Solayer is a restaking protocol developed directly on the Solana blockchain. It aims to leverage Solana’s economic security and high-performance execution capabilities to provide a decentralized cloud infrastructure. This infrastructure enables a higher degree of consensus and blockspace customization for application developers.

The project uses the concept of restaking, which is essentially an economical way to secure future distributed systems by importing security from Solana. This involves staking assets to secure not just the Solana blockchain but also other applications or systems built on or around it.

Solayer Current Price

$LAYER was listed on Binance on 2025-02-11 at 14:00 (UTC) with a token value at TGE reaching approximately $1.3, which means a Full Diluted Valuation (FDV) of about $1.3 billion, a fairly reasonable figure. Currently, $LAYER is trading at a price of $0.8221 (FDV reaching $837.93 million).

Source: TradingView

Solayer (LAYER) Token Directional Prediction

With a total supply of 1 billion tokens, the project has allocated 12% of the total supply for Airdrop activities. If distributed evenly, this would mean each wallet could receive around 480 $LAYER tokens. The project, after a strong increase right after TGE to reach ATH $1.42, quickly fell under pressure to dump Airdrop.

Basically, this is still working as other projects in the past. Specifically, the project will increase sharply right after TGE (maybe within a few hours after TGE) so that insiders or VCs can dump tokens at the best possible price, then the token gradually downsizes and looks for lower dips. This is similar to the $GRASS or $SOLV token.