A Solana (SOL) layer-2 scaling resolution defied the broader crypto market droop and surged by greater than 41% this week following a flurry of latest change listings.
Solayer (LAYER) is a blockchain community designed for prime 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 challenge,
“Solayer is a protocol for builders who wish to improve their decentralize utility’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 also be up greater than 18% up to now 24 hours alone.
LAYER launched in February. That very same month, the Singapore-based crypto change Bitget and the Seychelles-based change MEXC each rolled out buying and selling providers for the asset.
Earlier this month, the San Francisco-based change Kraken listed LAYER, and this week the Hong Kong-based HashKey Global additionally made the token out there 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 line with information from CoinGecko.
Observe us on X, Facebook and Telegram
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Verify Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses you could incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in internet affiliate marketing.
Generated Picture: Midjourney
