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What is Solayer?

Solayer (LAYER) is a hardware-accelerated blockchain and restaking protocol built on Solana, designed to scale decentralized infrastructure and deliver additional yield to SOL stakers. The project was founded in 2024 by Rachel Chu, a former Sushi Labs engineer, alongside Jason Li, with the mission of solving Solana's bandwidth and throughput limitations through what the team calls an 'InfiniSVM' architecture — a sharded, hardware-accelerated extension of the Solana Virtual Machine that leverages SDN (software-defined networking) and RDMA for near-infinite horizontal scaling.

Solayer's restaking layer lets users repurpose staked SOL to secure external applications known as Application-Validated Services (AVSs), earning fees in return while strengthening the broader Solana security budget. The protocol attracted significant attention after raising a seed round backed by Polychain Capital, Binance Labs (now YZi Labs), Hack VC, Big Brain Holdings, and angels including Solana co-founder Anatoly Yakovenko.

Its flagship product, sSOL, is a liquid restaking token that accrues staking rewards while remaining usable across Solana DeFi, and sUSD, a yield-bearing stablecoin backed by U.S. Treasury bills issued in partnership with OpenEden, became one of the first real-world-asset-backed stablecoins native to Solana. The LAYER token launched via a Binance-coordinated airdrop and Launchpool listing in February 2025, distributing a portion of supply to sSOL holders and early depositors, and was simultaneously listed on major exchanges including Binance, Bybit, and Kraken.

Since launch, the Solayer ecosystem has grown to include Solayer Pay (launched in April 2025 as the Emerald Card), a Visa-compatible card that spends USDC with sUSD as its savings option, integrations with Kamino, Jupiter, Drift, and other leading Solana DeFi protocols, and a TVL that peaked at about $520 million in January 2025, during the Solana restaking narrative.

The project has not been without controversy: critics have pointed to the concentration of early token distribution among insiders, debates over whether restaking introduces systemic risk to Solana's consensus layer, and scrutiny over the rapid unlock schedule that has weighed on price action in the months following the token generation event. Solayer led Solana restaking by total value locked in early 2025, but Jito Restaking and Fragmetric had overtaken it by mid-2025.

Despite these headwinds, the team launched the mainnet alpha of its InfiniSVM chain in December 2025, positioning LAYER as both a governance asset for the restaking economy and a utility token for its high-performance execution layer. For traders, the current state of Solayer represents a maturing ecosystem with real revenue streams from sUSD and sSOL, ongoing product expansion into consumer-facing applications like the Solayer Pay card, and a roadmap centered on proving that a hardware-accelerated SVM chain can deliver millions of transactions per second.

Price discovery remains volatile due to token unlocks and broader Solana market conditions, and prospective buyers should monitor on-chain metrics including AVS adoption, sUSD supply growth, and governance participation alongside headline price figures when evaluating the asset.

Key Features of Solayer

• Native Solana Restaking: Solayer is the first protocol to bring EigenLayer-style restaking to Solana, allowing stakers to reuse their SOL to secure additional services. This creates a dual-yield model where validators and delegators earn both base staking rewards and restaking fees from AVSs.
• InfiniSVM Hardware Acceleration: The team is building InfiniSVM, a hardware-accelerated extension of the Solana Virtual Machine using RDMA networking and programmable switches. The design targets over one million TPS with sub-millisecond latency, enabling previously impossible on-chain applications like high-frequency trading.
• sUSD Yield Stablecoin: Solayer issues sUSD, a stablecoin backed one-to-one by short-dated U.S. Treasury bills through a partnership with OpenEden. Holders earn real-world treasury yield directly on-chain while the token remains composable across Solana DeFi protocols.
• Liquid Restaking Token sSOL: Depositing SOL into Solayer mints sSOL, a liquid restaking token that continues to accrue staking and restaking rewards while remaining tradeable and usable as collateral. This eliminates the traditional unbonding delay and capital inefficiency of locked staking.
• Solayer Pay Card: Solayer Pay, launched in April 2025 as the Emerald Card, is a Visa-compatible card that spends USDC at merchants and ATMs, with an opt-in sUSD savings balance that users can switch into and out of. This positions Solayer as one of the few restaking protocols with a direct retail payment rail.

Solayer Use Cases

• Restaking SOL for Extra Yield: SOL holders can deposit into Solayer to mint sSOL and earn additional yield on top of native staking by securing AVSs. This is particularly attractive for long-term SOL holders seeking to maximize returns without selling the underlying asset.
• Earning Treasury Yield On-Chain: Users can hold sUSD to earn yield derived from U.S. Treasury bills without leaving the Solana ecosystem or going through traditional brokerage accounts. This offers a low-volatility alternative for crypto users seeking real-world asset exposure.
• Securing Decentralized Services: Builders can launch AVSs — such as oracles, bridges, data availability layers, or rollups — and rent economic security from Solayer's restaked SOL pool. This dramatically lowers the bootstrap cost of launching new cryptoeconomically secured infrastructure on Solana.
• Collateral in Solana DeFi: sSOL and sUSD can be used as collateral across lending markets like Kamino and MarginFi, enabling users to borrow stablecoins or leverage positions while still earning underlying yield. This layered strategy is popular among advanced DeFi users pursuing looped yield farming.
• Real-World Spending with Crypto Yield: Through Solayer Pay, users can keep savings in yield-bearing sUSD and switch to USDC to spend at Visa merchants, without manual off-ramping. It bridges DeFi income and everyday payments.

Solayer Tokenomics

Total Supply

LAYER has a maximum supply of 1,000,000,000 tokens as defined at the February 2025 token generation event. Allocations span community airdrops, ecosystem incentives, core contributors, investors, and foundation reserves.

Circulating

Initial circulating supply at launch was approximately 220 million LAYER, with scheduled unlocks for investors and team allocations occurring over a multi-year vesting period.

Utility

LAYER is used for protocol governance, AVS fee settlement, and staking to participate in restaking security decisions. Token holders can vote on parameter changes, AVS onboarding, and treasury deployments within the Solayer DAO.

Emission

Unlocks follow a cliff-and-linear vesting structure with team and investor tokens released gradually after an initial lockup period that ended in 2026. Ecosystem and community allocations are distributed through ongoing incentive programs.

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