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Solayer

LAYER DeFi Polychain Capital Portfolio YZi Labs Portfolio
$0.0593
-2.90% (24h)

Market Stats

Price
$0.0593
-2.90% (24h)
Market Cap
$28.2M
Volume (24h)
$8.93M
Supply
475.49M LAYER
FDV
$59.32M

Shariah Analysis

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Last Screening: Q1 2024

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Community Sentiment

Community Discussion (1)

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m.shoaib khan
1 year ago

This token is considered halal by pratical islamic finance PIF and as we go through its white pape ,There is no sharia complaint things there

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About Solayer

Solayer is a cutting-edge Layer-2 blockchain built on top of Solana, designed to enhance the network's scalability and liquidity by unlocking new ways for users to engage with decentralized applications (DApps) and liquidity-represented tokens (LRTs). As the first hardware-accelerated blockchain, Solayer leverages programmable chips to offload blockchain components, achieving over 1 million transactions per second (TPS) and network bandwidth exceeding 100Gbps, enabling ultra-low latency applications. The InfiniSVM architecture introduces a breakthrough multi-execution model that infinitely scales the Solana Virtual Machine (SVM) using software-defined networking (SDN), remote direct memory access (RDMA), and high-performance computing (HPC) technologies such as InfiniBand. With seamless integration into the Solana ecosystem, Solayer ensures that all Solana DApps can function effortlessly without fragmentation, while chain abstraction eliminates the need for manual bridging, simplifying user onboarding. By horizontally scaling the Solana network with elastic throughput, Solayer is designed to accommodate the next billion users and the trillions of AI agents that will power future applications. The introduction of sSOL, powered by Solayer's validator infrastructure, allows users to allocate network throughput towards their preferred decentralized services, while sUSD, Solayer's yield-bearing stablecoin backed by real-world assets (RWAs) like T-bills, combines institutional reliability with DeFi innovation to maintain a stable 1:1 peg with the U.S. dollar while generating passive yield. At the heart of the ecosystem, the $LAYER token serves as the governance asset, enabling protocol upgrades, treasury management, and funding key ecosystem initiatives to drive long-term growth and scalability.

Consensus Mechanism

Proof of Stake