SoLayer (LAYER), a Solana-based layer-2 scaling solution, is bucking the current crypto market downturn. Its native token, LAYER, has jumped over 41% this week thanks to a series of new exchange listings.
SoLayer’s Impressive Growth
SoLayer boasts impressive specs, aiming for near-instant transaction speeds and the ability to handle a million transactions per second. The project’s goal is to make Solana-based decentralized apps (dApps) faster and cheaper, promising cost reductions of up to 50x.
LAYER is currently trading around $1.21, a significant increase from $0.857 just a week ago. This represents a remarkable 24-hour gain of over 18%, placing it among the top performers in the crypto market despite the overall slump. The token launched in February.
Exchange Listings Fuel the Surge
The recent surge is largely attributed to several major crypto exchanges adding LAYER to their platforms. Bitget and MEXC listed LAYER in February, followed by Kraken earlier this month, and most recently, HashKey Global this week.
Still Room to Grow?
While LAYER’s performance is impressive, it’s still trading below its all-time high of $1.41, set shortly after its launch. This represents a dip of around 14%, suggesting further potential for growth.
