Why is LAYER Going Up? A Look at Solayer's Network Activity

The price of Solayer’s native token, LAYER, has climbed by more than 130% over the past few weeks. 

As traders take notice of its price action, many are asking whether this surge is based on real fundamentals or just short-term momentum. To answer that, it is important to explore Solayer’s network activity, recent ecosystem updates, and what may lie ahead for the platform.

Solayer’s TVL and User Participation Show Real Growth

One of the clearest signs of actual network usage is Total Value Locked (TVL), which reflects the value of assets deposited in a DeFi protocol. 

According to DeFiLlama, Solayer currently has a TVL of $118.95 million. While this is lower than its previous peak of around $500 million, the number still places Solayer among the leading DeFi platforms on Solana.

What makes this more compelling is that over 250,000 wallets have interacted with the protocol. This suggests strong user participation and consistent activity, even after fluctuations in TVL. 

The platform is not just attracting whales or temporary yield farmers, but rather building a broad base of active users.

Solayer’s success is not limited to deposits. The project recently introduced the Emerald Card, a product that allows users to deposit stablecoins like USDC and spend them directly without converting to fiat. 

The card offers a 5% yield on deposits and can be used in several regions worldwide. This bridges digital assets with real-world use and adds practical value to the platform.

By offering a tool that combines earning potential with everyday utility, Solayer is creating more reasons for users to keep funds on the platform. This has contributed to both TVL growth and rising interest in LAYER as a token.

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Strategic Updates and Upcoming Events Drive Momentum

Beyond its user metrics, Solayer’s recent growth has also been supported by major strategic developments. In a funding round that raised $12 million, the project secured backing from respected firms including Binance Labs, Hack VC, Race Capital, and Maelstrom, which is managed by Arthur Hayes. These names carry weight and bring both capital and credibility.

This strong support has come alongside a clear product roadmap. One of the most anticipated updates is the public Devnet, scheduled for May 2025. 

This network upgrade is expected to push Solayer’s performance even further, targeting a throughput of over 1 million transactions per second. If this performance is achieved or even approached, it could mark a major leap in Solana-based infrastructure.

In addition to the Devnet, Solayer is also preparing to participate in the upcoming Solana Virtual Machine Summit, which will take place on May 21 in New York. 

These types of events are often used by protocols to showcase updates, announce partnerships, and attract new users and developers.

All of these developments contribute to growing confidence in the project. Traders and investors tend to follow narratives that are backed by real activity and funding. 

In Solayer’s case, the combination of new products, technical updates, and upcoming events is helping to build that momentum.

It is also worth noting that Solayer is positioning itself as more than a DeFi app. Its integration with real-world finance through the Emerald Card and its aim to deliver scalable infrastructure give it multiple points of differentiation within the Solana ecosystem.

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Is the Rally Sustainable or Due for a Short-Term Correction?

While LAYER’s rise from around $1.40 to over $3.10 has been impressive, rapid gains are often followed by corrections. That is a normal part of how markets function, and it does not always signal a breakdown. However, it is important to understand the possible risks ahead.

Solayer’s TVL, although currently at $118 million, has declined from a previous high of roughly $500 million. This could be seen as a natural reset or an indication of users taking profits. Either way, it shows that TVL alone is not enough to predict future price action, especially if sentiment or expectations shift.

Another factor to watch is the upcoming DevNet. While expectations are high, there is always the chance that the rollout may be delayed or the performance may fall short of targets. If that happens, traders might respond by reducing exposure, leading to short-term volatility.

Despite these risks, the platform has demonstrated several strengths. The number of depositors remains high, the staking model offers consistent returns without depending on inflated incentives, and the Emerald Card is already showing adoption potential.

Solayer has also kept its community informed through regular updates and continues to engage with the broader Solana ecosystem. This level of transparency and development activity reduces the chances of sharp market reactions, even if some pullback occurs.

If LAYER does experience a correction, it may create opportunities for longer-term holders to accumulate at better prices. Pullbacks after large rallies can serve as healthy resets, especially when backed by fundamental growth.

Conclusion

The recent rise of Solayer’s LAYER token appears to be backed by real network activity, steady user growth, and meaningful product development. With over $118 million in TVL and more than 250,000 wallets involved, Solayer is showing it has strong community engagement. 

The launch of the Emerald Card has added real-world utility, and upcoming milestones like the May Devnet and the SVM Summit are keeping market attention focused on what comes next.

While a short-term correction may occur, especially after a 130% rally, the project has laid a strong foundation. If Solayer continues to deliver on its roadmap, it could see further growth and broader adoption across Solana and beyond.

For those looking to explore LAYER or manage Solana-based assets securely, Bitrue offers a reliable and easy-to-use platform with access to tokens like LAYER and staking opportunities for long-term holders.

Frequently Asked Questions

1. Why is LAYER going up recently?
The LAYER token has gained over 130% due to growing user activity, increased TVL, a successful funding round, and product developments like the Emerald Card.

2. What is Solayer’s current Total Value Locked?
Solayer holds around $118 million in TVL, with more than 250,000 depositors using the platform’s staking and card products.

3. What should I watch for next in the Solayer ecosystem?
The public Devnet release in May 2025 and the project’s presence at the Solana Virtual Machine Summit may drive further interest in the coming weeks.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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