Solayer is developing a Solana-tailored restaking network that integrates system-level restaking with decentralized applications to boost liveness and scalability. The protocol lets users stake SOL to secure network bandwidth for dapps, creating localized throughput “cloud” instances without appchain fragmentation. Solayer’s design builds on modular restaking concepts (noted in Ethereum’s EigenLayer) but is integrated for Solana, using a marketplace model to decentralize transaction-inclusion power across applications. The team says proceeds from the latest raise will fuel rollout of the full Solayer system, including endogenous AVS client, general asset restaking, and exogenous AVS. Since launching in May 2024, Solayer reports $190M in TVL, ~100k+ unique deposit addresses, and a mainnet with four endogenous AVSs (restaking vault, native staking/unstaking, MEV-boost, and sSOL unfreeze). The project targets Solana’s transaction inclusion and congestion challenges by leveraging stake-weighted QoS and horizontal scaling to improve censorship resistance and throughput.

Total raised

$12M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2024