๐ Solayer has just secured $12.00M in its latest funding round! ๐
๐นAbout: Solayer is an advanced restaking protocol built natively on the Solana blockchain. It aims to enhance the security and efficiency of decentralized applications (dApps) by leveraging Solanaโs economic security and premium execution capabilities. Solayer introduces a shared validator network that allows various protocols to tap into a common economic security infrastructure, thereby improving network bandwidth and transaction throughput. This restaking network empowers dApps with a greater likelihood of securing block space and prioritizing transaction inclusion. Solayer recently raised $12 million in a seed funding round led by Polychain Capital, highlighting strong investor confidence. The platformโs mainnet launch has already seen significant traction, with invite-only deposits hitting a $20 million cap in just 45 minutes. By focusing on endogenous AVS (Application Validator Sets), Solayer aims to provide a robust and scalable solution for the Solana ecosystem. This innovative approach not only enhances the base layer security but also supports the growth and sustainability of on-chain applications. With backing from major investors like Binance Labs, Solayer is poised to make a significant impact in the blockchain space. ๐๐
๐น Lead Investors: Polychain Capital, Hack VC, Binance Labs, big Brain Holdings, Sandeep Nailwal and many more.
๐น Total Raised: $12.00M.
๐น Project Category: DeFi, LSDfi, Restaking on Solana.
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