Binance Labs announced its investment in Solayer, a Solana ecosystem restaking market that aims to support the development of on-chain Dapps by increasing network bandwidth while ensuring the security of Layer 1. Solayer uses the economic principles of staking to expand the security of Solana's base layer. Through this innovative method, users can participate in a decentralized validator network, thereby contributing to the security and decentralization of the Solana ecosystem. Users can strengthen the decentralization of the Solana network by staking assets, while earning native income through MEV-boost and earning an annualized rate of return (APY) from delegated assets. Currently, Solayer's total locked value (TVL) has exceeded US$150 million.
