Belief Grows in Solana's Rise: Tens of Thousands of Coins Re-Locked!

The leading platform of the Solana ecosystem has rolled up its sleeves for millions of dollars worth of SOL.

According to data provided by on-chain analytics platform Lookonchain, Solayer Labs took action on August 15th to transfer Solana worth millions of dollars.

One of the important projects of the Solana ecosystem, Solayer Labs, achieved great success just 9 hours after implementing the re-staking protocol.

With the launch of Solayer Labs' mainnet, a total of 1,439 different stakers performed re-staking transactions to earn additional rewards. In this process, a total of 14.57 thousand SOL (approximately $2.13 million) was transferred to the SonicSVM platform.

Re-staking allows users to earn additional income by re-staking their existing staked assets. This innovative protocol from Solayer Labs has attracted great interest from the Solana community, and the re-staking of a large amount of SOL in a short time has shown the success of the project.

According to the data, Solana, which has fallen by 2% in the last 24 hours, is trading at $142 at the time of writing.

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