Everyone is talking about LAYER, and honestly, I’ve started to understand what’s going on here. Solayer is essentially an attempt to boost Solana through hardware acceleration and a specialized architecture. They promise over a million transactions per second with low latency.

Everything started to blow up on social media after the announcement of an airdrop on one of the major exchanges. The project became the eighth in the passive income program for BNB holders. Plus, they announced LAYER listings on several platforms, including Gate.io and other exchanges. Usually, such events would push the price up, but now the situation is different.

When I looked at the charts, LAYER was trading around $1.33, with a high of $1.47. But here’s the kicker — the price has now dropped to $0.08, even though the ATH was recorded at $3.42. It seems many people made profits from the hype and withdrew their positions. Some investors talk about selling pressure from those dumping the coins received from the airdrop.

Technically, the project has interesting features: a multi-execution model for parallel processing, SVM compatibility (applications of Solana work without modifications), staking with about 10% yield. They also claim to support trillions of AI agents in the future.

There were forecasts of a rise to $10, but with such a price drop, the question is when that will happen. Some believe the local bottom has already been reached and a new cycle will begin. Honestly, LAYER currently looks like a classic example of boom and bust after hype events.