Despite an initial decline after launch, Solayer ( ) Crypto saw another month of strong price action and pumped over 100%, making it one of the strongest performers. Solayer firm recently made a lot of updates to its ecosystem, one of them introducing the Emerald Card, which seamlessly integrates digital asset spending with real-world transactions. Let’s take a closer look at its updates and see if it can continue to outperform the market.
$LAYER keeps on hitting new highs 🚀
It's one of the biggest restaking protocols on Solana.
If the market momentum remains positive, LAYER could hit $3 in Q2. pic.twitter.com/scnqQJ7lHB
— AMCrypto (@AMCryptoAlex) April 24, 2025
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What is Solayer Crypto, and is it a good time to short?
Listed on Binance and OKX at launch, Solayer is a DeFi platform that offers staking and yield-earning solutions and aims to bridge the gap between traditional finance and digital assets. Recently, they introduced the Emerald Card, which allowed their users to access their crypto funds easily.
Although it’s not the first card, it has to compete with others like Solacard, Binance, and OKX cards to stand out by offering an annual yield of 5% and global access for countries. Users can deposit USDC and spend it directly without converting to fiat. After the introduction, $Layer has experienced a massive 100% pump, sending it from $1.40 to $3.10.
This pump was also driven by the huge interest shown from massive entities like Polygon, which led to a raise round that closed at $12M with participation from Binance Labs, Big Brain Holdings, Hack VC, Nomad Capital, Race Capital, ABCDE, and Arthur Hayes’s family office, Maelstrom.
Additionally, according to DeFiLlama, Solayer is holding a total value locked of $108M, with over 250K unique depositors, making it one of the biggest staking protocols on Solana.
All these positives aside, many traders are looking at the chart and thinking about shorting it here, which is a normal reaction after these continuous massive pumps of the last two months. But it’s important to note that Solayer is gearing up for significant developments in May 2025. They are planning the upcoming launch of their public Devnet, which might be a major catalyst, aiming to achieve over 1 million TPS.
The SVM Summit 2025, scheduled for May 21 in New York, will also feature Solayer participation. To summarize, upcoming catalysts and market sentiment show a bullish state, and there’s growing excitement towards $Layer.
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($SOLX) Solaxy: the First-ever L2 for Solana raised 32M
With the popularity of staking platforms like Solayer crypto, the increased amount of transactions, and the bull market approaching, there is an increasing need for L2 networks due to the huge congestion on the blockchains that can happen, especially with Solana. As we know, Solana has kept facing congestion from time to time over the last few months.
As the first-ever Solana Layer-2 blockchain, Solaxy directly addresses Solana’s pain points, congestion, failed transactions, and scalability limitations.
Solaxy aims to offload the burden on Solana and unlock the chain’s full potential for users, developers, and investors alike. Given the renewed interest in the meme coin and the Solana ecosystem, it comes at the perfect time.
Solaxy is off to a hot start as a potential low-cap gem, as it can multiply over the years while offering its holders passive income. The presale raised $32.3 million out of $33.2 million. In the current presale round, $SOLX is priced at just $0.00171, and staking offers up to 124% APY. Holders who lock earn high passive income while the coin price can multiply over time.
Also, presales that raise funds quickly and attract many investors often see gains of 5x-10x after launch and tend to earn listings on centralized exchanges. And usually, smart whales accumulate these kinds of projects silently. Get your position in the presale now by visiting the website.
For the latest updates on the project, connect with the SOLX community on X and Telegram.
Click here to learn more about the project and participate in the presale.
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Key Takeaways
- Solayer made significant updates to its ecosystem.
- Layer market sentiment is bullish, and there is excitement toward coming catalysts.
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