After the Spring Festival, major projects have been issuing coins intensively. Airdrops are a tragedy, and the opening is the peak. Two facts can be clearly felt: the project scale is getting smaller and smaller; and it is getting more and more difficult to make money.
In comparison, Solayer’s structure is still OK, at least it has lived up to the earliest stakers. I deposited several accounts with 10 Sol at the moment when Binance officially announced its investment (because you need to deposit 10S to generate an invitation code). In the middle, I frequently withdrew and deposited due to the rush of Solayer, and finally earned hundreds of Sol per account. In addition, the SOL price rose, which was actually very comfortable.
In addition to early stakers, the following two groups also won:
①BNB holders
Solayer took out 3% of the total tokens and invested them in Binance HODLer. The big investors felt comfortable again, as they not only benefited from the increase in BNB, but also got some $LAYER for free.
Previously, many group members did not receive airdrops even though they held BNB. Here is a unified reply: Use BNB to subscribe for regular/current products on the coin-earning platform to automatically obtain HODLer airdrop qualifications, and additional Launchpool and Megadrop rewards.
② Public offering participants
Although Solayer's public offering on buidlpad has experienced many twists and turns, the result is good, at least it has allowed many real users to taste the sweetness: FDV is only 350 million, 100% unlocked at TGE, the highest opening price is 4 times, and now it is more than 2 times.
It is worth praising that Solayer empowers early users in its subscription rules, which shows that the official attaches importance to the community, which is much better than some projects that only say "Community First".
Of course, there were some Fud voices when Solayer opened the airdrop query, mainly focusing on the low yield of large-scale staking in the later stage. In fact, this is not difficult to understand. The project party needs to take care of early supporters. If everyone can imitate Sun Ge's sudden money-making style, then early users will inevitably attack it.
Finally, I want to talk about the price of the currency.
Solayer was listed on most of the top exchanges at the TGE, which has proven their ability. Although the price of the coin is not too amazing, it is not easy to do so in the current market conditions.
Personally, I feel that the market's valuation of Solayer is still based on the pledge logic. In fact, they have already crossed over into the SVM track, which is a very popular narrative this year, but it is far from exploding.
Referring to the 2025 roadmap, Solayer will launch the SVM blockchain InfiniSVM, which will improve the performance and scalability of the Solana network through hardware acceleration and infinitely scalable architecture. At the same time, it will launch native income assets such as sSOL and sUSD, and users can pledge, re-pledge and consume through on-chain applications.
Simply put, Solayer will compete with a bunch of star projects in the SVM track. Compared with other players, Solayer took the lead in TGE and won a good reputation. After the token issuance, it still has a TVL of 300 million US dollars, which has an advantage in the asset side, not to mention the support of top institutions such as Binance, Polychain, and Hack VC.
Because I am optimistic about the SVM track, I have hardly sold any of my $LAYER, and I am just waiting for their SVM chain to go online + gold mining on the chain, hoping that I can make it to the other side this time.
As I analyzed before, in the SVM track, the one who beats you may not be your peers, but may be a cross-border company. Solayer is a typical cross-border company. In the recent bad market environment, the overall performance of TGE is still good.
If the full score is 100, I will give them 70, and the remaining score depends on their future performance in the SVM track.
