Summary:
Solayer raises $12 million led by Polychain Capital to advance its restaking network.
Funding aims to improve scalability and transaction inclusion on Solana.
Investment from Hack VC, ABCDE, and Binance Labs to decentralize bandwidth allocation.
Focus on creating a censorship-resistant transaction process amid Solana's growth.
New features launched include a restaking vault and MEV-boost.
Solayer has successfully raised $12 million in a funding round led by Polychain Capital to bolster its integrated restaking network on the Solana blockchain. This initiative is set to tackle scalability and transaction inclusion challenges by introducing a novel approach to staking and network bandwidth optimization.
Solana Restaking Project Solayer Attracts $12 Million Investment
According to the team, this funding round also attracted investments from Hack VC, ABCDE, and Binance Labs, which will enhance Solayer’s mission to decentralize the network’s bandwidth allocation. The aim is to ensure a more resilient and censorship-resistant transaction process, especially crucial given Solana’s remarkable growth in user activity and transaction volume over the past year.
Solayer’s approach significantly differs from the modular paradigms seen in other blockchain networks. By enhancing both scalability and liveness, the project aspires to resolve issues related to network congestion and transaction fees, which have increased alongside Solana’s expanding user base.
The company has already rolled out several key features, including a restaking vault and MEV-boost, with more components planned for release in the upcoming months.
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