Solayer officially launched the Restaking Protocol on the Solana mainnet, marking a significant milestone in optimizing the network.
Solayer Restaking Protocol Launch
Solayer announced the launch of the Solana Restaking Protocol on the mainnet in a post on X. The platform introduced its new Active Validator System (AVS) standard, aimed at addressing Solana's network congestion issues through innovative restaking mechanisms.
Platform's Major Achievements
Launched on May 21st, the Solayer platform has quickly gained popularity, attracting over $160 million in Total Value Locked (TVL). The platform's primary goal is to solve Solana's network congestion by re-using staked SOL.
Wormhole's Plans
Wormhole presented its plans within the 'Era3' roadmap, aimed at institutional adoption through streamlined cross-chain solutions.
The implementation of the Solayer Restaking Protocol and the successful attraction of $160 million TVL highlight the importance and potential of this technology for the future of the Solana network.
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