SVM-powered Solayer launches $35 million ecosystem fund on the heels of alpha mainnet launch
Solayer, an SVM-powered Layer 1, announced a $35 million ecosystem fund following its alpha mainnet launch.Summary
Solayer, an alternative Layer 1 blockchain utilizing the Solana Virtual Machine (SVM), is launching a $35 million ecosystem fund aimed at supporting the development of high-throughput, real-time onchain applications with strong fundamentals.
This initiative follows the alpha launch of the Solayer mainnet in December. The network is powered by a custom "infiniSVM" engine, which reportedly achieves over 330,000 transactions per second with approximately 400 milliseconds of finality, designed to horizontally scale Solana's infrastructure for specialized decentralized applications.
Solayer operates independently of the main Solana network but allows asset bridging and uses SOL for gas fees, positioning itself as a specialized performance layer. The project previously raised a $12 million seed round led by Polychain Capital and introduced its LAYER governance token to foster growth.
(Source：The Block)