Layer3 is LIVE on Solana

Oct 8, 2024

by Layer3 Team

Layer3 Solana is now live, marking a significant expansion of our Web3 consumer hub. Our vertically integrated platform brings the best UX and a distribution layer to Solana apps, powered by the L3 token available natively on Solana via Wormhole.

This is the first of many steps to power the next wave of blockchain interactions across multiple ecosystems.

Our Track Record

  • 300K monthly active users

  • Over 150 million transactions on EVM chains

  • Trusted by 500+ ecosystems including Uniswap, Base, and Linea

Why Expand to Solana?

Our move into the Solana ecosystem is a step to expand our distribution in one of the fastest-growing blockchain ecosystems. By applying our proven engagement model and collaborating with key Solana protocols, we're confident in our ability to replicate our success and accelerate growth.

As the crypto industry evolves, we believe our cross-chain (and chain-abstracted) approach will be a significant advantage. We're offering users a unified experience across multiple ecosystems, which we expect will drive increased adoption of both our platform and L3.

Plus, Solana's speed and low costs enable features we couldn't implement on EVM chains. This expansion allows us to:

  1. Offer a 24/7 consumer fun hub with best-in-class UX

  2. Provide a robust distribution layer for all Solana protocols

  3. Extend $L3 token utility to the Solana ecosystem

New Features

Layer3 on Solana is a new platform aimed at expanding the user base of Layer3 infrastructure and providing the option for multi chain users to onboard, explore, and use Solana with top UX.

  • Optional token migration via Wormhole & Portal

  • New leaderboards, rewards, user progression, and community structures

  • CUBE credentials, races, lootboxes, and real-time token incentives

  • $L3 token and staking on Solana coming shortly via Wormhole

Strategic Partnerships

We've partnered with top Solana projects across various sectors. Some of which include:

  • DEXes: Orca, Raydium, Jupiter, Drift, Meteora

  • LSTs: Jito, BNB, Solayer, Marinade, Sanctum

  • Wallets: Phantom, Solflare, Backpack, Magic Eden

  • Infrastructure: Birdeye, Ondo Finance, Arcium, Marginfi

Growth Potential

Our top 1000 users have used Layer3 on average for 325 days in a row. With Solana's integration, we expect this engagement to grow, driving increased transaction volume and ecosystem expansion.

By combining earning and trading on one platform, we've become a daily destination for users and the most effective place for protocols to reach active participants. This positions us as a crucial layer in the industry, vital for both user engagement and protocol growth.

Looking Ahead

As the crypto industry evolves, we believe our cross-chain (and chain-abstracted) approach will be a significant advantage. We're offering users a unified experience across multiple ecosystems, which we expect will drive increased adoption of both our platform and L3.

The initial reception to our announcement has been overwhelmingly positive. We're looking forward to future partnerships on Solana as the ecosystem expands, which we believe will kickstart a new phase of growth for Layer3, further establishing our position as a leading consumer platform in the industry.

Visit solana.layer3.xyz to experience our new Solana integration. This launch moves forward our multi-chain strategy, setting the stage for significant growth and increased market share.