The crypto market is experiencing a heavy dip right now, but one new project is defying the downturn to hit new milestones in its ongoing presale phase.
Solaxy, a project aiming to create a first-ever L2 scaling solution for Solana, has now raised over $23 million in its presale. This shows that investor interest and confidence in the project remain strong. That’s not surprising, given that Solaxy caters to two investor groups: meme coin investors and investors looking for a project with strong utility.
Solaxy is designed to overcome Solana’s most pressing issues: network congestion and transaction failures, which have become all too common for everyday users. With the proposed advancements to Solana via a Layer-2 blockchain solution, Solaxy is positioned to take Solana to a different level.
Solana is one of the fastest blockchains, processing an average of over 4,500 transactions per second (TPS). This is also why many crypto projects and meme coins decide to launch on Solana, with thousands of new meme coins launched daily.
US President Donald Trump launched his OFFICIAL TRUMP ($TRUMP) meme coin on Solana, followed just days later by Melania Trump ($MELANIA) meme coin launch.
These high-profile token launches caused high network congestion, and typical Solana users experienced multiple failed transactions. Simple token swaps, depositing or withdrawing funds from DeFi platforms, and interacting with Web3 games on Solana became tedious.
Solaxy is making history by becoming a Layer-2 solution built for Solana. Combining Solana’s robust performance with advanced rollup architecture, Solaxy is designed to improve transaction speed, scalability, and reliability.
Network congestion, which previously caused slowdowns and service interruptions, will be minimized. The platform guarantees reliable transaction processing even during peak times, eliminating the frustration of failed transactions.
The Solaxy team is building hard in the trenches. Their recent dev update shared everything that’s been done so far.
https://twitter.com/SOLAXYTOKEN/status/1893701813725192632
A significant highlight is the successful Hyperlane integration, which enables seamless asset transfers between Solana and Solaxy’s Layer-2 rollup on Solana devnet and local instances. Live deposit and withdrawal functionalities have enhanced liquidity management, ensuring smooth fund movements within the network.
The next steps include fully optimizing the devnet for program deployment and ensuring a user-friendly development environment. For the latest news, follow Solaxy on X and join their Telegram group.
The $SOLX presale allows early investors to buy tokens at a discounted price of $0.001646 apiece, with a price increase happening in less than 24 hours. Additionally, presale participants can stake their tokens for a dynamic APY of 173%, earning more $SOLX tokens while waiting for the presale to end. This model offers early backers the best deal.
Moreover, the $SOLX token is a crucial link between two leading blockchain ecosystems. By combining Ethereum’s liquidity with Solana’s speed and efficiency, $SOLX unlocks new opportunities for multichain DeFi applications. This connection allows users to benefit from the strengths of both networks, creating a versatile and potentially lucrative trading experience.
Because of Solaxy’s strong utility, Borch Crypto, a popular crypto YouTuber, believes Solaxy can 50x after launch.
Following the presale, $SOLX will be available on leading centralized and decentralized exchanges. Early participants can claim their tokens immediately after launch. For those who have staked their tokens, they will become available seven days post-launch.
With over $23 million already raised, the $SOLX presale is a massive success. The token price is set to rise in less than 24 hours, making this a limited-time opportunity to invest at the current rate.
With its multi-chain integration and ability to solve Solana’s pressing issues, Solaxy is shaping up to be a standout player in the blockchain space.
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
Toncoin is making waves once again as it continues to sail higher on its price…
Is crypto in trouble? That’s the question everyone’s asking after Bitcoin plunged to $114,000 just…
BitMEX co-founder Arthur Hayes warns of rising macroeconomic pressure as the U.S. tariff bill comes…
Visa and Mastercard recently stated that stablecoins are nowhere near threatening their payments dominance. In…
On August 1, spot Bitcoin ETFs experienced massive investor withdrawals, with total net outflows hitting…
Cardano’s new project, Midnight, is giving away free tokens through its big Glacier airdrop, and…
