Solaxy (SOLX), Solana’s first-ever layer-2 blockchain, is going viral after passing $10 million in presale.
With one analyst predicting it has 100x potential, this scaling solution could be the key to solving Solana’s congestion issues.
As a result, investors are racing to get in early before SOLX’s price climbs higher.
Layer-2 networks have totally changed blockchain scalability – particularly on Ethereum.
These networks operate on top of a base layer (or layer-1) to handle transactions off-chain before settling them back on the main network.
This approach reduces congestion, cuts costs, and still benefits from the security of the underlying blockchain.
Ethereum’s layer-2 ecosystem – with networks like Optimism and Arbitrum – has attracted billions in total value locked (TVL).
It’s also seen widespread adoption among developers and traders.
https://twitter.com/SOLAXYTOKEN/status/1879583651979042872
Solaxy aims to replicate this success on Solana, introducing the chain’s first layer-2 solution.
Using rollup technology, Solaxy processes transactions off-chain and “batches” them for settlement on Solana’s mainnet.
Its goal is to tackle network congestion and high failure rates during busy periods.
Solaxy could transform Solana’s ecosystem by acting as a bridge for new DApps, from AI to meme coins.
Traders and developers are excited by this prospect.
Solaxy’s Telegram community has grown to over 3,300 people, with many eagerly awaiting its launch.
The SOLX token powers Solaxy’s ecosystem.
It plays a role in enabling faster and cheaper transactions by covering fees on the Solaxy network.
Plus, SOLX holders can stake their tokens to earn passive income, with APY rates currently estimated at 330%.
Beyond staking, SOLX will be a key part of the development team’s planned bridge between Solana and Ethereum.
It’s also expected to grant governance rights for future protocol decisions.
The ongoing presale for SOLX has been an enormous success.
Earlier this week, it crossed the $10 million mark, with SOLX tokens currently available for $0.001602.
Analysts have noticed Solaxy’s explosive momentum, with YouTuber ClayBro predicting that once it lists on exchanges, SOLX could deliver 100x gains.
Although that prediction might seem outlandish, such a price increase wouldn’t be unheard of in crypto, especially given Solaxy’s potential.
And based on the current SOLX price and total supply, it would give the token a fully diluted market cap of over $22 billion.
That’s more than the likes of TRON and Avalanche.
Solaxy’s team prioritizes security and transparency.
They’ve had the project’s smart contracts audited by Coinsult, who found no issues, giving confidence to early investors.
Solaxy also has a clear tokenomics structure designed to balance growth and sustainability.
A 30% chunk of the supply is allocated for development, while 25% is set aside for rewarding early investors.
Marketing efforts receive 15%, and 10% is reserved for exchange liquidity – with the remaining 20% held in the project’s treasury.
What also makes Solaxy so exciting is its timing.
Launching just as many analysts anticipate a huge bull run this year, the project could benefit from all the investor interest.
Plus, with Solana’s growth expected to continue, the need for faster (and cheaper) trades will be more apparent.
Solaxy can help with this.
Everything seems to be falling into place for this Solana scaling solution.
And if ClayBro’s 100x price prediction proves accurate, SOLX might be one of the biggest winners in the next bull run.
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