First Solana Layer-2 Project Solaxy Crosses $20M in Presale Funding – Next Crypto to Pump? – Crypto News – Crypto News
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First Solana Layer-2 Project Solaxy Crosses $20M in Presale Funding – Next Crypto to Pump? First Solana Layer-2 Project Solaxy Crosses $20M in Presale Funding – Next Crypto to Pump?

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First Solana Layer-2 Project Solaxy Crosses $20M in Presale Funding – Next Crypto to Pump? – Crypto News

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1 year ago

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Solana is one of the biggest blockchains in the world – but network congestion is still a huge issue.

That’s where Solaxy (SOLX) comes in.

This new Layer-2 solution for Solana has raised over $20 million in presale funding.

And some early backers think the native SOLX token could see a massive pump after exchange listings.

Scaling Solana – How Solaxy’s New L2 Solution Aims to Boost Speeds

Solana can theoretically handle up to 65,000 transactions per second, but when hype kicks in – like with a new meme coin launch – the network can still become clogged.

Solaxy’s team wants to solve this issue permanently.

They want to add an extra “lane” to Solana, which would reduce the computational load on the main chain.

So, instead of every transaction competing for space, Solaxy processes them off-chain, bundles them together, and then settles them back on Solana.

The result is faster speeds, lower fees, and a better user experience.

Solaxy’s native token, SOLX, powers this ecosystem.

It will be used for gas fees, staking rewards, governance, and more.

It’ll also be part of Solaxy’s multi-chain bridge that’s planning to connect the Ethereum and Solana ecosystems.

Not only will this give users access to Ethereum’s liquidity, but it will also enable them to benefit from Solana’s speeds.

The hype around this use case is growing by the day.

And now that Solaxy’s Twitter following has passed 68,000 people, it’s clear the project is gaining traction online.

SOLX Presale Heats Up & Passes $20M Ahead of Exchange Listings

The excitement surrounding Solaxy has been building since its presale kicked off in mid-December.

In just two months, the project has raised $20.4 million.

It’s averaging a massive $300,000 in daily investments – or about $2 million per week.

That kind of momentum demonstrates serious investor confidence in Solaxy’s vision for scaling Solana.

Right now, SOLX tokens are priced at $0.001634 each.

But that price won’t last much longer, as a scheduled price increase is set to occur in less than 48 hours, adding a sense of urgency for those still on the fence.

YouTuber NASS CRYPTO recently called it one of the “top crypto presales” to invest in right now.

He even thinks SOLX could “skyrocket” once it hits exchanges.

Solaxy’s team plans to list SOLX on a DEX first, with potential for CEX listings after that if all goes well.

Solaxy’s Winning Formula – Meme Coin Appeal & Real-World Utility

Solaxy has also been building credibility behind the scenes.

The project recently passed a security audit from Coinsult, boosting investor confidence.

SOLX has even landed a spot on CoinSniper.net’s trending projects list.

What also makes Solaxy so intriguing is how it mixes two huge crypto narratives.

On one hand, it has the viral appeal that is behind most of the meme coin mania we’ve seen in recent months.

But unlike pure hype plays, Solaxy offers real utility, tackling a genuine issue in the crypto space.

This mix of viral appeal and actual problem-solving could help it stand out in today’s market.

And its timing couldn’t be better.

Speculation is ramping up around potential spot Solana ETF approvals this year, which could spike demand for SOL.

If that happens, the need for scaling solutions (like Solaxy) may also rise – putting SOLX in a prime position to benefit.

Overall, things are looking up for this new Layer-2 project, making the SOLX presale an event to watch closely.

Visit Solaxy Presale

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