Solaxy Presale Raises $28 Million, Reveals Dev Milestones Ahead of Launch

Crypto investors are continuing to support Solaxy ($SOLX), as its presale funding surpasses $28.6 million and its team announce new developer updates.

The latest project upgrades are focused on increasing transactions per second (TPS), data throughput, and rollup features. They’re part of Solaxy’s goal to turbocharge Solana’s scalability as the blockchain’s first official Layer 2.

Buyers can grab SOLX tokens for $0.00168 each before the current presale round wraps up.

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Solaxy Unveils Another Major Dev Breakthrough

Solaxy recently announced new updates that focus on increasing the speed and reliability of its Layer 2 infrastructure. The team is gradually upgrading its technology stack in a systematic way ahead of Solaxy’s public mainnet launch.

In an X thread, the Solaxy team noted that it had added a new sequencer implementation derived from the Sovereign SDK. The sequencer confirms transactions off-chain at high speeds to circumvent waiting times associated with congested networks, which can be frustrating for users.

While Solana itself already enjoys a reputation for high throughput, Solaxy’s off-chain validations enable it to settle transactions even before they hit Solana’s main network. This ultimately reduces congestion, leading to seamless experiences for Solaxy users and allowing dApps to scale more effectively over time.

In addition to the sequencer update, Solaxy has improved its roll-up performance and updated its bridge user interface (UI). The roll-up side now includes optimizations to caching and data handling, increasing transaction speeds while using less network bandwidth.

Closer integration with Hyperlane has further strengthened Solaxy’s cross-chain offerings, making them more attractive and durable throughout testnet activities.

This is Solaxy’s second batch of new dev updates in March alone, following a wave of upgrades aimed at wallet support and token launchpad integration.

How Does Solaxy Solve Solana’s Problems?

Anatoly Yakovenko, Solana’s co-founder, recently claimed that a strong Layer 1 blockchain does not need L2s to scale. Solana’s architecture blends execution, consensus, and data availability on a single chain, with speed and low fees integrated into the protocol.

However, this structure has its drawbacks. The network can become overloaded when Solana sees enormous transaction volumes, as demonstrated by the severe slowdowns that occurred during the rallies for the official TRUMP and MELANIA meme coins earlier this year. Solana can also be vulnerable to network congestion and occasional outages without any L2 to off-road part of the load.

That’s exactly where Solaxy comes into play.

As Solana’s first Layer 2 solution, Solaxy processes transactions on its L2 chain before settling them on Solana’s mainnet. This saves Solana block space for other purposes, enabling high-throughput dApps to achieve faster finality and fall back on a more dependable Solana ecosystem when demand increases.

A healthy off-chain processing layer like Solaxy could be crucial in ensuring the network’s long-term stability, especially if Solana wants to continue outperforming its rivals in terms of TPS and user experience.

Why SOLX Tokens Could Sell Out Sooner Than Expected 

In addition to eliminating network congestion, Solaxy will allow Solana to expand into more use cases across gaming and DeFi. Web3 games often require quick and cost-effective transactions to power in-game actions, and Solaxy’s off-chain processing could be the ideal fit for this.

Solaxy’s architecture could also provide stability for dApps, potentially bringing more developers and liquidity into Solana’s DeFi economy.

This point, combined with the project’s continued work on connecting Solana and Ethereum through Hyperlane, suggests an even broader cross-chain market. By bridging two of the world’s largest blockchain ecosystems, Solaxy could expand its user base and liquidity potential even further.

SOLX tokens have already caught the attention of crypto analysts. For example, the leading crypto YouTube channel 99Bitcoins recently stated that SOLX could 10x after its listing.

Analysts from the channel cited Solaxy’s strong technical foundations and increasing community support.

With every new milestone, investor confidence that Solaxy will improve Solana’s speed and reliability is increasing.

The window to buy SOLX at its current presale price will soon end, especially if the tokens continue to sell out at their current pace. To lock in a presale price of $0.00168, go to the official Solaxy website and connect your crypto wallet.

There, you can buy SOLX and start staking it to earn up to a 143% APY even before the token lists on exchanges.

Visit Solaxy Presale

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.