Solaxy Presale Raises $50 Million: Under 48 Hours to Buy Viral Solana Token Before Launch

Solaxy ($SOLX), the first-ever Layer-2 scaling solution for the Solana blockchain, is closing its $SOLX token presale in less than 48 hours after raising more than $50 million.

The presale is one of the largest of the year so far, drawing investment from an incredibly wide range of crypto investors, traders, and analysts.

With the presale ending, Solaxy plans to turn its attention to launching its $SOLX token on exchanges early next week. The project team has said that $SOLX will list on ‘major exchanges,’ but hasn’t yet revealed which ones will trade the coin first.

In addition, Solaxy plans to unveil its new Solana Layer-2 at the same time that $SOLX begins trading. This is a major development that creates immediate utility for the $SOLX token and is expected to have a significant impact on the Solana ecosystem.

While the presale remains open, investors can buy $SOLX tokens at a fixed price of $0.001754. Early investors also have the option to stake their coins to earn 86% APY and help secure the new Solaxy network.

Investors can join the presale with $SOL, $ETH, $USDT, or a credit or debit card. Be sure to follow Solaxy on X and Telegram to get the latest updates about token claiming and launch.

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Solaxy Layer-2 Promises to Revolutionize Solana Ecosystem

Solaxy’s overwhelming presale success is thanks to its innovative solution to a longstanding issue: network congestion on the Solana blockchain.

Over the past several years, Solana has suffered numerous network outages and instances of transaction failures that have made traders and developers more hesitant to use the chain. The problems have grown worse as meme coin trading has exploded in volume on Solana, threatening one of the primary uses of this blockchain.

While Solana’s developers have tried to address the problem, all of the fixes have come up short. But those solutions all focused on improving the Solana blockchain itself, whereas Solaxy’s approach is to borrow an idea from Ethereum and expand the Solana ecosystem with a new sidechain.

The new Solaxy Layer-2 will massively expand Solana’s capacity and scalability by using zero-knowledge rollups to batch transactions. It benefits from the security of Solana’s proof-of-stake transaction validation system while speeding up processing and slashing gas fees.

At the same time, Solaxy is part of the Solana ecosystem—so it’s compatible with the Solana Virtual Machine and can seamlessly integrate with all existing Solana dApps. That makes it easier for developers to build on Solaxy or migrate their projects onto the Layer-2 to take advantage of its speed and cost advantages.

Meanwhile, the Solana ecosystem as a whole is expected to benefit from Solaxy’s sidechain, attracting even more development. Ultimately, Solaxy could be the catalyst that enables Solana to truly compete head-to-head with Ethereum.

Solaxy Executes on Roadmap as Layer-2 Launch Approaches

The run-up to Solaxy’s launch has been filled with exciting announcements as the project executes on its feature-filled roadmap.

First, Solaxy launched its Layer-2 testnet several weeks ago and has been actively processing transactions in preparation for a wider roll-out. According to the block explorer, the testnet has processed more than 1 million transactions at an average rate of 16 transactions per second.

In addition, Solaxy finalized its new token bridge, which will enable users to move tokens seamlessly between the Solana, Ethereum, and Solaxy blockchains. This is key to connecting Solaxy to the broader Solana ecosystem, and it also connects Solana and Ethereum to bring two of the largest smart contract blockchains closer together than ever before—with Solaxy at the center.

Perhaps the most exciting new development Solaxy announced is the Igniter protocol, which will enable anyone who holds $SOLX tokens to design and launch their own new cryptocurrencies on the Solaxy blockchain. It has the potential to be the equivalent of Pump.fun—which generates more than 70,000 new meme coins every day—for the Solaxy Layer-2.

With all these pieces in place, the Solaxy team has announced plans to roll out its full Layer-2 at the same time as the $SOLX token. That’s expected to make the project’s launch even more exciting and create instant utility for $SOLX as the primary gas token for the Solaxy network.

Analysts Back $SOLX for 10x Pump and Long-term Gains

Crypto analysts have zeroed in on Solaxy as one of the most explosive tokens to watch this year, which is no surprise given the project’s presale raise.

Borch Crypto called it the ‘best crypto presale to buy now,’ while meme coin analyst Jacob Bury predicted $SOLX could jump 10x or more after launch.

If that 10x forecast proves accurate, it would rocket $SOLX to a market cap of nearly $500 million—putting it within reach of the 100 largest cryptos and generating enormous profits for anyone who bought $SOLX during the presale.

$SOLX will be required to pay for transaction fees on the Solaxy Layer-2. So, its value is expected to continue increasing as demand for Solaxy’s sidechain grows and more meme coin trading moves from the Solana mainnet onto the Layer-2.

In addition, $SOLX offers staking rewards, which can help cement a long-term community of investors around the token.

All of this points to a very bright future for Solaxy, one in which it’s a major player in a rapidly expanding Solana ecosystem. The $SOLX token launch is a potentially explosive crypto market event that investors and traders won’t want to miss out on.

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Nikolay Kolev

Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token. His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.