The Solaxy presale has now raised over $21 million, showing strong investor interest in the first Layer-2 scaling solution for Solana. With limited time before the next price increase during the presale, many are taking the opportunity to buy tokens at a lower cost while it lasts.
This isn’t surprising, as Solaxy’s advanced rollup architecture shows strong potential to optimize transaction speeds and reduce congestion-related inefficiencies on Solana.
Additionally, analysts speculate that Solaxy’s presale momentum could lead to a swift listing on major exchanges, which is always a positive sign for the token price.
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Solana can process an average of over 4,500 transactions per second (TPS), which makes transactions fast with low fees. Because of that, it has become a go-to network for meme coin trading, Web3 gaming, and decentralized applications.
Thanks to meme coin launch platforms and access to meme coins before they become popular, Solana is the leading meme coin hub, with thousands of meme coins launching daily. This could be why U.S. President Donald Trump chose Solana to launch his official meme coin, $TRUMP.
As a testament to Solana’s superiority to other blockchains, Franklin Templeton, an asset manager with over $1.6 trillion in AUM, has filed for a spot Solana ETF, which could help retail investors buy into the hype. In addition, Solana’s total value locked (TVL) has surpassed $9 billion, more than it had at its peak in 2021.
However, this demand has led to congestion issues, which cause frequent transaction failures. When network congestion happens, even regular users who want to yield farm, play a Web3 game, or simply swap one token for another could face failed transactions.
Solaxy addresses these bottlenecks using rollup technology to process transactions off of the main chain before finalizing them on Solana’s mainnet. This approach reduces congestion and ensures smooth execution, even during peak activity. For traders, this means faster and more reliable transactions, preventing failed swaps.
Beyond improving transaction efficiency, Solaxy is expanding interoperability between Solana and Ethereum. The $SOLX token functions as a multi-chain asset, allowing users to engage across both ecosystems. This provides access to Ethereum’s liquidity while benefiting from Solana’s speed and cost efficiency.
Solaxy has partnered with Hyperlane to enhance cross-chain compatibility between Ethereum and Solana, with internal bridge testing already underway. This also means interested investors can participate in the presale and complete their purchases using both SOL and ETH coins.
Investors who buy $SOLX during the presale can take advantage of staking rewards. The platform currently offers a dynamic staking return of 199% APY, which will gradually drop as more tokens are staked.
This model benefits early participants by providing higher rewards for locking their holdings ahead of the token generation event (TGE). Staked tokens will be subject to a seven-day lock-up period after the TGE. Still, given the strong traction Solaxy has gained, early adopters see this as an opportunity to compound their positions before trading begins.
Solaxy’s approach to solving Solana’s congestion challenges has captured attention across the industry. The project has been featured on major platforms, including the crypto-focused YouTube channel ClayBro, highlighting $SOLX as an overlooked token.
Investors eager to participate before the presale price increases can purchase tokens directly from Solaxy’s official website for $0.001634. Note, the price will go up within a day, giving early birds a better deal.
As the $20 million milestone has been surpassed, anticipation is growing for what comes next. Focusing on improving blockchain efficiency and providing seamless interoperability, Solaxy is crucial in expanding Solana’s capabilities as the bull run matures. Follow Solaxy on X and join their Telegram group for real-time updates.
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.
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