Viral Solana Presale Raises $48M: Last Chance to Buy Solaxy Before Launch

Solaxy (SOLX), a new project building a Layer-2 scaling solution for Solana, has now raised $48.8 million in its presale, making it one of the largest early-stage fundraisers of the year despite the broader crypto market experiencing a pullback. The SOLX token launch is set for next week in what’s anticipated to be one of the biggest launches on Solana this year.

With less than 72 hours remaining, interested buyers still have a chance to get Solaxy at a discount before it gets listed on major exchanges. The main reason for Solaxy’s popularity is that it addresses long-standing network issues on Solana. Many are now asking if Solaxy is the next project to bring 10x returns after launch.

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More Than a Layer-2 Blockchain

Solaxy is the first Layer-2 built for Solana, setting it apart from many other crypto projects. Until now, Solana has not had a native Layer-2 scaling solution like Ethereum. As a result, its users suffered from delayed and failed transactions during times of high network traffic. This caused apps to slow down, users and projects to lose time and money, and everyone involved to become frustrated.

When it comes to its technology, the project uses rollups and off-chain processing to verify transactions on its layer, bundle them together and send them back to Solana for final settlement on the main net.This could potentially add another 10,000 transactions per second in throughput to the popular network, and the best thing is – this isn’t just in theory.

Solaxy has recently launched its public testnet, enabling anyone to experiment with its features. Users need Backpack Wallet to connect to the Solaxy RPC. Once connected, the project enables anyone to use the testnet and deploy smart contracts using Solana’s existing tools, bridge tokens from the Solana Devnet to the Solaxy Testnet, and monitor their transactions using the block explorer.

Another big update recently was Solaxy’s partnership with Hyperlane, which provides Solaxy users with a faster and simpler way to transfer tokens between Solana, Ethereum, and Solaxy itself. The goal is to make bridging as smooth as possible.

Last but not least, the team announced that it’s developing a token launchpad, called Igniter Protocol, as well as a decentralized exchange (DEX). All tokens that complete their bonding curve on Igniter will get increased liquidity on the DEX. This will happen without clogging the Solana mainnet, which is a big deal when the altseason hits and network congestion becomes a problem once again.

SOLX Token, Multi-Chain Utility With Real Rewards

SOLX is the fuel that powers everything on the Solaxy network. Thanks to its multi-chain nature, SOLX works on both Solana and Ethereum, allowing it to be used across two of the largest blockchains. This opens the way for Ethereum’s liquidity to move to Solana and take advantage of its fast transactions, its DeFi platforms, and more.

Currently, SOLX is available at a discounted price during its presale, but time is running out as the presale closes in under 72 hours. After that, the token will be available for claiming, and SOLX will launch on exchanges.

Investors who buy the token during the presale can stake their SOLX for a dynamic yield of 84%. This not only increases the potential earnings of the one staking, but also reduces the circulating supply of the token post-launch, thus increasing the overall potential for SOLX to spike.

Borch Crypto, a popular crypto YouTuber, calls Solaxy the best crypto presale to buy now, as the clock is ticking before exchange listings.

How to Buy SOLX Before The Presale Ends

Solana’s network is built to be fast – however, despite its speed, multiple occasions have confirmed its instability under pressure. Solaxy adds an L2 network that takes the load off the main chain, unlocking the quick and cheap transaction processing Solana is known for. Additionally, by connecting directly with Ethereum, it attracts more users and directly increases liquidity on Solana.

The project has done much since the release of its whitepaper, with the testnet, block explorer, and bridge already live, and a DEX and token launchpad in the works.

With over $48 million raised during the presale, Solaxy shows that investors see the value beyond the hype – and with the exchange listing just days away, interested investors have a limited time to buy the SOLX token.

Buying SOLX is simple. Investors need to connect their crypto wallet to the official Solaxy presale site and use SOL, ETH, BNB, USDT, or a bank card to complete the purchase. Alternatively, the SOLX token can be bought via the Best Wallet app, available on iOS and Android devices.

Visit Solaxy Presale

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Nikolay

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.