Solaxy ($SOLX) has raised over $7 million in its newly launched token presale, showing strong appeal among crypto traders.
The project is building the first Solana layer 2 blockchain, amending the network’s pressing congestion issue. At the heart of the operation is $SOLX, Solaxy’s native token used to transfer value and pay gas fees.
The $SOLX price will gradually increase throughout the presale fundraising campaign. The current price is $0.001586, but this will rise later today.
With price hikes hardwired into the presale, those seeking to capitalize on the maximum potential gains should not wait around.
Bringing Ethereum liquidity to Solana
Besides being the first and only Solana layer 2 blockchain, one of the standout measures of Solaxy is its position as a cross-chain asset.
Its native utility token, $SOLX, is available to buy on the Ethereum network. Ethereum has an unparalleled liquidity infrastructure, with a whopping $65 billion total value locked (TVL) on its blockchain.
Solaxy leverages this deep liquidity, providing Ethereum users with an opportunity to invest in $SOLX. This is expected to draw substantial capital flows into the Solaxy ecosystem, unifying the two leading smart-contract-enabled blockchains via a single token.
The Solaxy presale is only available on the Ethereum network, providing an added opportunity to those who participate. When the Solaxy blockchain goes live, Solana’s 4 million active users will have access to the token, bringing new demand and potential for explosive price appreciation.
Solaxy bolsters Solana’s transactional capabilities with layer 2 rollup
Solana has proved the most popular blockchain to conduct business in 2024, with it regularly seeing more activity than other networks.
In the past 24 hours, Solana has counted 4.5 million users, while runner-up Tron has booked 2.2 million.
However, Solana is cracking under the pressure of such demand. Transaction fees and wait times are higher than they could be, which limits the potential for new high-volume applications such as AI and DeFi to evolve.
But what’s most worrying is that 42% of non-vote transactions fail. If Solana is to keep leading the industry, this figure must reduce – and fast.
Developers are working on solutions. For instance, one Solana dev proposed increasing the network’s block limit to help fix this issue.
However, proposals and subsequent implementations take time, sometimes years. Solaxy has a solution that could slash wait times and boost reliability before the end of Q1.
Solaxy’s layer 2 blockchain will roll transactions into bundles, reducing the computational energy required to validate them. It will then report back to Solana for finality.
This approach aims to solve Solana’s scalability and congestion issues, enabling the ecosystem to continue growing and unlocking new use cases.
Buy $SOLX now for the 2025 bull run
The much-awaited 2025 is finally here, and investors are stoked about the gains it may bring. As one of the best presales taking place right now, Solaxy is drawing a lot of attention.
Prominent trader Jacob Bury recently posted a video on the 99Bitcoins YouTube channel stating that its price could 100x.
Bury underlined that the favorable market conditions could provide a tailwind for Solaxy’s growth.
Those wishing to contribute to the presale can do so via the project’s website homepage.
Simply visit the website, connect your wallet, and choose the amount of $SOLX you want to buy and the crypto you want to pay with.
Investors can stake their tokens amid the presale and currently earn a 484% APY.
Prospective buyers need not worry whether Solaxy is secure. The project has already ticked that box with a full audit from third-party security firm Coinsult, which found no issues with its code.
With a problem-solving use case and strategic exposure to two of crypto’s hottest ecosystems, Solaxy has the fundamentals for significant growth in 2025.
Follow Solaxy on X or join its Telegram to catch the latest updates.
Visit Solaxy Presale
This is a sponsored story. Please conduct your own due diligence and make an informed decision before taking any action. Bitcoin.com accepts no responsibility or liability.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
