The crypto market is perhaps down this week, however one new venture is doing its personal factor.
Solaxy (SOLX) simply hit the $18 million milestone in its ongoing presale part.
Early traders are buzzing – questioning if SOLX may very well be the subsequent crypto to blow up.
Solaxy’s New Layer-2 Goals to Repair Solana’s Congestion Points
Solaxy’s presale success boils all the way down to a easy concept: making Solana run smoother.
As the primary Layer-2 on Solana, Solaxy strikes transactions off the first community, bundles them collectively, and settles them again on Solana’s blockchain.
It’s like having a system of specific lanes on a busy freeway.
As an alternative of each automobile (or transaction) clogging up the principle highway, Solaxy creates “shortcuts” to ease the load earlier than merging again in.
This technique has labored nicely on Ethereum with initiatives like Arbitrum and Optimism.
However Solaxy isn’t simply copying these initiatives.
The crew can be constructing a bridge between Solana and Ethereum, permitting customers to benefit from the perks of each platforms.
Plus, with 30% of SOLX tokens put aside for growth, the crew has the assets to stay to their roadmap.
And if that wasn’t sufficient, early backers can stake their SOLX to earn a powerful 221% APY.
Over 5 billion SOLX tokens are already locked up.
Solaxy’s $18M+ Presale Exhibits Clear Vote of Confidence From Traders
The numbers behind Solaxy’s presale inform an thrilling story.
Traders have dedicated over $18 million to this new Layer-2 venture in simply two months.
It’s a transparent vote of confidence in Solaxy’s plan to deal with Solana’s scaling points.
Proper now, SOLX tokens are on provide for $0.001626, however that’s simply the beginning.
The crew has mapped out deliberate value hikes at every funding milestone, which means those that get in early will obtain the bottom value.
And this might repay if Solaxy explodes after launch.
Main crypto influencers like ClayBro at the moment are discussing the venture’s potential.
ClayBro even steered SOLX may very well be the “largest Solana token but.”
Provided that tokens like BONK have market caps of over $1 billion, this declare would possibly sound daring – however there’s some reasoning behind it.
One key issue is that Coinsult has already audited Solaxy.
Coinsult’s audit discovered no points with the venture’s sensible contracts and confirmed it isn’t a honeypot scheme.
Solana’s Momentum Meets Solaxy – The Way forward for Scalable Blockchain Progress?
Solana has had a combined begin to 2025.
However with SOL’s price hovering round $200 – and a few analysts predicting it may double by the tip of the 12 months – there’s rising optimism round Solana’s ecosystem.
Throw within the discuss round doable spot SOL ETF approvals, and the joy solely grows.
Solana already handles practically half of all DEX quantity, which isn’t any straightforward feat.
Even with the upcoming Firedancer upgrade set to push speeds to 10,000 transactions per second (TPS), the community would possibly nonetheless battle throughout peak instances.
That’s the place Solaxy is available in.
By easing the load on Solana’s mainnet, Solaxy isn’t simply providing a short lived repair – it’s constructing for the long run.
Early traders perceive the potential right here, which is why the SOLX presale has been such successful.
SOLX has even made it onto CoinSniper.net – one of many web’s high crypto ranking websites.
So, can Solaxy dwell as much as the hype?
Solely time will inform, however with over $18 million already raised, the indicators look promising.
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