Solana is without doubt one of the greatest blockchains on this planet – however community congestion continues to be an enormous subject.
That’s the place Solaxy (SOLX) is available in.
This new Layer-2 resolution for Solana has raised over $20 million in presale funding.
And a few early backers suppose the native SOLX token might see an enormous pump after trade listings.
Scaling Solana – How Solaxy’s New L2 Resolution Goals to Increase Speeds
Solana can theoretically deal with as much as 65,000 transactions per second, however when hype kicks in – like with a brand new meme coin launch – the community can nonetheless change into clogged.
Solaxy’s workforce desires to resolve this subject completely.
They wish to add an additional “lane” to Solana, which would cut back the computational load on the principle chain.
So, as a substitute of each transaction competing for area, Solaxy processes them off-chain, bundles them collectively, after which settles them again on Solana.
The result’s quicker speeds, decrease charges, and a greater consumer expertise.
Solaxy’s native token, SOLX, powers this ecosystem.
Will probably be used for fuel charges, staking rewards, governance, and extra.
It’ll even be a part of Solaxy’s multi-chain bridge that’s planning to attach the Ethereum and Solana ecosystems.
Not solely will this give customers entry to Ethereum’s liquidity, however it is going to additionally allow them to learn from Solana’s speeds.
The hype round this use case is rising by the day.
And now that Solaxy’s Twitter following has handed 68,000 individuals, it’s clear the challenge is gaining traction on-line.
SOLX Presale Heats Up & Passes $20M Forward of Change Listings
The joy surrounding Solaxy has been constructing since its presale kicked off in mid-December.
In simply two months, the challenge has raised $20.4 million.
It’s averaging an enormous $300,000 in day by day investments – or about $2 million per week.
That form of momentum demonstrates severe investor confidence in Solaxy’s imaginative and prescient for scaling Solana.
Proper now, SOLX tokens are priced at $0.001634 every.
However that value received’t final for much longer, as a scheduled value enhance is about to happen in lower than 48 hours, including a way of urgency for these nonetheless on the fence.
YouTuber NASS CRYPTO just lately known as it one of many “high crypto presales” to put money into proper now.
He even thinks SOLX might “skyrocket” as soon as it hits exchanges.
Solaxy’s workforce plans to checklist SOLX on a DEX first, with potential for CEX listings after that if all goes effectively.
Solaxy’s Successful Formulation – Meme Coin Enchantment & Actual-World Utility
Solaxy has additionally been constructing credibility behind the scenes.
The challenge just lately handed a safety audit from Coinsult, boosting investor confidence.
SOLX has even landed a spot on CoinSniper.net’s trending initiatives checklist.
What additionally makes Solaxy so intriguing is the way it mixes two big crypto narratives.
On one hand, it has the viral attraction that’s behind many of the meme coin mania we’ve seen in current months.
However in contrast to pure hype performs, Solaxy gives actual utility, tackling a real subject within the crypto area.
This mixture of viral attraction and precise problem-solving might assist it stand out in at this time’s market.
And its timing couldn’t be higher.
Hypothesis is ramping up round potential spot Solana ETF approvals this yr, which might spike demand for SOL.
If that occurs, the necessity for scaling options (like Solaxy) might also rise – placing SOLX in a first-rate place to learn.
General, issues are trying up for this new Layer-2 challenge, making the SOLX presale an occasion to observe intently.
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