First Layer-2 On Solana, Solaxy ICO Raises $9 Million - What Is $SOLX?
Solana, while being one of the most popular blockchains in the world, is often plagued by numerous challenges such as frequent slowdowns, congestion, and network outages, especially during peak cycles.
In fact, as the adoption level of the blockchain continues to grow, these issues seem to be deteriorating.
Enter Solaxy ($SOLX) - the world’s first Layer-2 chain on Solana - primarily developed to solve the main pain points of Solana such as scalability limitations and constant downtime.
Renowned for its game-changing features tailored to unlock the full potential of Solana, Solaxy landed on presale a couple of weeks ago and quickly gained significant traction, raising close to $9 million at press time.
Solaxy Poised To Redefine Blockchain Performance
There’s no doubt that Solana is one of the fastest-growing blockchain ecosystems around. With key projects like Pump.fun and Raydium at its core, the Layer-1 blockchain has enjoyed explosive growth over the last few years.
In fact, it is currently the most preferred blockchain for meme coin projects, thanks to its ability to handle more transactions at lower costs than Ethereum.
However, despite its viral success, Solana has its own challenges. It often experiences delays and performance problems, especially during meme coin high trading periods.
Solaxy aims to totally resolve these pressing problems and improve the overall performance of the blockchain network. With its revolutionary Layer-2 chain, this project brings lightning fast throughput, low fees, and optimal network efficiency to Solana, strengthening its performance during high traffic.
Basically, Solaxy blends the powers of Solana along with groundbreaking technologies to deliver a blockchain ecosystem where downtime is no concern. The Layer-2 chain is also equipped with customizable features so that developers can keep building innovative applications with ease.
It combines the powers of Solana along with innovative technologies to build a highly customizable platform, equipping developers with everything they need to create innovative applications.
Moreover, Solaxy’s novel approach to reducing the workload on Solana further highlights its position as a key player within the ecosystem. It acts as an off-ramp, executing transactions away from the Solana mainnet before bundling them together and sending them back to the network for confirmation. This unique approach drastically reduces computational burden and eases congestion.
Besides, since all transactions will be settled on the Solana blockchain, users will still benefit from its full decentralization and optimal security.
Also, broadening its appeal is its multichain functionality, which allows it to act as a bridge between Solana and Ethereum. This aspect of the project ensures that it can tap into the growth of both ecosystems, which in turn, could lay the groundwork for its future success.
Most importantly, Solaxy has passed two major audits from Coinsult and SolidProof, guaranteeing the safety of its smart contracts.
At the heart of this innovative project is SOLX - a new utility-driven crypto that has been selling out its presale. In terms of tokenomics, $SOLX has a total supply of 138,045 billion tokens, distributed across various aspects of the project like marketing (15%), rewards (25%), listings (15%), treasury (20%), and project development (30%).
Solaxy’s Profit Potential - Is $SOLX The Next 10x Crypto?
Solaxy has generated a huge buying frenzy since bursting into the crypto scene, garnering approximately $9 million. What sets this project apart from other ICOs is its unflinching ambition to open up a new realm of possibilities for Solana users.
By offering faster finality and lower fees, Solaxy has what it takes to become the next hub for Solana meme coin market, amplifying its adoption level. Moreover, with various predictions suggesting a prolonged meme coin mania in 2025, Solaxy could experience massive usage on Solana and Ethereum, potentially boosting its demand and price.
Another important factor that could keep the project going is its staking perks. At the time of writing, Solaxy is offering a three-digit APY reward, making it a prime investment option for those seeking passive returns this year.
However, as more tokens are being staked, the reward is expected to drop, making it more valuable to join the presale now.
Nevertheless, Solaxy’s dynamic yet attractive staking reward discourages short-term sell-offs and encourages long-term holding, which could be instrumental to the project’s success.
That said, famous crypto analysts like ClayBro have extensively analyzed Solaxy’s post-launch potential. In a recent video, the YouTuber discussed how the Layer-2 crypto could generate huge profits for early buyers.
Meanwhile, considering its presale momentum, Solaxy may attract the attention of top-tier exchanges right after launch, making it a prime contender for 10x gains.
Bottom Line
With the next bull run probably on the horizon, Solaxy stands out as one of the cheapest cryptos that could deliver explosive returns. So far, the atmosphere around the project has been positive, as evident in its presale milestone.
If it sustains this momentum, which is most likely, there is a growing belief that it could secure tier-1 listings, which could overwhelmingly trigger a parabolic surge in its price.
For those willing to get their hands on the token ahead of its IEO debut, $SOLX is currently selling for a discounted rate of $0.001592 and can be purchased with ETH, BNB, USDT, and credit/debit cards.
To keep up with project developments, presale milestones, and other vital information, follow Solaxy on X or join its Telegram channel.
