New Solana Layer 2 Project, Solaxy, Raises $2 Million in First Week of Presale

Solana has showcased exceptional efficiency all through 2024, outpacing Ethereum by over 50% in year-to-date beneficial properties. This solidified SOL’s place within the Layer 1 blockchain membership. Nonetheless, with its excessive throughput being stunted by spam transitions and community congestion, many began questioning the way forward for Solana. Among the many rising tasks main the cost to assist Solana is Solaxy, the first-ever Solana Layer 2 protocol.

At present priced at $0.001566, Solaxy ($SOLX) is within the sixth stage of its presale, which has seen overwhelming demand. With $2 million raised in below per week, the challenge highlights its recognition and optimism amongst buyers relating to Solaxy’s revolutionary resolution. Solaxy has just lately reached a milestone of elevating over $750,000 within the first 24 hours of its presale as properly.

Early consumers can maximize their beneficial properties by staking their $SOLX tokens, with a dynamic APY of as much as 1,680%. This fee is dynamically adjusted as extra tokens are staked, rewarding early adopters whereas sustaining long-term sustainability.

How Does Solaxy Assist Solana? The Use Case Behind the Solaxy Token Presale

Solana’s unmatched pace and cost-efficiency have made it a go-to platform for high-throughput purposes, together with meme coin launches. Nonetheless, its recognition has led to important congestion points, with spam transactions and failed executions all over.

Because the first-ever Layer 2 protocol on Solana, Solaxy addresses these ache factors by introducing:

• Improved scalability and transaction throughput
• Decrease charges
• Enhanced reliability

Past simply fixing Solana’s points, Solaxy bridges the hole between Solana and Ethereum, leveraging Ethereum’s liquidity and safety to create a strong, multi-chain resolution.

Solana and Its Community Congestion Points

Solana actually stands out from the Layer 1 blockchain crowd as a high-performance blockchain, however its fast progress hasn’t been with out challenges. Because the platform gained recognition, it started experiencing community congestion. 1000’s of purposes, together with meme coin launches and no-code platforms, have flooded the community with transactions.

Similar to a busy freeway throughout rush hour, too many vehicles (or transactions) attempting to get via on the similar time results in gridlock, slowing every thing down and making the community much less environment friendly.

This congestion led to excessive charges of failed transactions, with some estimates suggesting that as much as 25% of transactions don’t go through. These points have highlighted the necessity for higher scalability and extra dependable efficiency on Solana.

On prime of the pure community congestion, Solana suffered from spam transactions as properly. Spam transactions are sometimes despatched by bots as they try and get into blocks through the shortest queues, akin to skipping lanes in site visitors.

Meme coin tasks are liable for most of this spam, with gaming tasks coming in second.

Solaxy because the Multi-Chain Answer to Solana’s Issues

Solaxy, the first-ever Layer 2 protocol constructed for Solana, gives a strong resolution for this downside. It’s constructing an specific lane on the Solana freeway, the place precedence site visitors can transfer freely with out being impacted by the congestion on the primary highway. Solaxy goals to tackle a big portion of the transaction load, decreasing congestion and guaranteeing that respectable transactions are processed shortly and effectively.

Along with enhancing Solana’s efficiency, Solaxy additionally connects with Ethereum, combining one of the best options of each blockchains. The native token of the Solaxy community, $SOLX, is multi-chain, that means it creates a brand new path of entry into each Solana and Ethereum.

This multi-chain method offers customers entry to Ethereum’s deep liquidity whereas preserving the pace and low prices that make Solana so interesting. With these improvements, Solaxy is about to make the Solana community extra scalable, dependable, and prepared for the subsequent wave of tasks, selecting this blockchain when innovating.

What Is Having a Layer 2 Value? Apparently, Over $1 Billion

Ethereum Layer 2 options have grow to be a significant a part of the blockchain trade, with main tasks boasting market capitalizations of properly over $1 billion. Examples embrace Mantle ($4.1 billion), Arbitrum ($4 billion), Optimism ($3.3 billion), and Polygon ($1.1 billion). Even newly-released tasks like Pepe Unchained have crossed the 100 million market cap mark in some unspecified time in the future.

Because the first-ever Layer 2 resolution for Solana, Solaxy is uniquely positioned to observe of their footsteps. Its multi-chain compatibility with each Solana and Ethereum additional enhances its potential, extending its use case and rising its attraction to each builders and buyers.

The $SOLX token presale permits buyers to board the prepare early and put money into a model new Layer 2 challenge earlier than it even involves the market. A latest YouTube video from the crypto specialists at 99bitcoins expressed bullish sentiments about Solaxy’s potential. The protection begins on the 5:29 mark within the video under:

Find out how to Get $SOLX

To get began with the $SOLX token presale, you’ll want a suitable crypto pockets and a funded steadiness in one of many supported cryptocurrencies. Customers might want to observe these easy steps to safe their $SOLX tokens:

1. Join pockets: Hyperlink crypto pockets to the Solaxy presale platform. Guarantee it’s suitable and prepared for transactions.
2. Fund pockets: Prime up the pockets with $BNB, $ETH, or $SOL—three of probably the most energetic blockchain tokens supported by the presale. Alternatively, customers may buy $SOLX immediately utilizing a credit score or debit card. Best Wallet may be a very good pockets to make use of for this.
3. Different – customers can use Finest Pockets for a seamless expertise: to put money into Solaxy from the consolation of their very own pockets, they will open Finest Pockets and head to the “Upcoming Tokens” part. Tokens purchased through Finest Pockets will likely be routinely credited forward of the official declare date.
4. Buy $SOLX: Customers must determine on the quantity they need to spend, and buy $SOLX tokens. They’ve the choice to get them outright, or to purchase & stake them on the similar time, leveraging the funds they presently have.

Because the altcoin season approaches, buyers are turning their consideration to tasks that enhance on present options and goal for mass adoption.

Solaxy suits the invoice by providing a platform that solves Solana’s present limitations, unlocking the complete potential of dApps constructed on it. With its give attention to scalability, safety, and decentralization, Solaxy is shaping as much as be one of many extra thrilling tasks within the crypto area proper now.

buyers can preserve updated with Solaxy by becoming a member of its neighborhood on Telegram or X.

Visit Solaxy Presale

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