The Competition to Scale Solana is Heating Up
The competition to scale Solana is heating up. Solaxy (SOLX), the first Layer-2 solution explicitly designed for Solana, has just passed the $7 million mark in its presale.
The project, backed by investors eager to solve Solana’s challenges, aims to reduce network congestion and improve the overall user experience.
Solana Experiences Growing Pains but Solaxy Aims to Unclog the Network
Anyone active in the Solana ecosystem lately will be all too familiar with its pain points. Network congestion has become a daily frustration, with around 42% of non-voting transactions failing during peak times.
Solaxy’s approach centers around three key features: off-chain processing to handle the heavy lifting, transaction bundling to reduce costs, and secure settlement back on the main Solana chain.
What also sets Solaxy apart is its bridge between Solana and Ethereum, which opens new opportunities for developers who want to use both ecosystems.
SOLX Token Presale Takes Off & Raises $7M as Investors Jump In
Solaxy’s success hinges on its native token, SOLX, which has already caught the attention of investors. In less than two weeks since its presale went live, Solaxy has raised over $7 million.
That’s a clear sign of the demand for Solana scaling solutions. Early investors can currently grab SOLX tokens for $0.001586 each, but that price won’t be available for long.
The presale is structured in stages, each with a different price, rewarding those who act quickly. Investors can participate in the presale using ETH, USDT, BNB, or a credit/debit card.
Importantly, SOLX is more than just a random token connected to Solaxy. It’s the backbone of Solaxy’s entire ecosystem, designed to fuel transactions and power the governance system.
Fast-Growing Community Signals Strong Market Interest in Solaxy
While Solaxy’s technology is grabbing attention, its community presence is just as impressive. The project has secured a spot on Best Wallet’s “Upcoming Tokens” portal – known for identifying big winners before they hit mainstream exchanges.
That has only added to the social buzz around Solaxy. Hundreds of people are joining its Twitter and Telegram channels daily, and the project is also catching the attention of major crypto influencers.
Conclusion
Solaxy is one to watch in the days and weeks ahead. With Solana’s ecosystem growing faster than ever, the timing for a Layer-2 solution couldn’t be better. Solaxy’s success hinges on its native token, SOLX, which has already caught the attention of investors.
FAQs
Q: What is Solaxy?
A: Solaxy is the first Layer-2 solution explicitly designed for Solana, aiming to reduce network congestion and improve the overall user experience.
Q: What is the SOLX token?
A: SOLX is the native token of Solaxy, designed to fuel transactions and power the governance system.
Q: How can I participate in the Solaxy presale?
A: Investors can participate in the presale using ETH, USDT, BNB, or a credit/debit card.
Q: What is the current price of SOLX?
A: Early investors can currently grab SOLX tokens for $0.001586 each, but that price won’t be available for long.
Q: What is the total amount raised by Solaxy in its presale?
A: Solaxy has raised over $7 million in its presale.
Q: What is the bridge between Solana and Ethereum?
A: Solaxy’s bridge between Solana and Ethereum opens new opportunities for developers who want to use both ecosystems.
