The crypto market keeps falling, but Solaxy (SOLX) is moving in the opposite direction, raising $23.7 million through its ICO.

Crypto enthusiasts are always on the lookout for the next big thing, and Solaxy (SOLX) might just be the one to watch in the latter half of 2023.

The first major Solana layer-2 coin has already raised $23.7 million in its presale and continues to grow by $1 million every five days. The $SOLX token, priced at $0.001648, keeps attracting hundreds of thousands of dollars in daily contributions, even as market conditions remain weak.

> Early buyers can purchase $SOLX using ETH, BNB, USDT, or a bank card. The team has also partnered with Best Wallet to make in-app purchases easier. For more information, investors can check out our guide on purchasing Solaxy tokens here.

For post-ICO growth, the team has set aside 10% of the $SOLX supply for liquidity and 15% for marketing. The roadmap includes a DEX listing right after the ICO, with a possible CEX listing later.

Many early presale buyers aim for 100x returns, while analysts suggest it could still offer up to 10x gains for those buying now. If you want to see what the future holds for Solaxy, you can check our $SOLX price prediction guide.Interest in Solaxy keeps rising on social media. Its X (formerly Twitter) and Telegram channels have seen rapid growth as more followers join to track its progress.

Solaxy: Boosting Solana’s Potential with Layer-2 and Ethereum Integration

Solaxy takes a new approach to solving Solana’s congestion problems. This layer-2 solution eases network traffic by handling transactions off the main blockchain, creating a faster processing system for Solana.

By doing this, Solaxy reduces the strain on Solana’s mainnet. Transactions go through its platform separately, then get bundled together and sent back for final verification.

This process lowers fees and speeds up transactions, especially during high-traffic periods when Solana usually faces delays. Solaxy’s whitepaper also highlights its plans for cross-chain compatibility.

The team is building a bridge between the Solana and Ethereum networks, making it easier to move assets between two of the biggest blockchains. This could expand Solaxy’s use beyond just improving speed.