Janover Inc. Raises $42M Through Convertible Bonds to Fund Its Solana Treasury Strategy

Janover Inc., a fintech firm that made a name for itself by connecting real estate borrowers with lenders, has successfully raised $42M through convertible bonds to fund its Solana treasury strategy.

Janover Inc., a noted fintech firm known for connecting real estate borrowers with lenders, has successfully raised $42M through convertible bonds. This funding will be directed towards integrating a Solana treasury strategy, an initiative that several crypto firms have already begun adopting.

Plus, we’ll touch upon the Solaxy ($SOLX) presale. It’s a Layer-2 network designed to address Solana’s persistent bottlenecks.

Janover’s Integration of Solana Treasury Strategy

Unlike MicroStrategy, which concentrates on Bitcoin as a primary asset, Janover’s treasury strategy will revolve around the Solana network, recognized for its speed and scalability.

This move could inspire more investors to purchase SOL and encourages developers to innovate within the Solana ecosystem.

However, increased demand could place significant strain on the Solana L1 chain. This might cause several issues, such as:

Solana has faced such problems even without the heightened demand. Its traffic often causes network downtime, especially during the launch of trending cryptos.

This has partly prevented the blockchain from rivaling Ethereum, which dominates the market with a $44.723B TVL (Total Value Locked) compared to Solana’s $6.20B.

In January, Donald Trump’s foray into the crypto sphere with his own meme coin, Official Trump ($TRUMP), further exposed Solana’s cracks.

The Trump token, launched on Solana, generated $21.9B in trading volume within just 24 hours of going live, quickly causing failed transactions.

Thankfully, this is where the Solaxy comes in. It addresses Solana’s woes as part of its ploy to uplift the network’s DeFi stance.

Solana Bottlenecks? Fear Not – Solaxy’s to the Rescue

Solaxy plans to launch its very own Solana L2 network to make Solana’s transactions speedier and more cost-friendly. It aims to achieve this by transferring the computation workload to its sidechain.

This approach should help minimize network congestion and mitigate failed transactions. In turn, this could significantly benefit developers building on the Solana blockchain.

But to leverage Solaxy’s benefits, you’ll first have to buy $SOLX, one of the best meme coins on presale right now. Considering its utility, it’s not surprising that it has already snagged over $29.5M.

It also doesn’t come as a surprise that whale buyers are flocking to purchase $SOLX. For example, two major buyers injected $15,255.19 and $14,498.53 into the presale just two days ago.

As an early adopter, you can stake $SOLX at a 138% APY, which not only opens passive income opportunities but also helps stabilize the ecosystem.

Buy $SOLX Before Its Price Possibly Jumps 1000x

Janover’s bold ambition to integrate a Solana treasury strategy signals a new era of crypto-forward public firms.

But Solana’s network challenges cannot be ignored – this is precisely where the Solaxy presale comes into the picture. Once it deploys its own Solana L2, it should relieve the network’s problematic congestion, unlock smoother transactions, and increase overall throughput.

To reap the perks, you can buy $SOLX on presale for just $0.001688. Following exchange listings, we predict $SOLX to reach $0.032 by this year’s end.

To save on transaction costs, you can buy $BEST and download Best Wallet, one of the best crypto wallets that supports $SOLX among other promising presale coins.

Still, this isn’t financial advice. Do your own homework and only invest within your comfort risk zone. Crypto prices can go south as fast as they can north.