|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Solaxy: The Layer 2 Solution Set to Transform Solana in 2025
Jan 07, 2025 at 10:29 pm
When Solana's market activity surges, users face more than just long wait times and higher fees – many transactions fail entirely. Dune Analytics data reveals that over 40% of non-vote transactions on Solana failed this week.
Some analysts predict a surge in Solana-based meme coins. Solaxy (SOLX) leads with $9 million raised in its presale, solving congestion with Layer 2 scaling.
2024 saw steady growth fueled by key events like ETF approvals in January, Bitcoin’s halving in April, and Trump’s winning the U.S. presidential election.
These milestones boosted Bitcoin past $100,000 for the first time, driving the entire crypto market upward. By January 2025, most of the top 10 cryptocurrencies were trading in the green.
Solana stood out as a strong performer with no major price drops, but its ongoing issue of network congestion remains a barrier to higher gains.
A new presale project, Solaxy (SOLX), offers a potential fix for Solana’s congestion through its layer-2 technology.
Investors rush to Solaxy as ICO raises $9 million
Solaxy (SOLX) is creating the first-ever Solana layer 2 blockchain and is gaining a lot of attention. The project’s ongoing ICO has already raised $9 million, as investors aim to profit once $SOLX gets listed on exchanges.
The token presale offers a chance to join this groundbreaking project early. The current price is $0.001594 but will increase soon, with the next price hike scheduled in two days.
$SOLX tokens are available for purchase with ETH, USDT, BNB, or credit/debit cards on the Solaxy website or via the “Upcoming Tokens” section on the Best Wallet platform. For more information, investors can check out our guide on purchasing Solaxy tokens here.
Early buyers can earn profits during the presale with Solaxy’s staking system, which offers 388% APY. Nearly 3 billion $SOLX tokens have been staked so far, and the number keeps increasing. Solaxy prioritizes security, and Coinsult, a blockchain security firm, has audited the $SOLX token, confirming it as safe and trustworthy.
Solaxy’s token distribution is transparent, with funds allocated to development, rewards, treasury, marketing, and exchange listings. If you want to see what the future holds for Solaxy, you can check our $SOLX price prediction guide.
The presale is attracting almost $500,000 daily, making it one of the most recognized crypto ICOs. This growing momentum highlights the increasing interest in utility-driven projects that solve real-world problems.
Solaxy also benefits from an active community, with hundreds of new users joining its Twitter and Telegram channels daily, boosting its popularity even further.
Solaxy: The Layer 2 solution set to transform Solana in 2025
When Solana’s market activity surges, users face more than just long wait times and higher fees – many transactions fail entirely. Dune Analytics data reveals that over 40% of non-vote transactions on Solana failed this week. This marks an improvement from a few months ago when Reddit users reported failure rates as high as 75%.
A large portion of these failed transactions comes from arbitrage trading bots trying to balance prices across markets. For Solana to grow and expand adoption, its transaction system must be reliable. Right now, it’s falling short.
Solaxy is addressing this issue by reducing transaction failures, offering lower fees, and delivering faster speeds. According to its whitepaper, Solaxy’s layer 2 blockchain aims to power the next wave of applications on Solana.
Source – Solaxy Twitter
With this addition, Solaxy unlocks new possibilities for innovative use cases, free from Solana’s current limitations. Interestingly, the Solaxy team launched its token presale on Ethereum to tap into its larger liquidity pool, fueling the project’s growth.
This strategy has paid off, as seen in Solaxy’s strong presale momentum. Looking ahead, the project may have even greater potential. For a comparison, consider Pepe Unchained, an Ethereum layer 2 blockchain centered on meme coins.
Despite the crowded Ethereum layer 2 space, with 99 tokens listed on CoinGecko, Pepe Unchained surged 10x after its presale ended in December, reaching a $400 million market cap at its peak. Solaxy aims to achieve similar success, if not surpass it.
Unlike Pepe Unchained, Solaxy takes a unique approach as the only layer 2 solution tackling Solana’s congestion problem. Could it outperform Pepe Unchained? The potential is there, but time will tell. One thing is clear – Solaxy is a cryptocurrency to watch closely in 2025. To take part in the $SOLX token presale visit solaxy.io.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- IntelMarkets (INTL): A New AI Altcoin Targeting Ethereum (ETH) and Dogecoin (DOGE)
- Jan 08, 2025 at 11:25 pm
- The past few months in crypto have been exciting, with the rest of the bull market set to be even more explosive. IntelMarkets (INTL), a new AI altcoin, has had a remarkable run during this timeframe.
-
- Bitcoin (BTC) Price Drops 5.7% to $95,000 as Matrixport Predicts Consolidation Phase
- Jan 08, 2025 at 11:25 pm
- Bitcoin's price dropped 5.7% in the past 24 hours, falling to $95,000 after peaking at $102,000 earlier this week. Matrixport, a leading digital asset platform, predicts this marks the start of a consolidation phase for the cryptocurrency, driven by global liquidity tightening.
-
- On-Chain Data Shows Bitcoin Netflow on Binance Has Turned Negative Recently. Here's What This Could Mean for the Asset's Price
- Jan 08, 2025 at 11:25 pm
- In a CryptoQuant Quicktake post, an analyst has discussed about the trend in the 14-day simple moving average (SMA) of the Bitcoin Exchange Netflow for the Binance platform.