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Cryptocurrency News Articles

Solaxy: A Layer 2 Solution for Solana’s Scalability and Beyond

Jan 20, 2025 at 04:41 pm

The Solana blockchain, known for its speed and low fees, is facing congestion and rising costs as transaction volumes increase.

Solaxy: A Layer 2 Solution for Solana’s Scalability and Beyond

Solana’s network is experiencing congestion and rising transaction fees as volumes increase.

To address this, Solana is preparing to launch a Layer 2 blockchain called Solaxy (SOLX).

The Solaxy token presale has raised $11.9 million, making it one of the fastest-selling presales.

Investors can buy SOLX on the official Solaxy presale website or add SOLX to Best Wallet for easy tracking.

Payments can be made using ETH, BNB, USDT, or credit card for maximum accessibility.

The project’s tokenomics are designed to support growth and stability.

The timing of Solaxy’s launch adds to its appeal, with analysts predicting a major bull run this year.

For updates, join Solaxy’s community on X and Telegram.

The Solana blockchain, known for its speed and low fees, is facing congestion and rising costs as transaction volumes increase. This issue is further exacerbated by events like the recent surge in trading volume for Trump’s official token (which briefly hit $69 before settling at $68) across multiple exchanges.

To address these challenges, Solana is preparing to launch a new Layer 2 blockchain called Solaxy (SOLX). This timely solution has already attracted investor attention due to its potential to alleviate Solana’s current network strain and pave the way for a more scalable future.

Solana L2 Solution Solaxy Presale Raises $11.9 Million – Analysts Predict 10x-20x Returns

The Solaxy token presale has raised $11.9 million, making it one of the fastest-selling presales, even with competition from meme coins like Wall Street Pepe and Pepe Unchained. The current price of $0.001606 per $SOLX will increase soon, encouraging buyers to act quickly.

According to crypto analysts, the token could deliver 10x to 20x returns in the next bull market, with some expecting even higher gains based on past performance of new tokens.

Investors can buy $SOLX through the official Solaxy presale website. Best Wallet, a top non-custodial crypto wallet, lists $SOLX in its “Upcoming Tokens” section, making it easy for investors to secure and track their holdings.

Payments can be made using ETH, BNB, USDT, or credit card, making the presale accessible to everyone. For more information, investors can check out our guide on purchasing Solaxy tokens here.

The Solaxy team focuses on security and transparency. Coinsult audited its smart contracts and found no issues, building trust among early investors.

The project’s tokenomics are designed to support growth and stability. Development receives 30% of the supply, 25% rewards early investors, 15% goes to marketing, 10% is for exchange liquidity, and 20% is kept in the treasury.

The timing of Solaxy’s launch adds to its appeal. Analysts are predicting a major bull run in 2024, and the project is well-positioned to attract investors. If you want to see what the future holds for Solaxy, you can check our SOLX price prediction guide.

For updates, interested buyers can join Solaxy’s community on X and Telegram.

Solaxy: A Layer 2 Solution for Solana’s Scalability and Beyond

The Solana blockchain, known for its speed and low fees, is facing congestion and rising costs as transaction volumes increase. High-demand projects like Donald Trump’s official token have added to this pressure, exposing the network’s scalability challenges.

Solaxy’s Layer 2 blockchain is designed to tackle these issues by improving customization, efficiency, and performance. It addresses problems like slow transactions, failures, and scalability limits while enhancing Solana’s strengths.

Donald Trump’s token, with a $13.5 billion market cap and daily trading volumes over $1.6 billion, has further stressed the network. Its repeated price resistance at $69 from speculative selling highlights Solana’s need for a Layer 2 solution. As transaction volumes grow, Solaxy is set to play a key role in strengthening the ecosystem.

Solaxy stands out as both a scalable solution and a memeable project, making it a unique offering in crypto. For investors, it provides a chance to join a game-changing development and benefit from the increasing demand for Layer 2 solutions.

The SOLX token powers Solaxy’s ecosystem by enabling faster, cheaper transactions and covering fees on the network. SOLX holders can also stake their tokens to earn passive income, with current APY rates estimated at 306%. Over 3.7 billion SOLX tokens have already been staked, showing strong community trust in the project.

Staking SOLX not only generates income but also reduces the circulating supply, helping to stabilize prices. This dual benefit makes staking a central part of Solaxy’s value.

Beyond staking

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Other articles published on Jan 20, 2025