Solaxy Price Prediction – As Solana’s First Layer-2 Scaling Solution, SOLAXY Might Speed Up Transactions and Cut Fees

Solaxy ($SOLX) is developing Solana's first Layer-2 scaling solution to try and help Solana handle more transactions without slowing down or driving fees too high.

As the cryptocurrency market continues to heat up, investors are searching for the next big token to add to their portfolios. With Layer 2 scaling solutions becoming increasingly critical for expanding blockchain capacity and forging the way for Web3, two projects are coming to the forefront.

Solaxy is rapidly approaching its listing, having successfully raised over $27 million in its ICO. As Solana’s first Layer 2 scaling solution, Solaxy aims to speed up transactions and cut fees, something the Solana network has struggled with during periods of heavy traffic or when Solana gas fees rise.

Could this factor into a potential Solaxy price prediction and help $SOLX to pump after listing?

Meanwhile, DeepNet AI is offering a Layer 2 solution for a booming sector – artificial intelligence.

This could be key for supporting AI-powered dApps, agent economies, and machine learning systems that need a scalable, fast, and decentralized infrastructure to truly reach their potential.

But could this also help to propel DPN price predictions today?

Let’s check out the details.

Solaxy Price Prediction: Could $SOLX Pump After Listing With Successful ICO?

Solaxy is developing Solana’s first Layer 2 scaling solution to try and help Solana handle more transactions without slowing down or driving fees too high. By processing transactions off-chain before settling them on Solana’s mainnet, Solaxy could make things faster and cheaper, especially during busy periods when the network gets clogged.

This could be especially useful for developers working on dApps, DeFi protocols, or NFT marketplaces that rely on fast, low-cost transactions.

Recently, Solaxy completed its presale, raising over $27 million. This shows that there’s no shortage of interest in Solaxy and what it could bring to the Solana ecosystem.

However, while a successful ICO is a good start, it doesn’t guarantee that a token will perform well after listing.

For $SOLX to really heat up after listing, we’ll need to see Solana’s ecosystem pick up even more steam. That could bring more partnerships and developer activity, which are crucial for any Layer 2 network to thrive.

Without major partnerships or clear signs of developer adoption, it’s going to be difficult for $SOLX to sustain any momentum after the initial listing hype dies down.

If you’re looking for other promising projects to watch, DeepNet AI is another one to keep an eye on. It’s offering a Layer 2 solution specifically for AI applications, a space that’s heating up rapidly in 2023.

This could be interesting for anyone interested in the future of AI on blockchain.

DeepNet AI Is Potentially Building The Future Of AI On Blockchain With A Layer-2 Solution

DeepNet AI could be spearheading the next leg of the blockchain revolution by creating the foundation for the next generation of AI applications.

This Layer 2 solution could be used to support AI-powered dApps, agent economies, and machine learning systems that need a scalable, low-transaction-fee, and decentralized infrastructure to perform at their best.

What makes DeepNet unique is its timing, launching just as the world is rapidly adopting AI. The global artificial intelligence market is expected to reach $1.3 trillion by 2030.

Recently, there has been a huge surge in interest in AI thanks to the rapid development of new technologies, such as ChatGPT, which is revolutionizing the way we interact with machines.

This has led to an increased demand for Layer 2 solutions that can handle the increased traffic and throughput.

According to Statista, 78% of companies are already using AI in their business operations in 2023, creating a huge demand for this technology.

Moreover, the AI agent’s economy is set to grow from $5.1 billion in 2024 to an impressive $47.1 billion by 2030, at a staggering CAGR of 44.8%. This is a huge opportunity for companies like DeepNet AI, which are developing the Layer 2 solutions that will be essential for supporting the next generation of AI applications.

Among the four main benefits that DeepNet could offer are better scalability, lower transaction fees, compatibility with Ethereum Virtual Machine (EVM), and connection to the trillion-dollar AI market.

The EVM compatibility is crucial because it would allow developers to easily move their Ethereum-based apps to DeepNet without needing to start over. This could open up opportunities for DeFi, CeFi, and NFT markets to benefit from AI apps.

DeepNet Mainnet Launch Is Just Around The Corner – Could This Also Help It Gain Traction?

In other news, DeepNet AI is quickly gaining momentum with its active testnet boasting impressive stats.

As of August 28 at 07:00 (GMT+8), the testnet has reached over 60,064 total transactions and 60