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Cryptocurrency News Articles
Solaxy Raises $653K Within Two Days as Its Presale Takes Off, Marking a Historic Moment as the First Solana Layer 2 Blockchain
Dec 18, 2024 at 02:48 am
With its revolutionary technology solving Solana's congestion and scalability issues, $SOLX could redefine the meme coin market and decentralized finance.
Solana has experienced explosive growth this year, becoming one of the most popular blockchains with millions of daily users thanks to its fast transaction speeds and low fees.
According to Token Terminal, Solana processes over 4.5 million wallets daily, which is double that of Tron, its closest competitor.
However, this rapid growth has also led to network congestion, scalability limits, and frequent transaction failures. These issues often result in downtime and a frustrating user experience, especially during peak trading periods.
Enter Solaxy (SOLX), the first-ever Solana Layer 2 blockchain. Designed to solve these critical problems, Solaxy will enable Solana users to enjoy even faster speeds, reliable performance, and smoother decentralized application (dApp) interactions.
The presale for Solaxy’s native token, $SOLX, has already raised $653,000 within the first 48 hours, indicating strong early interest. Priced at $0.00156, the presale offers investors a limited opportunity to get in before the next price increase in less than 48 hours.
Solaxy is enhancing the Solana blockchain by addressing its main weaknesses without sacrificing its existing strengths. It operates as a Layer 2 network, processing transactions off-chain to reduce the load on Solana’s mainnet. Once batched, these transactions are settled on Solana’s Layer 1, maintaining its decentralization and robust security.
This approach enables Solaxy to offer:
– Faster Transaction Speeds: While Solana’s theoretical limit is 6,500 transactions per second (TPS), Solaxy promises to go beyond this.
– Zero Downtime: By minimizing congestion, Solaxy ensures consistent uptime for traders and developers.
– Customizability for Developers: Solaxy provides modular toolkits, allowing developers to build innovative applications tailored to their needs.
As Solana becomes known as the home of meme coins, Solaxy aims to be the go-to platform for this exploding sector. With its Layer 2 architecture, it offers the optimal environment for meme coin trading by making tools like sniper bots and high-speed transactions available to everyone—not just elite traders.
Meme coins have played a major role in driving Solana’s adoption. The Solana meme coin market is currently valued at $18.8 billion, with new projects like Pump.fun and Moonshot further contributing to its growth.
Yet, despite Solana’s dominance in this niche, its frequent congestion and failed transactions create significant pain points for users. Solaxy directly addresses these problems, offering a seamless and scalable environment for meme coin launches and trading.
VISIT SOLAXY PRESALE – DON’T MISS OUT
Not only will Solaxy’s enhanced speed, reliability, and efficiency reduce frustration, but they will also open up possibilities for high-volume applications. With its ability to combine Solana’s speed and low fees with Ethereum’s liquidity and vast ecosystem, $SOLX positions itself as a multichain powerhouse, attracting users from both networks.
The success of Solaxy’s presale highlights strong investor belief in the project’s potential. Within just two days, $SOLX raised $415,000, and this momentum shows no signs of slowing.
Presale participants can currently purchase $SOLX at $0.00156, but prices will gradually increase throughout the campaign. Investors can also stake their tokens during the presale to earn an impressive 2,809% APY. However, this staking reward will decrease as the staking pool grows.
The total token supply of 138 billion SOLX is allocated as follows:
– 25% for community rewards
– 30% for ecosystem development
– 20% for marketing
– 10% for exchange listings
– 15% for project development
These allocations demonstrate Solaxy’s long-term focus on community engagement, liquidity, and scalability.
While Layer 2 solutions are not unique to Ethereum, Solaxy is the first Layer 2 for Solana, making it a pioneer in an untapped market. This gives $SOLX a substantial edge, especially as Solana’s adoption continues to accelerate in the current bull cycle.
What makes $SOLX even more compelling is its multichain nature, allowing users from Ethereum, Solana, and Binance Smart Chain (BSC) to participate. This ensures a massive buyer pool, which is crucial for driving adoption and value.
To participate in the Solaxy presale and secure $SOLX at its current price, follow these steps:
Presale participants can also immediately stake their tokens to earn rewards, setting themselves up for both capital appreciation and passive income.
BUY $SOLX NOW – JOIN THE SOLAXY PRESALE
Solaxy isn’t merely solving Solana’s challenges—it’s reshaping its future. By combining Solana’s strengths with Ethereum’s liquidity, Solaxy has created a groundbreaking Layer 2 network that
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