Solaxy, the first Solana layer 2 (L2) crypto, surpasses $27 million in its $SOLX token presale

Solaxy aims to revolutionize blockchain technology by enhancing scalability and efficiency within the Solana ecosystem.

Crypto startup Solaxy, the first Solana (SOL) layer 2 (L2) crypto, has raised over $27 million in its token presale ahead of the $SOLX token launching on Thursday.

The project has attracted attention for its efforts to enhance scalability and efficiency within the Solana ecosystem, aiming to reduce congestion and ensure smooth performance even during high traffic periods.

To achieve this, Solaxy processes transactions off-chain, handling them externally before they are finalized on Solana’s mainnet. This approach lessens the data load on the blockchain.

The project also employs transaction bundling, grouping multiple transactions to reduce costs and time. This method is especially relevant in periods of high network activity, which can cause high fees and slow processing.

Moreover, Solaxy is developing a modular framework that will allow developers to build decentralized applications (dApps) tailored for high-volume sectors such as meme coins, decentralized finance (DeFi), and non-fungible tokens (NFTs).

In terms of cross-chain compatibility, Solaxy is working on a direct bridge between Solana and Ethereum (ETH). This integration would enable seamless asset transfers, combining Solana’s speed with Ethereum’s renowned liquidity.

However, before investing in $SOLX, it’s crucial to conduct thorough research and consider the risks involved in any crypto investment.

Here’s a breakdown of everything you need to know about Solaxy, its presale details, and where to buy the $SOLX token online.

What is Solaxy?

Solaxy is a new layer-2 blockchain that is designed to be a scalable and efficient environment for decentralized applications (dApps). The project is focused on building an optimal ecosystem for dApps that require high transaction volumes, such as meme coins, DeFi protocols, and NFT projects.

To achieve this, Solaxy is developing a modular framework that will allow developers to customize dApps to suit different use cases. The project is also focused on cross-chain compatibility, with plans to create a direct bridge between Solana and Ethereum.

This integration will enable users to easily transfer assets between the two largest blockchains, combining the advantages of both networks.

Why is Solaxy’s $SOLX token booming in presale?

One of the major highlights of Solaxy is its staking rewards, which currently offer an impressive 150% annual percentage yield (APY). This staking mechanism allows participants to maximize their holdings even before the token goes live on exchanges.

The project has already secured over $27.2 million in funding, highlighting strong investor interest and positioning it as one of the best new cryptos to buy now. As with many presales, the price of $SOLX increases with each phase, incentivizing early participation.

Currently, one $SOLX token is price at $0.00167, with expectations that the value will continue to rise leading up to the token generation event (TGE). For those looking to participate in the presale, Solaxy offers multiple payment options, including crypto and bank cards.

However, all buyers must connect a compatible crypto wallet to claim their tokens upon launch. We recommend Best Wallet, a free and highly secure option supporting over 60 blockchains. Its built-in fiat-to-crypto onramp makes buying Solaxy much easier.

$SOLX hits it out of the Stratosphere!🛸27M Raised! 🔥pic.twitter.com/ELdJOM2z b

Beyond the presale, the development team remains active, regularly updating the community with progress reports. Currently, Solaxy is actively enhancing its ecosystem with several key developments.

Efforts are underway to improve wallet support by collaborating with major providers, ensuring a seamless experience for non-technical users. The team is also expanding its token launchpad by partnering with leading platforms to facilitate smooth project deployments on the network.

Infrastructure optimization remains a priority, with ongoing benchmarking aimed at reducing latency, increasing transaction throughput, lowering fees, and improving on-chain data storage efficiency on Solana Layer 1.

Additionally, Solaxy is developing a dedicated bridge UI using Hyperlane’s repository to enable cross-chain transfers between Solana, Ethereum, Base, and Solaxy, with future accessibility planned through Hyperlane’s official interface.

Solaxy’s Roadmap and Tokenomics – What to Expect from $SOLX’s Launch

Solaxy also boasts a well-structured tokenomics model, allocating 20% of supply to the treasury, 15% to marketing, 25% to rewards, 10% for exchange listings, and 30% for development. Solaxy’s roadmap unfolds into three key phases.

The foundation phase focuses on launching the $SOLX presale, introducing staking incentives for early participants, and building a strong community through targeted outreach.

The expansion phase includes the TGE, listings on both centralized and decentralized exchanges (CEX/DEX) to