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Cryptocurrency News Articles
Solaxy (SOLX): A Layer 2 Solution Poised to Transform the Solana Ecosystem
Dec 24, 2024 at 12:24 am
This year has been huge for meme coins, with established names like DOGE and newcomers like Wall Street Pepe making waves. Experts, however, are eyeing
This year has been dominated by meme coins, with established tokens like DOGE making waves and newcomers like Wall Street Pepe joining the scene. But according to experts, Solaxy (SOLX) is the next potential 10x token to watch.
As interest in crypto resurges, meme coins are once again capturing attention. Many recall how meme coins changed lives during the 2021 bull run. Even now, with Shiba Inu trading slightly in the red at $0.00002171 per coin, investors are still keeping a close eye on meme coins like Shiba Inu.
Over the last two months, there has been a clear shift toward meme tokens, with investors searching for the next big opportunity. According to recent data, there has been a record-breaking surge in Google searches for meme coins, indicating an unprecedented level of interest in this segment of the cryptocurrency market.
While the search volumes indicate that investors are researching potential opportunities rather than making immediate purchases, the hype is palpable. And amid this buzz, one token that has managed to stand out is Solaxy (SOLX), the Solana Galaxy token.
Solaxy presale surges to $4.6 million
Solaxy’s presale is moving quickly, hitting the $4.6 million mark in just over a week. Early investors are buying SOLX tokens at a price of $0.001576 each, with the next price increase less than 24 hours away.
SOLX can be purchased using ETH, BNB, or SOL, allowing users on these major blockchains to join the presale. It is also available for purchase with a card or through the Upcoming Tokens feature in Best Wallet. For more information, check out our guide on purchasing Solaxy tokens here.
Early buyers can stake their SOLX tokens to earn rewards at an impressive rate of over 800% APY. More than 1.3 billion SOLX tokens are already locked in the staking pool, with rewards set to be distributed over three years.
According to updates from Solaxy’s X (formerly Twitter) page, 10% of the total token supply is allocated for liquidity to ensure price stability and prevent market manipulation. Coinsult audited Solaxy’s smart contract and found no centralization risks or other security threats.
As funding goals are reached, the token price will continue to increase, giving investors a limited window to acquire SOLX at its current low price.
The final presale price and launch date are still pending, with updates being shared on Solaxy’s X and Telegram channels to keep investors informed about milestones and progress.
Solaxy: A Layer 2 solution set to revolutionize the Solana ecosystem
Solana’s speed and low costs make it a top choice for high-traffic applications like meme coin launches. But as its use grows, issues like congestion, spam transactions, and failed executions have become common.
Solaxy, the first Layer 2 protocol on Solana, solves these problems by boosting scalability, increasing transaction throughput, improving reliability, and lowering fees. It acts like an express lane, allowing priority traffic to move smoothly without the delays caused by congestion on Solana’s main network.
By handling a large share of the transaction load, Solaxy reduces congestion on the Solana network, ensuring that legitimate transactions are processed quickly.
Beyond enhancing Solana’s performance, Solaxy also connects with Ethereum, combining Solana’s speed and low costs with Ethereum’s liquidity and security. Its native token, SOLX, functions across both networks, creating a seamless link between the two blockchains.
This multi-chain setup gives users access to Ethereum’s large liquidity pool while maintaining the fast and affordable transactions that make Solana attractive. Solaxy's innovations aim to make Solana more scalable, reliable, and ready for future projects choosing this blockchain for development.
With staking rewards, multi-chain access, and solutions for network challenges, Solaxy is a project to watch as it nears exchange listings. If you want to see what the future holds for Solaxy, you can check our SOLX price prediction guide.
To participate in the SOLX token presale, head over to 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!
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