Solaxy (SOLX) Prepares to Enter the Market with Its Layer 2, Designed to Provide Solana's Users with a More Reliable and Scalable Solution

This year has been excellent for Solana, which saw its token reach a new ATH at $263.83 on November 23rd and the release of pump.fun

Solana (SOL) has seen great success this year, with its native token (SOL) reaching a new all-time high (ATH) of $263.83 on November 23. Additionally, the blockchain saw the launch of pump.fun, a meme coin launchpad that has already generated over $300 million in revenue.

Despite Solana's popularity, its main blockchain still operates on Layer 1 technology, which can present challenges for meme coin traders and developers during periods of high traffic. To address this issue, Solaxy (SOLX) is preparing to introduce its Layer 2, aiming to provide a more reliable and scalable solution for Solana users.

Solaxy Set to Make High-Volume Trading Infinitely Scalable

Solana continues to rank among the top blockchains in terms of daily active users, according to Token Terminal data. However, as the blockchain ecosystem expands, it faces increasing network congestion, which can impact transaction execution reliability and often lead to trade losses for users. Furthermore, Solana experiences periods of downtime and slow transaction speeds, which can drive up transaction fees for users.

To help investors navigate these challenges and encourage meme coin developers to maintain their presence within Solana's ecosystem, Solaxy is constructing a Layer 2 network to reduce the data burden on Solana's Layer 1.

Solana faces issues that Solaxy intends to resolve with a system called rollups, which will bundle multiple transactions into a single package before they are processed by Solana's main chain. By doing so, the processing burden is alleviated from Solana's main chain, resulting in faster transaction speeds.

Moreover, transaction settlement will occur on Solana's main chain, ensuring that users of Solaxy's Layer 2 still benefit from Solana's robust security.

As Solaxy focuses on enhancing the user experience on Solana, Pepe Unchained (PEPU) has already completed its presale stage and launched its Layer 2 network built on Ethereum. While the token has seen a correction since then, it soared by over 600% within 48 hours of its launch, setting the stage for upcoming Layer 2 projects like Solaxy.

Crypto Expert Highlights Solaxy's Security and Community Growth

Despite being centered around a meme coin, SOLX, whose mascot combines the legendary Pepe meme with Albert Einstein, the project is aiming to achieve significant improvements in Solana's transaction speeds.

As a result, the strength and trust within its community, which meme coin projects often build through marketing and security updates, will likely play a crucial role in determining SOLX's success. With 15% of its total token supply of 138 billion reserved for marketing, SOLX has already managed to garner over 10,000 followers across its X (Twitter) and Telegram channels, just five days into its presale.

In terms of security, the project is prioritizing the promotion of a safer trading environment with 10% of its total token supply allocated for liquidity, reducing the potential for market manipulation and minimizing slippage.

Furthermore, Solaxy's smart contract has been audited by Coinsult, which found no centralization risks or other threats to investor security.

A crypto expert with over 50,000 followers on YouTube, known as Stock Investor, is impressed by the project's scope and dedication to investor safety.

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After reading through the project's audit, he advises his audience to consider Solaxy while its presale is still in its early stages.

SOLX Presale Gains Steam as Investors Rush to Stake Their Tokens – Here’s How to Join

Currently, investors can purchase SOLX for $0.00156 each using ETH, BNB, USDT, or a credit/debit card. There is no minimum investment requirement, making the presale accessible to both large-scale and casual investors.

Launched on December 12th, the presale has already seen over $662,000 raised, with the first quarter of a million being raised within 48 hours.

With the project's staking APY currently at 2778%, over 414 million SOLX have already been added to the staking pool, which is to be expected.

Further analysis of the project's tokenomics reveals that 25% of the total token supply is reserved to reward the project's early supporters, with more details to be announced later on, besides the massive staking rewards.

According to the project's roadmap, Solaxy aims to raise funds in the first stage, launch the token in the second stage, and deploy the Solaxy Layer 2 in the third stage. The fourth and final stage will see the expansion of its ecosystem as SOLX's developers aim for long-term