Solaxy (SOLX) Presale Nears $29M Mark as Prominent Analysts Call It the Next 10x Crypto

The cryptocurrency market is facing significant selling pressure, owing to the worsening macroeconomic outlook and US President Donald Trump's volatile tariff policy.

The cryptocurrency market has been facing significant selling pressure in 2024 due to the worsening macroeconomic outlook and US President Donald Trump’s volatile tariff policy.

However, several prominent analysts remain convinced that the bull market isn’t over and prices will see a sharp rebound in the second quarter. The latest crypto crash is, therefore, just another opportunity to buy the dip.

Indeed, the broader market bearishness hasn’t slowed down the demand for high upside projects.

For instance, a new popular Solana layer-2 coin, Solaxy (SOLX), continues to see strong whale interest and is nearing the $29 million mark in its presale, a sign of high investor confidence.

Several prominent analysts are even calling it the next 10x crypto.

Solaxy — The First Solana Layer-2 Project

Solaxy is a zero-knowledge rollup designed to tackle the network congestion on Solana during periods of heavy traffic.

The Layer-2 chain seeks to improve Solana’s network throughput, increase its scalability and achieve low-latency transactions on both networks, irrespective of the demand.

Solana is no stranger to Layer-2s, considering it has typically facilitated quick transactions at low costs. But the relentless demand for meme coins has shifted the landscape.

Nearly 75% of SOL transactions were failing at one point during the 2024 meme coin mania. Despite upgrades to the Solana network, the chain faced similar congestion issues following Donald and Melania Trump’s meme coin launch.

The next meme coin bull market is now on the horizon. The “trenches” are heating up, and early meme coin investors are turning their fortunes overnight with SOL-based projects like Morning Routine (ROUTINE) and Ghiblification (GHIBLI).

Solaxy’s cutting-edge Layer-2 architecture can significantly improve Solana’s scalability ahead of the next meme coin season.

The project’s scaling solution includes zero-knowledge proofs, a deterministic sequencer, a robust state transition function and data availability tools like Celestia, providing the ideal blend of performance and security.

Moreover, Solaxy has partnered with Hyperlane to create a bridging infrastructure, aiming for maximum interoperability between Solaxy, Ethereum, Solana and other top Layer-1s. Check out the latest developer updates for more information on Solaxy’s Layer-2 architecture.

🔥 Solaxy Dev Update 🔥

We're excited to share some significant updates today, with a primary focus on cutting-edge TPS and data throughput enhancments:

🛸 Soft Confirmations 🛸

We've seamlessly integrated a new sequencer implementation from the Sovereign SDK. Enjoy blazing fast confirmations as transactions are quickly acknowledged and throughput is massively increased.

We're also leveraging Hyperlane for seamless cross-chain communication, connecting major blockchains like Ethereum, Solana, and others. Expect seamless token transfers and interoperability.

Stay tuned for more updates as we continue to push the boundaries of blockchain technology. #crypto #layer2 #DeFi #web3 #cryptocommunity Last one was a hit, so let's keep the momentum going! We're making substantial progress in scaling up the Solaxy network to handle even greater demands. Today's update highlights some key milestones and partnerships that will propel us forward.

Firstly, we're pleased to announce the integration of a new sequencer implementation from the Sovereign SDK. This addition will introduce "soft confirmations," enabling transactions to be acknowledged and included in the network significantly faster.

Furthermore, we're excited to report that we've completed the integration with Hyperlane for cross-chain communication. This partnership will facilitate seamless token transfers and interoperability between Solaxy, Ethereum, Solana, and other major Layer-1s.

As we continue developing the Solaxy Layer-2, we're also engaging with major crypto wallets to ensure a seamless experience for Solaxy users. In addition, we're collaborating with various initiatives to support token launches on the Solaxy chain. Soon, you'll find the next 10x and 100x gems launching on Solaxy.

For more information on Solaxy's Layer-2 architecture, be sure to follow the latest developer updates and join our community channels.

Website: https://solaxy.io

Telegram: t.me/solaxyofficial

X: https://twitter.com/SolaxyOfficial

#Solaxy #Layer2 #Solana #crypto

Developers have announced strategic partnerships with all major crypto wallets, ensuring a smooth experience for Solaxy users. Additionally, the project is collaborating with various initiatives to support token launches on its platform.

Soon, users may find the next 10x and 100x cryptos on Solaxy.

Will SOLX Secure Tier-1 Listings?

Besides prominent analysts, the top US-based crypto exchange, Coinbase (NASDAQ