Solaxy (SOLX) Presale Raises Over $30 Million Ahead of Network Launch

As market sentiment remains gripped by fear, many investors are retreating to the sidelines, waiting for a clearer direction. With volatility and uncertainty hanging in the air, the spotlight is shifting away from meme coins and toward utility tokens

As market sentiment remains gripped by fear, many investors are retreating to the sidelines, waiting for a clearer direction.

With volatility and uncertainty hanging in the air, the spotlight is shifting away from meme coins and toward utility tokens – projects perceived to offer real-world use cases and long-term viability.

One token that’s gaining steam during these uneasy times is Solaxy (SOLX). Currently in its ICO phase, Solaxy has already raised over $30.4 million, making it one of the standout presales in a largely cautious market.

This momentum is a strong signal of investor confidence, particularly when most are hesitant to take risks.

Solaxy is making Solana better. Solana is quick but can become slow when lots of people use it, like traffic in rush hour. Solaxy works with Solana as a Layer-2 tool; it doesn’t replace it.

It handles lots of transactions outside Solana’s main network, bundles them together, then sends back the final result. This off-chain process gives Solaxy an edge.

Imagine trading a new meme coin – every buy, sell, or swap happens immediately without any delay. Or consider a blockchain game where every action feels fast and smooth.

It also provides developers with easy-to-use tools for building new dApps. These tools work together seamlessly to make it faster to create DeFi platforms, NFT marketplaces, and more.

The aim is to make Solana even more accessible and enjoyable for everyone. Another key aspect is Solaxy’s cross-chain support. It connects Solana with Ethereum, enabling users to transfer assets between the two chains.

The team is continually working to improve and optimize Solaxy, aiming to make it the fastest and smoothest Layer-2 scaling solution.

Recently, Solaxy shared some key updates on its progress. The Solaxy Block Explorer will officially launch on April 19.

For data availability, recent tests on the mainnet show the network can achieve a throughput of 140KB per second with the right setup. This will help process data faster and provide a better experience for users. They also made some small changes and additions to the CLI interface.

To improve rollup performance, the team is working toward a goal of 10,000 transactions per second. For bridging, they completed the addition of proper CORS support to the SDK.

Developers are also fixing an issue where the rollup doesn’t fully match how the Solana Layer 1 user interfaces expect it to behave. These changes will further enhance Solaxy’s stability and ease of use. The team teased that more major updates are on the way.

Solaxy’s ongoing presale is among the fastest-growing in crypto and has been an outstanding success from the start. It reached $1 million in the first 24 hours and $2 million in just a few days.

So far, the presale has secured $30.4 million, making it one of Solana’s top ICOs. The presale is divided into stages, with each stage featuring a price increase for the token.

It is currently available for investment at $0.1696. However, this rate will change as the next stage begins in less than an hour.

Investors can buy $SOLX using cryptocurrencies like USDT, SOL, ETH, BNB, and USDC, or they can opt for fiat payment methods through a card or the Best Wallet app for purchasing the token.

Another factor that makes Solaxy a promising crypto launch is its reward distribution. Investors are eager to claim their share of the rewards while the opportunity is still open.

Solaxy will allocate 25% of the total token supply to reward early participants and those who contribute to the ecosystem. Historical data shows that those who invest early in promising projects tend to reap the biggest rewards.

Moreover, Solaxty offers an attractive staking program, allowing users to earn passive income. To date, over 8.6 billion $SOLX have been staked.

The staking rewards come with a 133% APY and will be distributed over three years. As Solaxy prepares for its mainnet launch, investors are eagerly anticipating the next stage of this groundbreaking project.