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Cryptocurrency News Articles
Solaxy ($SOLX) – the world’s first Solana layer 2 blockchain – is now available at a ground-floor price
Dec 15, 2024 at 05:02 pm
Ethereum is expensive, Solana is congested – enter Solaxy ($SOLX), the world's first Solana layer 2 blockchain. It's offering an improved user experience
Solana is currently the fourth-largest cryptocurrency by market capitalization, largely thanks to its heightened transactional capabilities over Ethereum.
Priced at $106 at the time of writing, Solana boasts the capacity to process up to 65,000 transactions per second (TPS), while Ethereum can only handle around 15 TPS.
However, despite being theoretically capable of handling such high volumes, Solana has shown signs of struggling to keep up with demand at times.
This is especially true considering high-volume meme coin trading has shown dents in Solana’s armor.
In fact, even on a blockchain that is capable of 65,000 TPS, there sometimes isn’t enough computing power to process all transactions.
This leads to slower speeds, failed transactions, and scalability limitations, which ultimately hinder the development of more advanced applications on the Solana blockchain.
Solana is regarded as one of the fastest and most scalable blockchains, but it isn’t perfect. In fact, it even earned a reputation for network outages during the last market cycle.
So say hello to Solaxy, the first layer 2 blockchain that handles some of Solana’s workload with faster speeds, lower fees, and no downtime.
Solaxy will bundle transactions off the main network, boosting the Solana ecosystem’s throughput to levels beyond what is currently available anywhere else.
Solana has more users than any other blockchain
Solaxy has a serious advantage in its presale efforts because it holds clear value to crypto’s most active community.
In the past 24 hours, the Solana blockchain has recorded 267 million on-chain transactions, the highest number on record.
At the same time, Token Terminal data shows that Solana dominates every other blockchain in terms of daily active users.
Over the past 24 hours, the Solana blockchain has recorded over 4.1 million users, while the next closest blockchain has only recorded 1.1 million users.
This trend shows no signs of slowing down, as Solana’s total value locked (TVL) has increased by 25% in the past month and now sits at $9.1 billion, closing in on its 2021 bull market peak.
By all metrics, Solana is thriving. With that in mind, Solaxy is launching at the ideal time.
As Solana adoption continues to grow, the need for a layer 2 blockchain that processes transactions smoothly will only grow stronger.
Solaxy is filling that gap, and the presale offers forward-thinking investors the opportunity to capitalize from the beginning.
Ethereum layer 2 blockchain just 10x’d after the presale – is Solaxy next?
An Ethereum layer 2 blockchain called Pepe Unchained just broke records by raising $37 million in its presale and then exploding 500% after launching on the open market.
For investors who bought at the beginning of the presale, that provided them with 10x gains. The gains were realized over just two days of trading.
The success of this Ethereum-based layer 2 serves as a reminder for prospective Solaxy investors of the vast market appeal for cheaper and faster transactions.
Buy $SOLX now for the best price – 2 days left
The Solaxy presale price will increase in just two days. Prospective buyers have limited time left to secure the best price.
You can buy the presale by visiting the Solaxy website, connecting your wallet, choosing the amount of $SOLX you want to buy and the crypto you want to pay with.
The presale accepts ETH, USDT, bank card, and BNB payments.
Solaxy has been audited by Coinsult, which found no issues with the project’s code.
Follow Solaxy on X or join its Telegram for the latest updates.
Visit Solaxy Presale
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
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