Solaxy ($SOLX): Solana's First Layer 2 Solution Raises $2.8 Million in Presale as Bitcoin and Ethereum Soar to New All-Time Highs

Crypto whales are eyeing this innovative project as it addresses Solana's congestion and scalability challenges.

As Bitcoin ($BTC) and Ethereum ($ETH) continue their record-breaking ascent, reaching all-time highs of $107,000 and $4,000 respectively, a new project is making waves in the crypto world. Solaxy ($SOLX), Solana's first Layer 2 solution, has already raised $2.8 million in its presale, attracting the attention of crypto whales.

The crypto market is experiencing a surge in activity, with Bitcoin's all-time high breaking barriers and setting the stage for a December to remember. Ethereum is also not far behind, crossing the $4,000 mark to signal the bullish sentiment gripping the market.

The broader market is also showing strong gains, with the total crypto market cap approaching $4 trillion. While established coins like Bitcoin and Ethereum dominate the headlines, experienced investors are always on the lookout for the next big opportunity—projects that promise exponential returns.

Enter Solaxy ($SOLX), Solana's first-ever Layer 2 protocol. With its presale already raising over $2.8 million in record time, Solaxy is quickly becoming the top choice for investors looking to secure gains in this altcoin season.

Solaxy: Revolutionizing Solana with Layer 2 Innovation

As Solana gains traction as a high-performance Layer 1 blockchain, it also faces challenges such as network congestion, spam transactions, and scalability limitations. These issues have highlighted the need for a Layer 2 solution to unlock Solana's full potential.

Solaxy addresses these pain points by introducing a groundbreaking protocol that processes transactions off-chain, bundles them, and settles them on Solana's mainnet. This approach reduces congestion, enhances transaction speed, and lowers user fees.

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But Solaxy doesn't stop at improving Solana's network; it also bridges the gap between Solana and Ethereum, leveraging Ethereum's liquidity and security while maintaining Solana's speed and cost efficiency. This multi-chain compatibility positions Solaxy as a robust solution for both developers and investors.

Solaxy's Features: A Game-Changer for Solana

Solaxy offers a suite of features designed to address Solana's limitations and elevate its ecosystem:

– Enhanced Scalability: Solaxy offloads transaction processing from Solana's mainnet, significantly improving throughput.

– Lower Fees: By reducing network congestion, Solaxy ensures cost-efficient transactions.

– Developer-Friendly Tools: Modular toolkits allow developers to create and deploy dApps easily.

– Staking Rewards: Investors can stake their $SOLX tokens for an APY of up to 1,680%, rewarding early adopters and fostering long-term engagement.

Why Solaxy Stands Out in the Layer 2 Space

The rise of Ethereum Layer 2 solutions like Arbitrum and Optimism, with market caps exceeding $3 billion, highlights the growing demand for scalable blockchain protocols. Solaxy, as Solana's first Layer 2 solution, is uniquely positioned to replicate this success.

Solana's Congestion Woes

Solana's rapid adoption has brought challenges. The network's popularity, especially among meme coin projects, has led to significant congestion and spam transactions, with up to 25% of transactions failing during peak times.

Solaxy acts as an “express lane” for Solana, ensuring that legitimate transactions are processed quickly and efficiently. By alleviating congestion, Solaxy creates a more reliable and scalable environment for developers and users.

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Solaxy's ability to connect with Ethereum further expands its use case, attracting investors from both ecosystems. This dual compatibility enhances liquidity and broadens its appeal, making it a standout project in the blockchain space.

The $SOLX Token: Driving Solaxy's Ecosystem

The native token of the Solaxy network, $SOLX, is integral to its functionality. Its tokenomics ensure sustainability and growth, with allocations for development, staking rewards, and liquidity.

– 30% Development: Funds allocated to enhance the platform.

– 25% Staking Rewards: Incentives for early adopters.

– 20% Treasury: Reserved for long-term stability.

– 15% Marketing: Driving awareness and adoption.

– 10% Liquidity: Ensuring smooth trading on exchanges.

Already, over 250 million $SOLX tokens have been staked, reflecting strong community support and investor confidence.

Presale Momentum and Staking Benefits

Solaxy's presale has been a resounding success, raising $2.8 million in just a few days. Early participants benefit from discounted prices and the opportunity to stake their tokens for substantial rewards.

How to Buy $SOLX

Alternatively, use Best Wallet for a seamless experience. Navigate to the “Upcoming Tokens” section to purchase $SOLX directly within