The Solaxy (SOLX) token presale is selling like hotcakes, raising $2.2 million in just its first four days

The Solaxy (SOLX) token presale is selling like hotcakes, raising $2.2 million in just its first four days at a run rate exceeding $500k a day.

The Solaxy (SOLX) token presale is selling hot, having raised $2.2 million in just four days at a run rate exceeding $500k a day.

Solaxy is building a Solana Layer 2 protocol that bears down on the congestion and failed transactions impacting the performance of one of the largest blockchains in the industry. Investors like what they see.

Soon, thanks to Solaxy, the issues that are limiting Solana’s ability to fully realize its scalability potential could be a thing of the past.

$SOLX token is in the ninth stage of its presale, priced at $0.001566. The presale’s starting price was $0.001. The next price stage kicks in when the fundraising total hits $2,590,379, at which point the $SOLX price rises to $0.001562.

Interested prospective buyers will need to expedite their due diligence to capture what could be the lowest-ever price for a $SOLX token.

Use Best Wallet To Buy And Stake $SOLX

Helping to turbocharge the $SOLX fundraise is the Best Wallet community, fresh from playing no small part in raising $74 million for the Pepu Unchained project, which has gone on to provide handsome profits for its presale investors.

Best Wallet has an innovative Upcoming Tokens feature that enables investors to quickly find opportunities to buy new promising coins early to maximize profits.

You can easily and securely buy and stake $SOLX through Best Wallet. Because of Solaxy’s partnership with Best Wallet, buyers using the app will see their tokens appear there before the official claim date, making it even more convenient for investors.

Start staking today and you can earn 1,523% per annum rewards. Bear in mind though that the yield is calculated dynamically, reducing as more $SOLX is deposited into the staking pool. At the time of writing, 755.4k $SOLX was staked.

Solaxy Taps Into The Value Of Crypto’s Biggest Blockchains: Solana And Ethereum

Solaxy is a multi-chain Layer 2 that brings out the best in Solana and Ethereum, the two most valuable blockchains in crypto, measured by total value locked.

Ethereum is by far and away the most valuable chain for decentralized finance (DeFi), but it is Solana that has been exploding in transactional terms, on the back of its popularity as the preeminent platform for launching and trading meme coins.

Still, Solana is rising up the leaderboard when it comes to DeFi too, now in second place behind Ethereum.

According to data site DeFiLlama, Ethereum has a total value locked of $76.8 billion, way ahead of the competition, while Solana, in second spot, has $9.2 billion locked.

By bridging the two most used and valuable blockchains, Solaxy leverages the best of both worlds, enhancing the speed and cost advantage of Solana and the liquidity and security of Ethereum. There really is nothing else like the Solaxy crypto token on the market today.

Solaxy Is A Game-Changing Solution For Solana Congestion

Congestion is, without doubt, a serious problem for Solana, as its transaction volumes continue to explode.

According to DappRadar the number of transactions over the past seven days is 176 million, defined as the number of transactions on the chain inside a decentralized application’s (DApp) smart contract or address that DappRadar is tracking over a period of time.

Meme coins are the main driver of Solana’s transaction growth. Bots send spam transactions to the network in the hope of getting into blocks, but the majority of the transactions end up unexecuted, wasting valuable network resources.

Failed transactions are another problematic issue. Up to 25% of transactions fail on the Solana network. At one stage as many as 70% of non-vote transactions were failing. On December 17, Dune Analytics measured failed non-voting transactions at 40.5% of the total.

Although Solana developers have a roadmap of fixes to implement to improve performance, Layer 2s offer the more reliable route to achieving scale and overcoming the downsides of failed transactions and chain congestion.

Layer 2 chains like Solaxy work by batching transactions off the Layer 1 main chain and then settling on there at a later date by making one call instead of lots of computationally costly and time-consuming calls for each individual transaction.

In effect then, Solaxy is a new execution or application layer for Solana that treats the main chain as the base settlement layer. Solaxy will be able to support the development of all sorts of applications, in addition, of course, to meme coins.

Because the $SOLX token is multi-chain it taps into the activity that is already thriving on both the Ethereum and Solana chains, which means a flood of liquidity will potentially