Is Solaxy the Next 10x Crypto as Its Layer 2 ICO Nears $13 Million?

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The Solaxy (SOLX) token has witnessed a surge in buyer activity over the past 24 to 48 hours. This influx stems from growing awareness about Solana network congestion and vulnerabilities.

As investors look for alternatives, Solaxy emerges as a promising solution—a layer 2 blockchain built to enhance Solana’s scalability and reliability.

Recent challenges have exposed the limitations of the Solana network, including transaction delays and high fees caused by congestion. These issues, exacerbated by meme coin activity and a “Trump Official” token launch, have amplified demand for an efficient layer 2 solution.

Solaxy steps in with a mission to resolve these concerns, offering scalability, reduced downtime, and an optimized transaction experience.

Solaxy presale hits $12.8 million – Could SOLX be the next 100x crypto?

Solaxy’s rising popularity is evident from its presale performance, which has brought in $12.8 million at the time of writing. Investor interest continues to grow as Solaxy positions itself as a practical solution to challenges on the Solana network.

$SOLX tokens are priced at $0.001608 each, with flexible payment options including ETH, USDT, BNB, and card payments. For more information, investors can check out our guide on purchasing Solaxy tokens here.

The Solaxy team focuses on security and transparency. Coinsult audited the project’s smart contracts and found no issues, boosting investor confidence. Solaxy’s early focus on transparency and the strong momentum of its presale suggest it could become a must-watch project in early 2025.

The tokenomics plan balances growth and sustainability. Development receives 30% of the token supply, while 25% is reserved for early investors. The team has allocated 10% for exchange liquidity, 15% for marketing, and the remaining 20% is kept in the project’s treasury to support future growth.

Solaxy ICO $12 Million Raised

Source – Solaxy Twitter

The team has not revealed which exchanges will list $SOLX first, but trading is expected to start soon after the token generation event (TGE) at the end of the presale.

Analysts are optimistic about Solaxy’s momentum. YouTuber ClayBro suggested $SOLX could achieve 100x gains after listing, a bold claim but not impossible in the fast-moving crypto space, given Solaxy’s potential. If you want to see what the future holds for Solaxy, you can check our $SOLX price prediction guide.

Solaxy brings Solana’s first Layer 2 solution for improved scalability and performance

Layer-2 networks have changed how blockchain scalability works, especially on Ethereum. These networks run on top of a base layer (layer-1) to handle transactions off-chain and then settle them back on the main network.

This method reduces congestion, lowers costs, and still relies on the security of the main blockchain. Ethereum’s layer-2 networks, like Optimism and Arbitrum, have attracted billions in total value locked (TVL) and are widely used by developers and traders.

Solaxy plans to bring this success to Solana by introducing the chain’s first layer-2 solution. Using rollup technology, it processes transactions off-chain and batches them for settlement on Solana’s mainnet. This approach aims to reduce network congestion and lower failure rates during busy times.

Solaxy could transform Solana’s ecosystem by creating a pathway for new DApps, including AI and meme coins. Developers and traders are excited, and its Telegram group has grown to over 3,600 members, many anticipating its launch.

The $SOLX token powers Solaxy’s ecosystem, making transactions faster and cheaper by covering fees. Token holders can stake $SOLX to earn passive income, with APY rates currently around 294%.

Beyond staking, $SOLX will play a role in bridging Solana and Ethereum. Solaxy’s layer-2 blockchain offers advanced performance, efficiency, and customization while keeping the user experience smooth.

This innovation has fueled growth, with over 61,000 followers on the project’s official X account. $SOLX is also expected to provide governance rights for future protocol decisions.

While early-stage crypto projects carry risks, Solaxy’s momentum in presale and Solana’s potential rise to $300 make this layer-2 solution one to watch. To take part in the $SOLX token presale visit solaxy.io.

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