Solana’s first-ever Layer-2 resolution, Solaxy (SOLX), is off to a blazing begin in its presale, elevating $3 million within the first week. The demand for the product is accelerating, with the token presale including practically $1 million every day over the previous two days.
The brand new L2 chain guarantees improved scalability, excessive community throughput and, subsequently, quick, low-cost and easy transactions.
$SOLX has already caught the eye of good cash traders, with many already calling it the subsequent 10x crypto.
New Solana ICO Goals To Resolve Scalability
In April of 2024, crypto information headlines shocked the market. Benzinga’s headlines learn, “Solana Battles Community Congestion As Meme Coin Transactions Soar”.
Solana, constructed for scalability and excessive community throughput, was dealing with congestion as a result of ongoing meme coin mania. Cryptonomist reported that Solana launched a brand new replace to enhance the congestion points.
Nonetheless, Analysis Companion at 1kxnetwork Wei Dai warns that the Solana blockchain’s tech stack is lower than the duty of coping with the upcoming meme coin supercycle. The rising transaction charges already sign rising congestion. If the development continues, the chain might see an exodus of apps and customers.
As an illustration, Solana transactions hit a brand new all-time excessive on December 18th.
Even the main US-based crypto change Coinbase is sounding the alarm. In a current X put up, Coinbase Support revealed that the delayed Solana transactions on the change could possibly be a results of “blockchain points”.
Coinbase help brokers are additionally privately speaking their considerations with the customers, calling Solana “gradual”.
Whereas SOL bulls have criticized Coinbase for intentionally pushing the Base chain on the expense of Solana, the latter’s congestion points are actually properly documented.
It’s, subsequently, no shock that new Solana ICO Solaxy – the primary Solana Layer-2 community – is seeing spectacular demand from the very begin of its presale.
Solaxy Presale Is The First Solana Layer-2 Answer
Solaxy might show to be a game-changer for the Solana ecosystem forward of the meme coin supercycle.
The brand new Layer-2 resolution capitalizes on off-chain processing to cut back the burden on SOL Layer-1. It additionally means quick and low-cost transactions on each chains.
Equally, it makes use of transaction bundling and batch processing, methods extensively utilized by Ethereum’s L2 chains like Arbitrum and Optimism. Most significantly, all of the transactions are finalized on the L1, creating no threat to Solana’s safety.
This revolutionary roll-up structure improves the person expertise of builders and traders alike. Certainly, Solaxy is totally customizable, making certain that builders can create tailor-made apps and supply peak efficiency.
The brand new Layer-2 can also be anticipated to cut back the downtime points ceaselessly related to Solana.
Is $SOLX The Subsequent 100x Crypto?
SOLX is a multi-chain meme coin, combining the Solana and Ethereum blockchains. In reality, it capitalizes on Ethereum’s safety and liquidity in addition to Solana’s improved scalability and community throughput, the right system to draw whales and retailers alike.
It’s not with none purpose that the SOLX presale has already raised over $3 million in simply the primary week, with the demand beginning to decide up tempo.
Furthermore, the brand new token’s sound fundamentals – together with community-centric tokenomics and safety audits – have additionally impressed good cash traders. Learn the venture’s whitepaper for more information.
As an illustration, there’s a separate 25% allocation for staking rewards. Early SOLX consumers can stake their cash and earn enticing passive revenue, at present at a reward fee of over 1200% APY.
Unsurprisingly, good cash traders have been fast to acknowledge the venture’s upside potential, with a number of already calling SOLX the subsequent 100x crypto.
Even a number of the extra conservative predictions expect as much as 10x returns from the brand new token.
Nonetheless, the sturdy demand implies that the presale levels are rapidly promoting out, which is pushing the Solaxy worth up. The SOLX token worth at present stands at $0.00157, with the subsequent hike scheduled for Friday. In the meantime, the dynamic staking rewards are additionally taking place with elevated demand.
consumers have a really quick window to reap the utmost returns. They’ll go to the presale web site, use the over-the-counter widget and purchase Solaxy with only a few clicks.
