New Solana Layer 2 ICO Solaxy Raises $750K In First 72 Hours

New Solana Layer 2 ICO Solaxy ($SOLX) exploded on launch, surging previous $750K in funds raised in simply its first 72 hours.

Solaxy is the first-ever Solana Layer 2 protocol, and buyers are closely backing the concept of a Solana token that removes the ache factors of congestion, failed transactions, and scalability limitations.

$SOLX is within the fifth stage of its presale, priced at $0.00156. The presale preliminary provide value was $0.001. The subsequent value stage kicks in when the fundraising complete hits $860,311, at which level the worth rises to $0.001562.

Presale patrons want to maneuver quick to get the bottom costs. They’ll additionally benefit from token staking to earn 2,778% each year rewards. The return is calculated dynamically so reduces as extra $SOLX is deposited into the staking contract. At press time, 414,097 $SOLX had already been staked.

Solaxy Token Presale Provides A Repair For Solana, A Sufferer Of Its Personal Success

In some ways, Solana has develop into a sufferer of its personal success. In 2024, Solana grew to become the platform of alternative for the launch of meme cash due to its superior structure to Ethereum by way of transaction throughput and decrease prices – Solana is quicker and cheaper than Ethereum. 

Nonetheless, Solana has run into issues as a result of actually 1000’s of meme cash are being launched on the chain every single day, because of the success of no-code launchers like Pump.enjoyable.

Solaxy doesn’t simply resolve Solana’s issues; it’s a multi-chain beast that bridges Ethereum and Solana, the 2 strongest and widespread blockchains within the crypto business.

As the primary Solana Layer 2 in existence, Solaxy token is approach forward of the curve. Solaxy selected Solana as a result of it acknowledges its sturdy energy and seeks to unlock its full potential. 

Multi-Chain SOLX Brings The Finest Of Solana And Ethereum 

Solaxy isn’t merely constructing one more software on prime of Solana; Solaxy token is a model new software layer for Solana, with the additional advantage of not simply quicker speeds and decrease charges however the capacity to leverage the liquidity and safety of the Ethereum DeFi ecosystem.

In a nutshell, then, Solaxy takes what’s greatest about Solana and enhances it in methods not beforehand seen. Ethereum is the undisputed primary industrial rail of the crypto world, commanding by far essentially the most DeFi and different industrial exercise.

The native token of the Solaxy community – $SOLX – is multi-chain so it pulls exercise and patrons from each the Ethereum and Solana chains and a path of entry into each blockchain ecosystems. There may be nothing else like $SOLX out there as we speak.

Layer 2s have grown in significance on Ethereum regardless of the upgrades that builders have been implementing because the transfer from proof of labor to proof of take. 

Nonetheless, the adjustments have but to substantively impression scaling. Nonetheless, successive enhancements have now made it simpler to construct Layer 2s on Ethereum, which has had a unfavourable impact on Layer 1 by decreasing its price income.

Though removed from being the ‘Ethereum killer’ some might have hoped, Solana has nonetheless made spectacular headway in opposition to the backdrop of Ethereum’s scaling and price points. But, as talked about, Solana has its personal points too.

Spam Transactions Plague Solana And Solaxy Provides A Repair

Congestion is the principle efficiency concern Solana contends with, and it takes many kinds. Meme coin issuance is the key offender, resulting in a surge in so-called spam transactions. 

Spam transactions are sometimes despatched by bots as they try and get into blocks by way of the shortest queues, with nearly all of the transactions ending up unexecuted. 

Meme cash are accountable for most of this spam however there has additionally been spamming related to purposes like ORE – a sport that mimics proof-of-work mining to ship out airdrops. At one level this yr 16% of the Solana network was being utilized by ORE gamers.

Failed transactions are additionally an enormous drawback. As much as 25% of transactions fail on the Solana community. At one stage as many as 70% of non-vote transactions were failing. 

Solana builders are engaged on fixes. QUIC protocol, as an example, has improved reliability and the forthcoming Firedancer improve from Bounce Crypto guarantees to significantly enhance real-world transactions per second.

Nonetheless, as with Ethereum, these adjustments is not going to negate the necessity for Layer 2s. Quite the opposite, they draw consideration to Layer 2s as a extra quick and dependable solution to implement scaling options – all roads result in Solaxy.

Solaxy Token: Doubtlessly The Subsequent $1 Billion Layer 2, And A Bridge To DeFi’s Future

Ethereum Layer 2s are huge enterprise. The highest Ethereum Layer 2s all have market capitalizations in extra of $1 billion, akin to Mantle ($4.1 billion), Arbiturm ($4 billion), Optimism ($3.3 billion), and Polygon ($1.1 billion).

Solaxy’s market-leading place as the one Solana Layer 2 makes it well-placed to be the subsequent $1 billion market cap Layer 2, however with multi-chain compatibility throughout Solana and Ethereum, thereby extending and amplifying its use case proposition. 

On this sense, Solaxy is not only a bridge between the 2 Most worthy Layer 1 blockchains – it’s a bridge to the way forward for DeFi, the place Etherum’s deep liquidity meets the pace and cost-efficiency of Solaxy’s Solana Layer 2.

The $SOLX token presale permits events to buy as we speak earlier than the asset begins buying and selling on the open market. 

The most recent YouTube video from the crypto skilled at extremely regarded crypto information and training web site 99bitcoins is bullish on Solaxy. You will discover the Solaxy protection at 5:29 within the video under:

Right here’s How To Purchase $SOLX Token In The Solaxy Crypto Presale

To purchase $SOLX token, join your crypto pockets and ensure it’s funded with both BNB, ETH or SOL. These three tokens are the native property of the three most lively chains within the crypto world. 

Presale contributors may buy $SOLX token with a card or within the ‘Upcoming Tokens’ part of the revolutionary and easy-to-use Web3 crypto pockets Best Wallet. If you happen to purchase utilizing Finest Pockets your tokens will seem within the pockets forward of the official declare date/time.

Because the altcoin season approaches, savvy buyers are on the lookout for cash that provide differential worth by bettering on current merchandise and aiming for mass adoption.

Solaxy suits the invoice completely by offering builders and customers with a platform to harness Solana’s strengths whereas overcoming its limitations. 

Due to Solaxy, the holy grail of fixing the crypto trilemma by concurrently reaching blockchain safety, scalability, and decentralization is arguably now upon us. 

Solaxy makes it simpler to construct, deploy, and work together with decentralized purposes with out compromising efficiency – that would make it among the best worth propositions in crypto proper now.

Maintain updated with Solaxy by becoming a member of its neighborhood on Telegram or X.

Visit the Solaxy crypto presale website