Solaxy News: How to Buy Solaxy and Is It A Good Investment?

Solaxy ($SOLX) recognizes the need for continuous improvement in blockchain technology and introduces the first-ever Layer-2 solution for Solana. Even though it’s still in presale, the project has attracted significant attention thanks to its innovative approach to boosting network efficiency.

At the same time, another Layer-2 project is capturing whale interest with its potential to upgrade Bitcoin’s underdeveloped network. StratoVM (SVM) grew 6,588% in the last month, proving to be a project worth watching as it brings smart contracts and DeFi capabilities to Bitcoin.

Let’s check out the details.

Solaxy ($SOLX) Presale is Building Momentum: Here’s How to Buy It

Solaxy ($SOLX) is the first Layer-2 solution for Solana, built to improve speed, scalability, and overall network efficiency. It processes transactions separately from the mainnet, preventing congestion while preserving security and decentralization.

If you’re looking to invest in its presale, follow these steps:

Step 1: Set Up a Crypto Wallet

To buy $SOLX, you’ll need a wallet that supports both Ethereum (ERC-20) and Solana (SPL) tokens. Best Wallet is a great choice, as it supports over 60 blockchains and has an integrated fiat-to-crypto onramp.

1. Download Best Wallet from Google Play or the Apple App Store.
2. Open the app, create an account, and verify your email and phone number.
3. Set up a passcode and enable biometric authentication for security.

Step 2: Buy ETH or USDT

Solaxy presale requires ETH or USDT for purchases. You can buy these directly in Best Wallet using a credit card, debit card, or Google/Apple Pay.

• Tap ‘Buy’ in Best Wallet, choose ETH or USDT, and complete the transaction.
• If using another wallet, buy ETH or USDT on an exchange like Binance or Coinbase, then transfer it to your wallet.

Step 3: Connect to the Solaxy Presale

1. Visit the official Solaxy presale website.
2. Click ‘Connect Wallet’ and choose your wallet.
3. Follow the prompts to authorize the connection.

Step 4: Buy $SOLX

1. Enter the amount of ETH or USDT you want to swap for $SOLX.
2. Review the transaction, including gas fees.
3. Click ‘Buy $SOLX’ to complete your purchase.

While Solaxy presents an interesting opportunity, it remains a high-risk investment, as most presale tokens do. The project’s success will ultimately depend on adoption, technological execution, and continued developer support.

For those seeking more established Layer-2 solutions, StratoVM (SVM) offers a compelling alternative. It integrates smart contracts and DeFi functionality into Bitcoin’s network, addressing key scalability and efficiency challenges.

StratoVM (SVM) is Expanding Bitcoin’s Capabilities – Can This Layer-2 Project Change BTCFi Forever?

StratoVM ($SVM) grew 6,588% in the last 30 days, climbing to $0.182 as the community takes notice.

As a Layer-2 solution for Bitcoin, it aims to tackle some of the network’s biggest challenges, including slow transactions, high fees, and the absence of smart contract functionality.

SVM 1-month price chart, Source: CoinGecko

Its Ethereum Virtual Machine (EVM) compatibility allows developers to bring decentralized applications (dApps) and DeFi protocols to Bitcoin, significantly expanding its use cases and unlocking new opportunities for innovation.

With a market capitalization of $25 million, StratoVM remains relatively small compared to projects like CoreDAO, which boasts a $990 million valuation. This disparity suggests room for growth if adoption continues at its current pace.

The project is currently available on Uniswap and listed on CoinGecko, improving accessibility for all interested in this project. On top of it, StratoVM officially launched on Solana today, marking a significant milestone that adds to the project’s momentum.

The testnet activity is already showing strong traction, with over 113,000 wallet addresses created and daily transaction volume exceeding 56,000.

StratoVM’s list of partnerships

StratoVM is emerging at a time when Bitcoin Finance (BTCFi) is seeing explosive growth. According to DeFiLlama, the total value locked in BTCFi has jumped from $307 million to $5.85 billion in just one year, highlighting the increasing demand for Bitcoin-based DeFi solutions.

To support its scalability goals, this project integrates a customized version of Optimism’s OP Stack to enhance transaction speeds while preserving decentralization. Additionally, Celestia is utilized for secure, low-cost data storage while ensuring transaction records remain anchored to Bitcoin’s blockchain.

With its mainnet launch approaching and speculation growing around potential centralized exchange (CEX) listings, StratoVM is well-positioned to make an impact.

The project has secured over 50 strategic partnerships and built a strong community of nearly 130,000 followers across X, Telegram, and Discord – making it worth keeping a close eye on in the following weeks.

The Verdict

Solaxy ($SOLX) is gaining traction as the first Layer-2 solution for Solana, aiming to improve scalability and efficiency. While its presale presents an opportunity, its long-term success seems highly uncertain.

Meanwhile, StratoVM ($SVM) could make a strong case for itself in the BTCFi sector, as it grew 6,588% in a month. Its capability to deliver smart contracts and DeFi to Bitcoin holds transformative power for the network.

This article does not offer financial advice. Cryptocurrencies can be unpredictable and carry risks. It is important to conduct thorough research before acquiring any crypto asset. Forward-looking statements carry risks and are not guaranteed to be updated.