Solana is trading around $170 again, showing strength as it prepares to make another attempt at all-time highs. Many traders anticipate this trend, particularly with the rise in activity in DeFi and meme coin markets.
As Solana gains momentum, projects connected to its ecosystem are also attracting attention from early-stage investors looking for high-upside opportunities.
With less than 15 days remaining in its presale, Solaxy (SOLX), a Layer-2 blockchain built to help Solana’s scaling, has already raised more than $42 million. For those betting on Solana to rally, Solaxy offers exposure to a new layer of utility that could deliver higher returns after launch.
Why Everyone’s Talking About Solaxy
Solaxy is the first-ever Layer-2 scaling solution for Solana, designed to enhance network performance by offloading transactions to its chain. The project aims to alleviate Solana’s peak network usage traffic by introducing rollups and transaction bundling, resulting in faster processing and no stalled or failed transactions.
Developers can customize and deploy dApps using modular tools optimized for performance across various verticals, from high-volume meme coin trading to advanced DeFi platforms.
The Solaxy team has revealed another major addition to the project – the upcoming launch of the Solaxy DEX. This decentralized exchange will act as the native trading hub for all tokens launched through Igniter, the project’s built-in launchpad.
Tokens that complete their bonding curve phase on Igniter will flow directly into the DEX, giving them instant liquidity and a trading venue that benefits from the high speed and low fees of Solaxy.
With Igniter launching the tokens and the DEX handling post-launch trading, Solaxy becomes a complete ecosystem for token creation, distribution, and utility. While we wait for the DEX to go live, the team has already launched the testnet block explorer, teasing what’s to come next.
SOLX Powers the Platform With Dual-Chain Functionality
At the center of the ecosystem is the SOLX token, which connects Solana and Ethereum chains. This dual-chain capacity opens the way for Ethereum’s liquidity to flow into Solana. The SOLX bridge is already live, giving people the opportunity to test everything and see the development progress with their own eyes.
Early investors can buy the SOLX token during the presale at a discounted price. However, the presale will end in less than 15 days, giving investors just a bit more time to act quickly and take advantage of this offer.
While the presale lasts, investors can stake their tokens for a dynamic yield of 95%. Once the presale ends, Solaxy will aim to list its token on exchanges.
This project has caught the attention of Borch Crypto, a popular crypto analyst and YouTube personality with close to 100,000 subscribers, and they believe it could be the next 100x Solana gem.
Solaxy Could Outperform Solana This Cycle
While Solana has netted strong gains for investors this year already, investors seeking asymmetric returns are often more interested in early-stage projects with higher price appreciation potential. For example, Solana has a market capitalization of nearly $90 billion – in order to 10x, Solana would reach a $900 billion market cap. To compare, Ethereum currently has a $300 billion market cap, making such a move by Solana very unlikely during this cycle.
On the other hand, Solaxy has a small market cap. With the current token price, the fully diluted value (FDV) of SOLX is just $240 million. If Solaxy is successful and achieves a 10x return, that would give it an FDV of $2.4 billion – a much more realistic number.
Moreover, Solaxy doesn’t want to replace Solana; it simply enhances it. If Solana does well during this cycle, Solaxy can only benefit.
With only 15 days left in the presale and over $42 million already raised, SOLX could be one of the best altcoins to own for this cycle. Interested investors can visit the official Solaxy website and use SOL, ETH, BNB, USDT, or a bank card to make the purchase.
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