Solaxy ($SOLX) has just broken new ground as the first Solana presale to raise $30 million.
It’s raising funds to build the first-ever Solana layer 2 blockchain – and investors are showing tons of interest. As Solana hovers around $130, investors exhibit renewed optimism, with multiple ecosystem tokens booming this week.
However, Solaxy’s goal of solving Solana’s congestion issue is proving a fan favorite, reflected by the strong presale momentum.
The current $SOLX presale price is $0.001694, but this will rise throughout the ICO, with the next uptick in under one day.
Next 10X Crypto? Solaxy presale displays immense strength
Momentum is a clear indicator of potential in crypto, especially when it comes to early-stage presales.
It shows that there’s real market appeal, indicating that buyers will contiune joining the project once it lists on exchanges.
And when it comes to presale momentum, Solana is miles ahead of other new projects.
It’s the largest presale to ever take place on Solana – and it’s raising funds at a time when Solana sits 54% below its all-time high (ATH). As $SOL begins to climb higher and traders become more bullish, there’s massive potential for Solaxy to grow.
And it isn’t just everyday investors backing Solaxy. Top industry experts are also tipping it for growth. Popular analyst ClayBro told his 136K YouTube subscribers that Solaxy is “the biggest layer 2 blockchain” and that it holds 10x potential.
Neutralizing Solana’s pain points with L2 rollup technology
Solaxy is taking a leaf out of Ethereum’s book to slash fees and increase scalability.
The Ethereum ecosystem went from transaction fees which could extend well above $100 in 2021, to less than $1 today.
It’s thanks to its integration of layer 2 blockchains that handle some of the main network’s workload.
But given that Solana is already cheap, with fees ranging from a few cents to a couple of dollars, Solaxy could bring fees down to near-zero.
Yet, it isn’t just about cheaper fees. The project’s real goal is to tackle Solana’s congestion issue.
Congestion arises in times of peak network activity and causes longer wait times and more transaction failures.
Solaxy will make things run more smoothly. It uses off-chain computation and transaction bundling technology to increase Solana’s scalability and neutralize this issue. This will open Solana to new levels of adoption and use cases which were previously unheard of.
Something else which investors are excited about is Solaxy’s cross-chain functionality. The $SOLX token is available on both the Ethereum and Solana blockchains, creating a bridge between these two powerhouse networks.
Solana leads the market in on-chain activity, with 74 million users this month. Meanwhile, Ethereum leads the way in DeFi total value locked (TVL) with $54 billion of liquidity stored in its apps.
With exposure to Solana’s user base and Ethereum’s DeFi infrastructure, Solaxy has the best of both worlds.
Last chance to buy $SOLX presale before next price increase
Solaxy stands out from other crypto presales with its ambitious plans to revolutionize one of the most prominent blockchain ecosystems.
It’s a setup, that, if achieved, will draw immense demand to the Solaxy chain and token. Indeed, this would be highly beneficial for $SOLX presale investors who get in at a ground-floor price.
But with price hikes occurring throughout the presale, now is the time to act for those yet to buy.
Investors can also stake their $SOLX while the presale is ongoing and currently earn a 135% APY. However, the staking APY will gradually decrease as the staking pool grows.
It’s also worth mentioning that Solaxy has received a smart contract audit from Coinsult, which found no issues with its code. This negates much of the risk that comes with investing in new projects, providing investors peace of mind.
With Solaxy breaking new ground as the first Solana presale to raise $30 million, the project clearly has investors’ attention. So factoring in its robust use case and analyst support, it becomes clear that Solaxy could be building something big.
Follow the project on X or join its Telegram for updates. Alternatively, visit its website to buy and stake tokens.
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Editor-in-Chief of CoinCentral and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@coincentral.com
