Solaxy ($SOLX) has entered the final 10 days of its presale with over $44 million raised – and excitement is building fast.
The project is creating the world’s first Solana layer 2 blockchain. This could have a serious impact on the ecosystem’s future trajectory and also ensure its long-term growth.
Top traders are backing $SOLX for huge gains, and there’s even some chatter about a 1,000x rally once it hits exchanges. Is that a far-flung dream or a real possibility?
Solaxy aims to tackle Solana’s congestion issue, which leads to longer wait times and increased rates of transaction failures during periods of peak network activity.
101 million users have interacted with the Solana network this month, representing a 23% increase from the previous month. This is amplifying concerns about network congestion, so Solaxy couldn’t be launching at a better time.
But with just 10 days until the $SOLX presale ends, those seeking to secure its fixed price of $0.001746 should act fast to ensure they don’t miss out.
Scaling Solana to 10,000 TPS
Solana’s congestion issue worsens during periods of peak network activity. This can occur due to an on-chain event, such as when Donald Trump launched his meme coin on Solana, or simply because of bullish market conditions and an increased demand for the network.
It causes Solana’s validators to become overloaded, and then the network begins to become unusable. This isn’t just an inconvenience; it creates a dire risk of financial losses for users.
Solana has drawn the attention of top institutional players like BlackRock and Franklin Templeton in recent months, but they’ll undoubtedly remain cautious until this problem is fixed.
That’s why Solaxy is proving so popular. Its layer 2 blockchain will take Solana to new heights, tackling the congestion issue and thereby unlocking a new economy.
Solana can compute 6,500 transactions per second (TPS), but Solaxy aims for 10,000. It’ll use off-chain computation and transaction bundling technology to achieve this.
The project launched its test network recently, marking the first time users could interact with the Solaxy layer 2. They can bridge $SOL to Solaxy, track on-chain activity using the Solaxy explorer, or even launch smart contracts.
There are also plans to launch Solaxy DEX and Igniter Protocol, a meme coin launchpad similar to Pump.fun, within the coming weeks.
Here’s why a 1,000x gain is achievable for $SOLX
Solana is worth over $80 billion today, while Solaxy has raised $44 million.
Yet, Solaxy is crucial in Solana’s pathway to long-term growth. With enhanced scalability, using Solaxy will be cheaper, faster, and more reliable than the Solana layer 1 chain. This could lead a sizable portion of Solana users to migrate to the Solaxy chain, which could send $SOLX soaring to a market cap in the billions of dollars.
Another indication about Solaxy’s potential is that meme coin casino Pump.fun has just announced a token launch and stated it aims to raise $1 billion at a $4 billion valuation.
Pump.fun’s core use case is a meme coin launchpad app. Solaxy offers that and far more, yet it’s raised less than 5% of what Pump.fun aims to raise. It wouldn’t be unreasonable to assume that Solaxy could far exceed Pump.fun’s market capitalization once it lists on exchanges.
All of this is drawing attention from leading industry analysts, and some, like Cryptonews, argue that 1,000x gains are on the horizon.
How to buy Solaxy presale
The Solaxy exchange debut is within arm’s reach, and it looks like it’ll be explosive.
For those who haven’t purchased the presale yet, getting started is easy.
Simply visit the project’s website, connect your wallet, select the amount of $SOLX you want to buy, and choose the cryptocurrency you want to pay with. The presale accepts payments through both the Ethereum and Solana networks.
Follow Solaxy on X or join its Telegram for updates. Alternatively, visit its website to buy, and stake tokens.
Disclaimer: This media platform provides the content of this article on an "as-is" basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
