Solaxy ($SOLX) is the world’s first Solana layer 2 blockchain, and its ongoing token presale is generating substantial interest.
After raising over $28 million in funding, it now stands as one of Solana’s most successful ICOs of all time, reflecting its promising use case of scaling Solana.
But as investors scramble to buy $SOLX, industry experts are also taking notice.
Some even forecast that Solaxy’s price will increase around 10,000% this cycle, which would undoubtedly outpace that of major cryptocurrencies like Solana, XRP, Ethereum, and Bitcoin. Indeed, if it comes anywhere close to this, it will undoubtedly prove one of the best cryptos to buy now.
Crypto is all about identifying new projects with the potential to change the status quo, and Solaxy certainly aims to do that. Its layer 2 blockchain looks to eradicate Solana’s congestion issue, which will allow the network to generate more adoption and unlock new use cases.
The $SOLX presale is currently priced at $0.00168, but this will rise as the campaign advances. The next uptick will occur in less than one day.
Analyst tips $SOLX for 100X after new dev update
An analyst from the prominent Cryptonews media outlet says that Solaxy could give 100x gains and cites the project’s rapid development as the reason why.
He pointed to an article that broke down Solaxy’s new features, explaining that the team has successfully integrated systems to increase scalability and make Solana cheaper, faster, and more reliable.
According to the Solaxy website, the most recent development activity includes optimizing the sequencer to report transactions back to Solana and refining transaction processing. You can get a full explanation of Solaxy’s developer activity on the project’s Dev Updates page.
Given that Solana is already highly scalable, these layer 2 optimizations will create an ecosystem unlike anything the crypto industry has seen before. It opens the door to a wide range of new use cases and could even be Solana’s first step toward real-world mass adoption.
Unlocking Solana’s potential: Solaxy’s L2 rollup solution
Solana is highly scalable – capable of 6,500 transactions per second (TPS). In comparison, Ethereum computes around 15 TPS.
But even though Solana is disproportionately more scalable than Ethereum, it continues to grapple with congestion issues.
Congestion occurs when the demand to use the network outweighs the computational resources available to validate transactions. This happens when there’s a surge in transaction volume, which leads to longer wait times and failed transactions.
The issue is that these volume surges usually occur at critical times, such as when Donald Trump launched his meme coin. Put differently, Solana fails at the times it needs to work most.
And that’s why it requires scaling solutions like Solaxy.
Solaxy will use off-chain computation and transaction bundling technology to remove Solana’s congestion issue for good.
Not only will this help Solana function during periods of peak network activity, but it will also empower developers to launch high-volume applications without scalability concerns. This could entail new meme coin trading apps, more powerful AI agents, real-world payment apps, and much more.
Ultimately, Solaxy will unlock the full potential of Solana, future-proofing it and enabling it to continue leading the crypto industry.
Solana meme coins pump – Next SOL season incoming?
Meme coins are rising today, but Solana meme coins are well ahead. Bonk is up 3.7%, which is over 2 times more than Dogecoin. Meanwhile, Fartcoin is up 16% and SPX6900 is up 12%, illustrating substantial market interest.
Solana meme coins dominated in 2024, and it appears that they’re taking over again. However, this time, they’ll have the support of a more scalable layer 2 blockchain, which could promote even more excitement and gains.
Investors have a unique opportunity right now. While Solaxy remains in its early stages, the project appears set to revolutionize the $64 billion Solana.
How far $SOLX can go remains to be seen, but Cryptonews’ 100x prediction should not be ruled out.
Follow Solaxy 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
