SOLX Hits $5M on Presale, Fixes Solana Congestion With Its L2

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As a seasoned crypto investor with a knack for spotting promising projects, I find Solaxy (SOLX) to be an exciting development in the meme coin space, particularly on the Solana network. With my extensive experience in navigating the volatile crypto market, I’ve learned that rapid fundraising is often a sign of a project with strong potential.

In just four short days following the achievement of a $4 million milestone, the pre-sale project Solaxy (SOLX) surged to $5 million. This rapid fundraising pace, taking only ten days, is nothing short of remarkable. But what sets Solaxy apart?

Essentially, Solaxy represents Solana’s initial Layer-2 approach, specifically tailored for meme coins. In simpler terms, this system could alleviate Solana’s traffic bottlenecks by handling some transactions outside the main network, thus improving overall efficiency.

Beyond this, Solaxy links Solana with Ethereum. It combines the finest aspects of both systems: robust liquidity, strong security, and developer resources. It addresses their weaknesses and creates a completely innovative, potent ecosystem.

Saving Solana From Itself – Faster, Cheaper Meme Coin Trading

This year, there’s been a significant surge in the number of people showing interest in Solana, primarily because of its rapidly expanding meme coin market. The main attraction lies in its impressive speed, affordable transaction fees, and extensive developer resources. In fact, even those without coding experience can create a meme coin on Solana using pump.fun.

As an analyst, I’d rephrase it this way: Essentially, Solana found itself caught up in its own wave of popularity. The excessive demand placed on the network led to a decline in its performance, primarily due to heavy traffic congestion.

Solaxy aspires to enhance the experience of transferring funds on the Solana network by utilizing its Layer-2 tech, ensuring transactions are seamless, swift, and cost-effective. Eliminating bottlenecks and transaction failures becomes a thing of the past.

Indeed, it’s correct that Anatoly Yakovlenko, the creator of Solana, views Layer-2 solutions as potentially detrimental when they consume more resources from the main layer (base layer) than they return or enhance. A practical example he might refer to is Ethereum.

On the contrary, Solaxy doesn’t aim to displace Solana. Instead, it leverages Solana’s robust qualities, blending them with Ethereum’s liquidity and security, to construct a high-speed trading platform tailored for degenerate traders. This network is designed to handle the increasing transaction volumes that are becoming common.

$5M Raised, 755% Staking APY – Can SOLX Repeat BONK’s Success?

Solaxy presale kicked off on December 14 and raised $1M in three days. The project’s X account is nearing 20K followers, and opinion leaders like ClayBro see serious potential in Solaxy’s Layer-2 solution.

It’s still early to judge if SOLX will repeat the success of top Solana meme coins like BONK and PENGU. But community interest is evident from the $5M raised, most of which will go toward product development and marketing to expand the project’s reach.

About a quarter of all available tokens are earmarked for staking rewards. Already, early supporters have locked away approximately 1.5 billion SOLX, earning an annual percentage yield of 755%.

Starting in early 2025, the pre-sale for SOLX tokens will come to an end. However, instead of a sudden jump, the price of SOLX is expected to rise incrementally every few days. Keep in mind that with this gradual increase, the current price of $0.001578 per token might never be lower again.

Following the assertion, we anticipate that SOLX may appear on prominent Decentralized Exchanges (DEXs) and Centralized Exchanges (CEXs). Please note that no listings have been confirmed at this time. Nevertheless, given its robust utility and thriving community backing, it wouldn’t be inconceivable for influential platforms such as Uniswap and Binance to take notice of the project.

Be the First to Explore Solaxy

In contrast to the previous bull market in 2021 where meme coins thrived primarily on hype, this time around they’re offering something tangible in addition to the buzz. Solaxy, one of these hybrid meme-coins, stands out as it holds genuine worth.

To ensure you can hop aboard this spaceship prior to its departure, head over to the authentic Solaxy pre-sale platform, link your digital wallet, and swap Ethereum (ETH), Tether (USDT), Binance Coin (BNB) or any other supported currency for SOLX tokens.

However, don’t take anyone’s word for it. There are no guarantees in the crypto market. Remember to DYOR and only invest as much as you can afford to lose.

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2024-12-25 16:43