First Solana Layer-2 Mission Solaxy Crosses $20M in Presale Funding – Subsequent Crypto to Pump?

Solana is among the greatest blockchains on the earth – however community congestion remains to be an enormous challenge.

That’s the place Solaxy (SOLX) is available in.

This new Layer-2 answer for Solana has raised over $20 million in presale funding.

And a few early backers suppose the native SOLX token might see an enormous pump after change listings.

Scaling Solana – How Solaxy’s New L2 Resolution Goals to Increase Speeds

Solana can theoretically deal with as much as 65,000 transactions per second, however when hype kicks in – like with a brand new meme coin launch – the community can nonetheless grow to be clogged.

Solaxy’s workforce desires to unravel this challenge completely.

They wish to add an additional “lane” to Solana, which would cut back the computational load on the principle chain.

So, as an alternative of each transaction competing for area, Solaxy processes them off-chain, bundles them collectively, after which settles them again on Solana.

The result’s quicker speeds, decrease charges, and a greater consumer expertise.

Solaxy’s native token, SOLX, powers this ecosystem.

It is going to be used for gasoline charges, staking rewards, governance, and extra.

It’ll even be a part of Solaxy’s multi-chain bridge that’s planning to attach the Ethereum and Solana ecosystems.

Not solely will this give customers entry to Ethereum’s liquidity, however it should additionally allow them to learn from Solana’s speeds.

The hype round this use case is rising by the day.

And now that Solaxy’s Twitter following has handed 68,000 folks, it’s clear the mission is gaining traction on-line.

SOLX Presale Heats Up & Passes $20M Forward of Trade Listings

The joy surrounding Solaxy has been constructing since its presale kicked off in mid-December.

In simply two months, the mission has raised $20.4 million.

It’s averaging an enormous $300,000 in each day investments – or about $2 million per week.

That sort of momentum demonstrates severe investor confidence in Solaxy’s imaginative and prescient for scaling Solana.

Proper now, SOLX tokens are priced at $0.001634 every.

However that worth gained’t final for much longer, as a scheduled worth improve is ready to happen in lower than 48 hours, including a way of urgency for these nonetheless on the fence.

YouTuber NASS CRYPTO lately known as it one of many “prime crypto presales” to put money into proper now.

He even thinks SOLX might “skyrocket” as soon as it hits exchanges.

Solaxy’s workforce plans to record SOLX on a DEX first, with potential for CEX listings after that if all goes nicely.

Solaxy’s Profitable System – Meme Coin Attraction & Actual-World Utility

Solaxy has additionally been constructing credibility behind the scenes.

The mission lately handed a safety audit from Coinsult, boosting investor confidence.

SOLX has even landed a spot on CoinSniper.web’s trending tasks record.

What additionally makes Solaxy so intriguing is the way it mixes two enormous crypto narratives.

On one hand, it has the viral attraction that’s behind many of the meme coin mania we’ve seen in latest months.

However not like pure hype performs, Solaxy provides actual utility, tackling a real challenge within the crypto area.

This mixture of viral attraction and precise problem-solving might assist it stand out in at this time’s market.

And its timing couldn’t be higher.

Hypothesis is ramping up round potential spot Solana ETF approvals this yr, which might spike demand for SOL.

If that occurs, the necessity for scaling options (like Solaxy) might also rise – placing SOLX in a primary place to learn.

Total, issues are trying up for this new Layer-2 mission, making the SOLX presale an occasion to look at intently.

Go to Solaxy Presale

Disclaimer: The above article is sponsored content material; it’s written by a 3rd get together. CryptoPotato doesn’t endorse or assume duty for the content material, promoting, merchandise, high quality, accuracy, or different supplies on this web page. Nothing in it must be construed as monetary recommendation. Readers are strongly suggested to confirm the knowledge independently and thoroughly earlier than partaking with any firm or mission talked about and do their very own analysis. Investing in cryptocurrencies carries a threat of capital loss, and readers are additionally suggested to seek the advice of an expert earlier than making any selections that will or will not be based mostly on the above-sponsored content material.

Readers are additionally suggested to learn CryptoPotato’s full disclaimer.