The crypto market is likely to be down this week, however one new undertaking is doing its personal factor.
Solaxy (SOLX) simply hit the $18 million milestone in its ongoing presale part.
Early traders are buzzing – questioning if SOLX might be the following crypto to blow up.
Solaxy’s New Layer-2 Goals to Repair Solana’s Congestion Points
Solaxy’s presale success boils all the way down to a easy concept: making Solana run smoother.
As the primary Layer-2 on Solana, Solaxy strikes transactions off the first community, bundles them collectively, and settles them again on Solana’s blockchain.
It’s like having a system of categorical lanes on a busy freeway.
As an alternative of each automobile (or transaction) clogging up the principle highway, Solaxy creates “shortcuts” to ease the load earlier than merging again in.
This technique has labored effectively on Ethereum with initiatives like Arbitrum and Optimism.
However Solaxy isn’t simply copying these initiatives.
The workforce can be constructing a bridge between Solana and Ethereum, permitting customers to benefit from the perks of each platforms.
Plus, with 30% of SOLX tokens put aside for growth, the workforce has the assets to stay to their roadmap.
And if that wasn’t sufficient, early backers can stake their SOLX to earn a powerful 221% APY.
Over 5 billion SOLX tokens are already locked up.
Solaxy’s $18M+ Presale Exhibits Clear Vote of Confidence From Buyers
The numbers behind Solaxy’s presale inform an thrilling story.
Buyers have dedicated over $18 million to this new Layer-2 undertaking in simply two months.
It’s a transparent vote of confidence in Solaxy’s plan to sort out Solana’s scaling points.
Proper now, SOLX tokens are on provide for $0.001626, however that’s simply the beginning.
The workforce has mapped out deliberate worth hikes at every funding milestone, which means those that get in early will obtain the bottom worth.
And this might repay if Solaxy explodes after launch.
Main crypto influencers like ClayBro at the moment are discussing the undertaking’s potential.
ClayBro even instructed SOLX might be the “largest Solana token but.”
Provided that tokens like BONK have market caps of over $1 billion, this declare may sound daring – however there’s some reasoning behind it.
One key issue is that Coinsult has already audited Solaxy.
Coinsult’s audit discovered no points with the undertaking’s good contracts and confirmed it isn’t a honeypot scheme.
Solana’s Momentum Meets Solaxy – The Way forward for Scalable Blockchain Progress?
Solana has had a combined begin to 2025.
However with SOL’s worth hovering round $200 – and a few analysts predicting it may double by the tip of the yr – there’s rising optimism round Solana’s ecosystem.
Throw within the discuss round potential spot SOL ETF approvals, and the thrill solely grows.
Solana already handles practically half of all DEX quantity, which is not any straightforward feat.
Even with the upcoming Firedancer improve set to push speeds to 10,000 transactions per second (TPS), the community may nonetheless wrestle throughout peak instances.
That’s the place Solaxy is available in.
By easing the load on Solana’s mainnet, Solaxy isn’t simply providing a brief repair – it’s constructing for the longer term.
Early traders perceive the potential right here, which is why the SOLX presale has been such a success.
SOLX has even made it onto CoinSniper.internet – one of many web’s high crypto score websites.
So, can Solaxy stay as much as the hype?
Solely time will inform, however with over $18 million already raised, the indicators look promising.
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