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The project is raising funds for development via a token presale, and it’s taking off by storm. It has raised $350K in its first 24 hours, showing a strong market appeal.
Ethereum is expensive, Solana is congested – enter Solaxy ($SOLX), the world’s first Solana layer 2 blockchain. It’s offering an improved user experience that’s smoother, faster, and cheaper than the Solana main network.
Solana is currently trading at a $109 billion market cap, primarily fueled by its heightened transactional capabilities over Ethereum.
However, Solaxy takes that to the next level – and it’s currently available at a ground-floor price.
The presale is available to buy at $0.00155, but this price will rise throughout the campaign, with the next increase in just over one day.
No more network congestion, failed transactions, and scalability limitations
Solana has opened the crypto industry to a world of new possibilities. Its lower transaction fees have unlocked new crypto applications, such as high-volume meme coin trading via its meme coin launchpad Pump.fun.
This is often viewed as a stress test on the underlying infrastructure, which will later lead to the development of more “serious” applications later.
However, high-volume meme coin trading has shown dents in Solana’s armor. Notably, even on a blockchain theoretically capable of 65,000 transactions per second (TPS), there’s sometimes not enough computing power to process all transactions.
This leads to network congestion (long wait times), failed transactions (which can cost users a lot of money), and scalability limitations (which slow ecosystem development).
Solana is regarded as one of the fastest and most scalable blockchains, but it isn’t perfect.
In fact, it even earned a reputation for network outages during the last market cycle.
So say hello to Solaxy, the first layer 2 blockchain that handles some of Solana’s workload with faster speeds, lower fees, and no downtime.
Solaxy will bundle transactions off the main network, boosting the Solana ecosystem’s throughput to levels beyond what is currently available anywhere else.
Solana has more users than any other blockchain
Solaxy has a serious advantage in its presale efforts because it holds clear value to crypto’s most active community.
In the past 24 hours, the Solana blockchain has recorded 271 million on-chain transactions, the highest number on record.
Meanwhile, Token Terminal data shows that Solana dominates every other blockchain in terms of daily active users. In the past 24 hours, the Solana blockchain has recorded over 4.2 million users.
And this trend shows no signs of slowing down. Solana’s total value locked (TVL) has increased by 25% in the past month and now sits at $9.27 billion. It’s now closing in on its 2021 bull market peak.
By all metrics, Solana is thriving. With that in mind, Solaxy is launching at the ideal time.
As Solana adoption continues to grow, the need for a layer 2 blockchain that processes transactions smoothly will only grow stronger.
Solaxy is filling that gap, and the presale offers forward-thinking investors the opportunity to capitalize from the beginning.
Ethereum layer 2 blockchain just 10x’d after the presale – is Solaxy next?
An Ethereum layer 2 blockchain called Pepe Unchained just broke records by raising $70 million in its presale and then exploding 500% after launching on the open market.
For investors who bought at the beginning of the presale, that provided them with 10x gains.
The success of this Ethereum-based layer 2 serves a reminder for prospective Solaxy investors of the vast market appeal for cheaper and faster transactions.
Buy $SOLX now for the best price – 1 day left
The Solaxy presale price will increase in just one day. Prospective buyers have no time to waste to secure the best price.
You can buy the presale by visiting the Solaxy website, connecting your wallet, choosing the amount of $SOLX you want to buy and the crypto you want to pay with.
The presale accepts ETH, USDT, bank card, and BNB payments.
Solaxy has been audited by Coinsult, which found no issues with the project’s code.
Follow Solaxy on X or join its Telegram for the latest updates.
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
2024-12-15 09:02:23
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