The cryptocurrency market is witnessing a growing demand for second-layer solutions, and Solaxy (SOLX) is positioning itself as one of the most promising projects in this space.
With Solana already recognized as one of the fastest and most efficient blockchains, the need for second-layer solutions has become increasingly apparent, especially as interest in memecoins and cryptocurrency investments has surged to levels not seen since 2021.
Despite its speed and efficiency, Solana still faces congestion issues during periods of high market activity. In March 2024, the network experienced severe congestion that made transactions difficult unless users were willing to pay higher fees.
As the market now enters another bull cycle, second-layer solutions are expected to play a key role in alleviating congestion and ensuring smooth transactions.
Solaxy (SOLX) Boosts Solana’s Speed and Scalability — Best Crypto Trend?
Solaxy is a new second-layer scaling solution designed to improve Solana’s performance and reduce network congestion. Solana offers fast transactions and low fees, but its growing popularity has led to bottlenecks that cause transaction failures and delays. Solaxy aims to solve these problems through off-chain processing and better scalability.
A key feature in the Solaxy ecosystem is off-chain transaction processing. Instead of processing every transaction on Solana’s layer 1, Solaxy processes it externally before mainnet settlement. This reduces the data load and keeps transactions smooth even during peak traffic.
Solaxy also uses transaction bundling technology to combine multiple transactions into a single batch. This improves efficiency and reduces costs, helping users avoid delays and high fees during periods of network congestion.
The project plans to introduce modular infrastructure, allowing developers to create optimized decentralized applications (dApps) for specific needs. This will be of great benefit to high-volume areas such as memecoins, decentralized finance (DeFi), and NFT markets.
Solaxy is also working on cross-chain interoperability, with plans to build a direct bridge between Solana and Ethereum. This will enable users to transfer assets between networks, combining the speed of Solana with the liquidity of Ethereum.
With a strong focus on scalability, efficiency, and interoperability, Solaxy’s presale continues to attract interest from early investors.
Solaxy Presale Reaches $23 Million — High-Yield Staking and DEX Listing Coming Soon
$SOLX token powers Solaxy and is used to cover transaction fees, staking rewards, and liquidity trading. Holders can stake $SOLX and expect an annual yield of 176%, although this rate may change as more investors join.
In addition to staking, $SOLX will also be used to trade in liquidity pools and pay gas fees on the Solaxy second-layer network. The token is not yet listed on exchanges, but investors can still buy it through the ongoing presale.
Source – Solaxy (SOLX) Twitter
Solaxy’s presale has raised $23 million since launching on December 12. Currently, $SOLX is priced at $0.001644 and can be purchased using cryptocurrency or a credit/debit card.
Solaxy has also partnered with Best Wallet to enable in-app purchases. For more information, investors can check out our guide on buying Solaxy tokens.
After the presale ends, the team plans to list $SOLX on decentralized exchanges (DEX) and reserve 10% of the supply for liquidity. The rest will be used for marketing, staking rewards, network growth, and Solaxy's treasury. If you want to know about the future of Solaxy, you can check out our $SOLX price prediction guide.
As Solaxy moves closer to launch, security remains a top priority, with a recent audit by SolidProof confirming that there are no issues with its layer 2 smart contracts.
The success of the presale attracted the attention of top crypto analysts and influencers. YouTuber ClayBro, who has over 136,000 subscribers, called Solaxy the fastest-growing memecoin presale, second only to Wall Street Pepe (WEPE), which raised $70 million.
With strong community support and a unique approach, Solaxy stands out as a promising project. As the market turns bullish, second-layer solutions like Solaxy will play a key role in future growth.
To participate in the presale of $SOLX tokens, visit solaxy.io.