IntoCrypto Reviews Solaxy Presale – Best New Crypto to Buy Now?

Crypto YouTuber IntoCrypto reviewed Solaxy and its token $SOLX, which is in presale and quickly approaching $30.5 million. This early-stage offering allows investors to acquire $SOLX tokens at the lowest possible price before they are listed on exchanges.

Meanwhile, Canada is making headlines with its decision to launch the first spot Solana ETFs with staking in North America. Set to debut on the Toronto Stock Exchange, the initiative is led by asset managers Purpose Investments, Evolve, CI Global, and 3iQ.

These ETFs will offer direct exposure to Solana, along with the added benefit of staking rewards, a move that blends traditional finance with decentralized technology in a groundbreaking way.

This announcement has already sparked bullish momentum in the Solana market, contributing to a 30% price surge over the past week. Crypto analysts point to strong support at the $120 level, suggesting that a breakout above $135 could send Solana climbing toward $140.

The launch is viewed as a major advancement in bridging the gap between blockchain innovation and mainstream investment products. Meanwhile, attention is also turning to the U.S., where both XRP and Solana are frontrunners in the race for SEC approval of a spot ETF.

XRP appears to have a slight edge due to its growing U.S. market share and the recent dismissal of the SEC’s 2021 lawsuit against Ripple Labs. The introduction of a leveraged XRP ETF by Two Cream has also added to XRP’s momentum.

However, market uncertainty still looms, with the SEC reviewing several ETF applications and an important decision deadline for Grayscale’s XRP ETF filing approaching on May 22. Despite the excitement around ETF developments, the broader crypto ETF market is facing headwinds.

U.S.-listed spot Bitcoin ETFs are witnessing significant outflows, reflecting a cooling sentiment among institutional investors. Over $800 million has left these funds this month alone, following record outflows earlier in the year.

Rising U.S. recession risks, increased market volatility, and a shift toward safe-haven assets like Treasury bills are contributing factors to the institutional pullback from riskier assets like crypto.

Overall, the launch of Solana ETFs in Canada represents a significant milestone, even as broader market dynamics reflect ongoing caution. This development could open the door for greater institutional interest in the Solana ecosystem, creating a ripple effect across related projects.

Solaxy (SOLX), currently in its presale phase and positioned as the first Layer 2 scaling solution built on Solana, is well-placed to benefit from this rising momentum.

As capital and attention flow into the network, innovative projects like Solaxy may experience increased traction among both early adopters and long-term investors.

Source – IntoCrypto on YouTube

Solaxy’s April Update and Upcoming Block Explorer Launch Make It a Strong Buy

Designed to address the limitations of the Solana network, Solaxy enhances scalability, reduces congestion, and minimizes downtime, all while maintaining the ecosystem’s signature speed and cost-efficiency.

This next-gen Layer 2 solution aims to unlock Solana’s full potential by enabling seamless multi-chain compatibility and laying the groundwork for a future-proof decentralized infrastructure. Solaxy shared an important update on April 15th, announcing that the Solaxy Block Explorer is set to launch on April 19th.

The team revealed that, with optimal configurations, data availability has reached a stable rate of 140KB/s on the Solana mainnet—promising faster data storage and an improved user experience. Minor enhancements have also been made to the CLI interface.

On the performance front, development efforts are focused on increasing rollup throughput, with a target of reaching 10,000 transactions per second (TPS).

Additionally, proper CORS has been implemented on the SDK, and debugging is underway to resolve inconsistencies between the rollup and Solana L1 behavior expected by user interfaces.

Due to the recent updates and ongoing development from Solaxy, it has quickly gained recognition as one of the best new cryptos to buy now.

Solaxy’s Presale Raises Over $30M—Unlock Staking Rewards and Multi-Chain Potential with $SOLX

As of now, Solaxy’s presale has surpassed $30.43 million, with each $SOLX token priced at $0.001696. Purchasing SOLX is straightforward and flexible—users can buy with a card or through various cryptocurrencies using popular wallets.

We recommend Best Wallet, known for its strong emphasis on privacy. It requires no verification, ID, or KYC, ensuring a completely anonymous experience. The app allows users to buy, sell, send, and receive crypto, supporting over 60 different blockchains.

Its clean, user-friendly interface makes it accessible even for those new to the world of crypto. One of the key features drawing investor attention is the staking opportunity, which offers up to 211% in rewards, giving early supporters the ability to generate passive income alongside potential capital appreciation.

Once the presale concludes, SOLX tokens will be deployable across multiple chains and tradable on both centralized and decentralized exchanges. Token holders will also be able to bridge their assets directly to the Solaxy Layer 2 network.

The tokenomics are clearly structured: 30% of the supply is allocated for development, 25% for staking rewards, 15% for marketing, and the remainder reserved for listings and liquidity.

With its strong fundamentals, impressive scalability upgrades, and community-driven approach, Solaxy is poised to become a major player in the Solana ecosystem.

The potential for high returns, combined with innovative utility, makes this presale a noteworthy event for anyone looking to invest in the future of blockchain scalability. To take part in the $SOLX token presale, visit solaxy.io.