Solaxy Raises Over $15M in Fastest Growing Crypto Presale – Next 100x Crypto?

The emergence of Solaxy is prompting major excitement among Solana community members, who have long grappled with congestion issues as demand to use the layer 1 chain rises.

Solaxy ($SOLX) shows red hot demand in its token presale, where it has raised over $15 million to build the world’s first Solana layer 2 blockchain.

However, Solaxy has the added advantage of its token also launching on the Ethereum network. By bridging the gap between Solana and Etheruem, $SOLX has strategic exposure to crypto’s two hottest ecosystems – something experts factor into predictions for up to 100x gains.

Investors can buy $SOLX right now at $0.001618. However, this price will incrementally rise throughout the presale, so they should act fast or pay a higher price later.

Fixing Solana’s most pressing issue

If Solana is to keep growing, its congestion issue must be squashed.

Congestion refers to periods in which demand for Solana is higher than the throughput that Solana validators can provide.

It’s been an issue for years. If you look back to earlier times, you’ll see that the network would even suffer complete outages due to congestion.

These days, it’s slightly improved. Congestion tends to show in failed transactions and longer wait times now.

The most recent example of a major congestion event was when Donald Trump launched his OFFICIAL TRUMP meme coin on the network. Solana wallet Phantom reported they were dealing with 8 million transactions per second.

We’re currently experiencing a massive surge of 8,000,000+ requests per minute. While we work to stabilize our platform, transactions may have trouble going through on the first try.

We appreciate your patience 🙏

— Phantom (@phantom) January 19, 2025

Mass reports emerged of traders unable to execute their transactions, leading many to lose money.

Solaxy aims to eliminate this issue for good. The project harnesses off-chain and transaction bundling technology to handle some of Solana’s workload and offer higher scalability than the main network.

This means that transactions on Solaxy will be cheaper, faster, and more reliable than on the Solana layer 1.

This hasn’t gone unnoticed among prominent analysts.

Umar Khan from 99Bitcoins recently told the YouTube channels’ 700K subscribers that $SOLX is poised for 100x returns after listing on the open market.

Solaxy’s tokenomics and 249% staking APY

$SOLX will be the native utility token to the Solaxy network. This means it will be used to settle transaction fees and as the underlying asset in trading pairs on the blockchain.

Another utility to $SOLX is staking. This is live amidst the presale and currently provides a generous 249% APY. However, the APY is variable and will gradually decrease as the staking pool grows.

20% of the total $SOLX supply is reserved for the project’s treasury, ensuring there are reserves to help sustain the project’s operation long-term. Another 30% is allocated towards ecosystem development for matters such as paying blockchain developers and funding parerships and integrations.

The remaining tokens will be split between marketing, community rewards, and exchange listings.

It’s clear that the Solaxy team has covered all bases in its approach to rolling out the layer 2 blockchain.

But with the presale selling out fast, those wishing to capatalize on this promising new project are running out of time.

How to buy $SOLX presale

There are two core ways to invest in Solaxy at presale. The first is by visiting the project’s website, connecting your crypto wallet, choosing the amount of $SOLX you want to buy and the crypto you want to pay with.

Alternatively, prospective investors may purchase $SOLX using the Best Wallet app. This comes with the added advantage of being able to track tokens and key project updates from the app’s dashboard.

You can also stay updated on the latest news by following the Solaxy X or joining its Telegram channel.

Visit Solaxy Presale

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