Solaxy Hits $27 Million in Fast-Growing Layer 2 ICO

Solaxy is gaining attention after raising $27 million in its presale. Investors wonder if this new Solana Layer 2 could become the next meme coin hub.

Solana’s rapid growth has been accompanied by a recurring challenge—network congestion. As transaction volumes surge, bottlenecks become apparent, leading to slower processing times and network instability.

However, a new project, Solaxy (SOLX), is emerging as a groundbreaking solution to enhance Solana’s scalability and efficiency.

Solaxy (SOLX) Boosts Solana with Layer 2 Upgrades

Solaxy is the first Layer 2 network on Solana, designed to improve transaction speeds and network performance. This initiative aims to transform Solana into a faster, more efficient blockchain, strengthening its position as a premier asset class in the crypto industry.

Investors who see long-term potential in Solana can gain exposure through Solaxy while benefiting from solutions that address the network’s core limitations.

The project uses rollups to process transactions off-chain before settling them on Solana’s mainnet. This approach reduces congestion and improves transaction finality, creating advantages for both traders and decentralized application (dApp) developers.

Source – Cryptonews YouTube Channel

By processing transactions off-chain, Solaxy enhances scalability, minimizes congestion, and ensures uninterrupted trading activity. Bundling transactions through rollups significantly lowers costs, making the Solana ecosystem more affordable for users.

Solana’s Layer 1 infrastructure secures the network, preserving transaction integrity and reliability. Solaxy also introduces a multi-chain bridge that connects Solana and Ethereum, allowing efficient asset transfers between both ecosystems.

This integration grants Solana users access to Ethereum’s liquidity while maintaining Solana’s speed and efficiency.

Solaxy Presale Reached $27M as Staking Rewards and Exchange Listings Fuel Demand

Solaxy has now reached the $27 million mark, ranking among the fastest-growing presales in the market. $SOLX is still available at $0.001668, though the price will rise in less than 15 hours.

During the presale, investors can purchase $SOLX using $ETH, $USDT, $BNB, $SOL, or a credit or debit card. Popular wallets like MetaMask and Trust Wallet provide easy access to the presale.

Another option for purchasing $SOLX is through the Best Wallet app, offering a seamless experience for smartphone users.

Best Wallet recently expanded to support Bitcoin and is preparing for its upcoming Solana integration. The app is available for download on Google Play and the Apple App Store.

Source – Solaxy Twitter

The project also offers staking rewards of up to 151% APY, allowing early investors to accumulate more tokens before the official launch. As staking participation grows, APY is expected to decrease over time.

This feature enables investors to earn passive income while contributing to the network’s stability. Over 7.6 billion tokens have already been staked.

Unlike most presales with fixed end dates or hard caps, Solaxy’s team has chosen a more flexible approach. Plans are in place to list $SOLX on a decentralized exchange after the fundraising phase concludes.

The team has also mapped out an ambitious roadmap, including CEX listings, the launch of the Solaxy Layer 2 network, and deeper Ethereum integrations.

Interest in Solaxy continues to rise, reflected in its expanding online presence. The project’s X (Twitter) following has grown to nearly 73,000, while its Telegram community has surpassed 9,800 members—clear signs that traders and developers are closely watching its progress.

Is Solaxy the Next Big Layer 2 Meme Coin?

Solaxy is gaining traction as layer 2 solutions become increasingly vital, not just for Ethereum but also for other blockchains seeking scalability.

Projects like Arbitrum and Optimism have shown that off-chain processing significantly enhances speed and reduces costs. As interoperability expands and new use cases emerge, layer 2 networks will likely play a larger role in the industry.

Solaxy differentiates itself by bringing this model to Solana. A successful launch could provide traders and developers with a scalable alternative while keeping them within Solana’s ecosystem.

Additionally, the planned cross-chain bridge with Ethereum could introduce fresh liquidity to Solana, unlocking new opportunities in DeFi. With its launch expected later this year, Solaxy’s next steps will be closely watched across the blockchain space.

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