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Solana’s recent price surge has captured the crypto community’s attention. The token is trading around $180, up 35% month over month. This remarkable performance reflects renewed interest in the crypto space as macroeconomic tensions are subsiding.
Traders once again flock to blockchain projects that promise innovation and utility. Solana’s continued growth reinforces its status as a leading network for dApps and RWA tokenization.
One of the most promising projects benefiting from Solana’s rising value is Solaxy (SOLX). With the goal of creating the first-ever Layer-2 scaling solution for Solana, SOLX’s ongoing presale has raised over $500K in the past 24 hours and an impressive $35M to date.
Why Is Solaxy a Popular Choice?
With over $35 million raised in its presale, Solaxy is undoubtedly one of traders’ favorite projects, and here’s why. Solana is one of the fastest blockchains, with a theoretical throughput of 65,000 transactions per second (TPS) and a real throughput of over 4,500 TPS, allowing for seamless use of dApps.
 
However, during peak usage, such as the launch of high-profile meme coins like OFFICIAL TRUMP, everyday Solana users experienced delayed or failed transactions due to network congestion. This made it hard to interact with lending and borrowing platforms, Web3 games, or to make simple swaps, costing users extra money and time.
Solaxy aims to solve that by becoming the first Layer-2 scaling solution built on Solana. It is designed to tackle congestion, failed transactions, and improve scalability while preserving Solana’s advantages of speed and low transaction fees by leveraging innovative roll-up architecture and multi-chain support.
The SOLX token is at the heart of Solaxy, serving as the native asset within the ecosystem. Designed to bridge the gap between Ethereum’s liquidity and Solana’s efficiency, SOLX is uniquely positioned to attract users from both blockchain networks. With support for multi-chain transactions on Ethereum and Solana, Solaxy increases the utility of SOLX by connecting two of the largest crypto ecosystems.
The SOLX presale is structured to benefit early adopters by offering tokens at the lowest price with gradual increases through each phase. Traders can also stake their tokens during the presale, earning a dynamic yield of 112% APY. This combination of low entry costs and staking rewards makes SOLX an attractive option for forward-thinking crypto enthusiasts.
Because of all that it offers, the popular YouTube channel Cryptonews believes this could be the next 10 or even 100x crypto.
Solaxy’s Development Progress
Behind the scenes, the Solaxy team has worked hard to ensure the network operates at peak performance. Its recently-launched testnet block explorer serves as a testament to the project’s efforts.
In its latest dev update, the team focused on increasing efficiency, improving user experience, and optimizing rollup mechanisms, ensuring the platform operates more efficiently.
Solaxy is also preparing for the next phase of the Solaxy Testnet, which will include the launch of the bridge for public testing. This milestone will allow users to explore the platform’s potential firsthand. The community remains actively involved, with developers encouraging feedback and collaboration as they gear up for the devnet launch.
How to Join the Solaxy Presale
Solaxy’s presale success shows the strong interest in blockchain solutions that enhance existing networks like Solana. With Solana’s price approaching $200, Solaxy, with its Layer-2 approach and multi-chain capabilities, is positioned to capitalize on this momentum.
Moreover, thanks to its lower market cap, Solaxy has more potential to be 10x its price than Solana.
As the project progresses, it’s becoming a promising addition to any crypto portfolio. Interested traders can secure SOLX tokens on the official Solaxy website using SOL, ETH, BNB, USDT, and bank cards.
Additionally, they can participate in the presale via Best Wallet, available on Android and iOS devices.
Visit Solaxy Presale
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involves substantial risk as the volatility of the crypto market can lead to significant losses.
Source: https://zycrypto.com/solaxy-raises-35m-in-presale-as-solana-price-explodes/