Solana is among the largest blockchains on this planet – however community congestion remains to be an enormous subject.
That’s the place Solaxy (SOLX) is available in.
This new Layer-2 resolution for Solana has raised over $20 million in presale funding.
And a few early backers assume the native SOLX token might see a large pump after trade listings.
Scaling Solana – How Solaxy’s New L2 Resolution Goals to Increase Speeds
Solana can theoretically deal with as much as 65,000 transactions per second, however when hype kicks in – like with a brand new meme coin launch – the community can nonetheless turn out to be clogged.
Solaxy’s group desires to resolve this subject completely.
They wish to add an additional “lane” to Solana, which would scale back the computational load on the primary chain.
So, as a substitute of each transaction competing for area, Solaxy processes them off-chain, bundles them collectively, after which settles them again on Solana.
The result’s sooner speeds, decrease charges, and a greater person expertise.
Solaxy’s native token, SOLX, powers this ecosystem.
It will likely be used for fuel charges, staking rewards, governance, and extra.
It’ll even be a part of Solaxy’s multi-chain bridge that’s planning to attach the Ethereum and Solana ecosystems.
Not solely will this give customers entry to Ethereum’s liquidity, however it should additionally allow them to profit from Solana’s speeds.
The hype round this use case is rising by the day.
And now that Solaxy’s Twitter following has handed 68,000 individuals, it’s clear the challenge is gaining traction on-line.
SOLX Presale Heats Up & Passes $20M Forward of Change Listings
The thrill surrounding Solaxy has been constructing since its presale kicked off in mid-December.
In simply two months, the challenge has raised $20.4 million.
It’s averaging a large $300,000 in every day investments – or about $2 million per week.
That form of momentum demonstrates severe investor confidence in Solaxy’s imaginative and prescient for scaling Solana.
Proper now, SOLX tokens are priced at $0.001634 every.
However that worth received’t final for much longer, as a scheduled worth improve is about to happen in lower than 48 hours, including a way of urgency for these nonetheless on the fence.
YouTuber NASS CRYPTO just lately known as it one of many “prime crypto presales” to put money into proper now.
He even thinks SOLX might “skyrocket” as soon as it hits exchanges.
Solaxy’s group plans to listing SOLX on a DEX first, with potential for CEX listings after that if all goes properly.
Solaxy’s Successful Formulation – Meme Coin Enchantment & Actual-World Utility
Solaxy has additionally been constructing credibility behind the scenes.
The challenge just lately handed a safety audit from Coinsult, boosting investor confidence.
SOLX has even landed a spot on CoinSniper.net’s trending tasks listing.
What additionally makes Solaxy so intriguing is the way it mixes two big crypto narratives.
On one hand, it has the viral enchantment that’s behind many of the meme coin mania we’ve seen in current months.
However not like pure hype performs, Solaxy presents actual utility, tackling a real subject within the crypto area.
This mixture of viral enchantment and precise problem-solving might assist it stand out in right now’s market.
And its timing couldn’t be higher.
Hypothesis is ramping up round potential spot Solana ETF approvals this 12 months, which might spike demand for SOL.
If that occurs, the necessity for scaling options (like Solaxy) may rise – placing SOLX in a main place to profit.
General, issues are wanting up for this new Layer-2 challenge, making the SOLX presale an occasion to look at carefully.
Disclaimer: The above article is sponsored content material; it’s written by a 3rd social gathering. CryptoPotato doesn’t endorse or assume accountability for the content material, promoting, merchandise, high quality, accuracy, or different supplies on this web page. Nothing in it ought to be construed as monetary recommendation. Readers are strongly suggested to confirm the knowledge independently and thoroughly earlier than participating with any firm or challenge talked about and do their very own analysis. Investing in cryptocurrencies carries a threat of capital loss, and readers are additionally suggested to seek the advice of an expert earlier than making any selections which will or will not be based mostly on the above-sponsored content material.
Readers are additionally suggested to learn CryptoPotato’s full disclaimer.
Binance Free $600 (CryptoPotato Unique): Use this link to register a brand new account and obtain $600 unique welcome provide on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE place on any coin!