As Solana trades around $180 and loads up for another move up, market momentum continues to build across the ecosystem. The network has seen renewed interest thanks to major developments, including the launch date of the Solana Mobile Stack and new integrations across the Solana DeFi space.
Solaxy (SOLX) is one of the projects gaining traction at the right time. As the first-ever Layer-2 blockchain for Solana, it offers the speed and low fees for which Solana is known, while solving lingering issues such as congestion and failed transactions.
The project is currently conducting a presale, raising over $42 million to date and offering early investors the opportunity to participate at the outset of what could be the most significant infrastructure addition to the Solana ecosystem – and one of the largest token launches of the year.
What Makes Solaxy the Best Altcoin This Season
Solaxy is the first-ever Layer-2 blockchain built on Solana, designed to supercharge the network’s performance while expanding its capabilities. Solana already boasts one of the fastest base layers in crypto, but during periods of high traffic, it has been known to suffer from congestion, which has resulted in failed transactions.
Solaxy addresses these issues by using rollups and transaction batching that execute transactions off the main chain before sending them back to Solana for settlement.
A major milestone was announced in the latest dev update: the upcoming launch of the Solaxy decentralized exchange (DEX), which will serve as the native trading hub for all tokens launched through Igniter, the project’s rollup-native launchpad.
This integration means that any token completing its bonding curve on Igniter will be immediately tradable on the DEX, unlocking instant liquidity. This means that the likes of Pump.fun will get a serious competitor soon.
The Token With Multi-Chain Functionality
The SOLX token is the native asset of Solaxy, enabling users to pay gas fees and access staking rewards. What makes it an even more powerful asset is its dual-chain functionality, which bridges Solana and Ethereum – two of the most active cryptocurrency ecosystems.
This opens the way for fresh liquidity on Ethereum to enter Solana seamlessly. The project has already launched the Solaxy testnet bridge and block explorer.
Interested investors can participate in the presale and buy SOLX at a discount. In under 18 days, the presale will conclude, and the token will be listed on exchanges. The price won’t be the same when that happens.
Moreover, investors who stake their SOLX during the presale get a dynamic yield of 96%, multiplying their investment before it even gets listed on exchanges.
All of these aspects of Solaxy combined are the reason why 99Bitcoins, a popular crypto YouTube channel with over 700k subscribers, has called this the new 100x potential meme coin.
Solaxy Could Outperform Solana This Cycle
While Solana is undoubtedly a top-tier smart contract platform, its room for exponential returns is more limited compared to projects like Solaxy. For example, Solana’s market cap stands at over $90 billion. For Solana to 10x, that would put it at a market cap of $900 billion, with a price of $1,800 per coin. That’s unlikely to happen during this cycle.
Solaxy, on the other hand, comes with a lower market cap, and moving 10x wouldn’t even put it in the top 100 coins by market cap.
Moreover, Solaxy isn’t competing with Solana. This means that the rise of Solana can only benefit the SOLX token.
With the altcoin season gaining momentum and more than $42 million raised in its presale, Solaxy could be the best crypto presale to invest in. Investors need SOL, ETH, BNB, USDT, or a bank card to complete the purchase, and the token claim for unstaked tokens becomes available right after the presale ends.
