Solaxy’s (SOLX) presale has raised $3 million in just five days – and investors are taking notice.
This project is generating huge hype with its goal of becoming the first Layer-2 solution built on Solana.
Early investors are already betting that Solaxy can solve Solana’s congestion issues and pave the way for smoother (and faster) transactions.
How Solaxy Aims to Solve Solana’s Congestion Problem
Solana has been making headlines recently but for all the wrong reasons.
Network congestion has been a major thorn in its side, with traders complaining about massive slowdowns caused by sudden spikes in activity.
High-frequency trading and meme coin frenzies are often the culprits, clogging up the network and leading to a frustrating number of failed transactions.
Developers are scrambling for solutions – but it’s been a tricky problem to solve.
That’s where Solaxy comes in.
Instead of forcing Solana’s main chain to handle every single transaction, Solaxy acts as a Layer-2 network.
Think of it as an off-ramp for excess traffic.
According to the project’s whitepaper, Solaxy bundles transactions off-chain and settles them on the mainnet in batches.
This takes a huge load off Solana, allowing it to restore some much-needed speed and stability.
The result is fewer failed transactions, smoother trading during peak times, and a user experience that lives up to all the hype from earlier this year.
And the early signs suggest the investment community is bullish on this use case.
Inside the SOLX Presale – The Solaxy Ecosystem & Early Investor Excitement
Powering Solaxy’s ecosystem is the SOLX token, which is currently in presale and attracting huge attention.
SOLX is more than just a token – it’s like the engine of the Solaxy network.
It facilitates transactions, enables key features, and keeps the whole network running smoothly.
Since launch, the SOLX presale has raised $3 million – over $500,000 per day.
That’s a clear indicator of strong investor interest.
https://twitter.com/SOLAXYTOKEN/status/1869756156681527699
Right now, tokens are priced at $0.00157 each, and investors can buy them using ETH, USDT, or a bank card.
But that price won’t last long since it will increase with each funding stage.
And once the presale wraps up, the team plans to list SOLX on major exchanges to boost accessibility.
Crucially, SOLX’s supply is capped at 138,046,000,000 tokens.
That means a limited number of tokens are available, potentially increasing their value over time as demand grows.
It’s a stark contrast to other crypto projects that have an unlimited or extremely large supply, leading to inflationary pressure.
High-Yield Staking & Influencer Backing Help Boost Hype Around Solaxy
Another element adding to Solaxy’s early hype is its staking app.
This app allows SOLX holders to earn significant yields on their tokens.
Currently, yields hover around 1,209% per year, though that number will decrease as more investors get involved.
Still, with over 952 million tokens already locked up, it’s clear that early investors are confident in Solaxy’s prospects.
This isn’t just a gimmick – it’s a key part of Solaxy’s plan to boost the entire Solana ecosystem.
By speeding up transactions and tackling congestion issues, Solaxy could make Solana much more efficient.
And some prominent figures in the crypto community are getting excited about this.
99Bitcoins, for example, recently reviewed Solaxy.
In a YouTube video released earlier this week, the team talked about Solaxy’s prospects – and speculated the SOLX token could 10x after listing.
Since 99Bitcoins’ channel has over 718,000 subscribers, that kind of exposure could introduce the token to a massive new audience.
And if Solaxy can maintain this early momentum, it might just redefine what’s possible on the Solana blockchain.
