Solana is once again grabbing headlines as its price edges closer to the $200 mark. The network’s consistent price increase indicates increased user optimism and growing demand for fast and affordable transactions. With the latest developments, namely the Solana Seeker phone launching in summer and the recent bridging of Dogecoin to the Solana ecosystem, projects that aim to help Solana scale are becoming even more popular.
One of the most popular projects aiming to tackle this issue is Solaxy (SOLX), a project that has already raised $41 million in presale as it prepares to launch the first Layer-2 scaling solution on Solana.
As more capital flows into the Solana ecosystem, projects that address its lingering issues, such as congestion and failed transactions, are receiving closer scrutiny from investors, analysts, and developers.
Solaxy Helps Solana’s Ecosystem Scale
Solaxy introduces a new Layer-2 blockchain explicitly built for the Solana network. At its core, the project aims to address Solana’s known congestion limitations that were highlighted during high-profile token launches.
The project addresses these issues by utilizing rollups and transaction batching, which helps shift computation and data off the main chain while retaining Solana’s trademark speed and low cost.
Development progress on Solaxy has been steady and impactful, as revealed in the project’s latest dev update. Solaxy has already launched its testnet token bridge and block explorer, and is currently preparing to launch one of its most anticipated components: the Solaxy DEX.
This decentralized exchange will serve as the primary trading hub for all tokens launched through Igniter, Solaxy’s rollup-native launchpad. Once a token completes its bonding curve on Igniter, it transitions seamlessly into the DEX, gaining instant access to liquidity and a trading environment designed for high throughput and low fees.
With these updates, Solaxy will become a full-stack infrastructure for token creation, distribution, and trading.
SOLX Token’s Multi-Chain and Staking Mechanisms
The SOLX token is designed to bridge two major crypto ecosystems: Solana and Ethereum. This design choice expands the potential utility and demand for the token by making it accessible to users of the two blockchains.
With less than 19 days remaining in the presale, early investors have the opportunity to buy the token at a discounted price. For those looking to increase their holdings via staking, a dynamic APY of 97% is available.
Borch Crypto, a popular YouTuber, has called this the best crypto presale to buy.
Solaxy Could Outperform Solana Post-Exchange Listing
Solana’s impressive price movement has drawn renewed attention, but for many investors, the biggest gains often come from early-stage projects that support the larger ecosystem.
Solaxy is one such opportunity. Instead of buying SOL at nearly $200 – a price level that still has upside, but it’s already mature with a market cap of over $90 billion – investors can opt to buy SOLX, a brand new token that can 10x and still not break into the top 50 cryptocurrencies by market cap, giving it a higher potential to explode.
Even though we compare the two cryptocurrencies, they aren’t competing. Solaxy enhances Solana, helping it scale, which enables both to thrive.
With the presale closing in less than 19 days and over $41 million raised, Solaxy could be one of the best presale launches this year.
Interested investors can buy SOLX with SOL, ETH, BNB, USDT, or a bank card via the official Solaxy presale website, or they can buy it via the Upcoming Tokens launchpad in the Best Wallet app.
