Solana News: Solaxy Emerges as a Rising Star with $26.8M Raise, Aiming to Enhance Solana’s Performance

In the ever-evolving world of cryptocurrencies, new players are constantly emerging with innovative solutions to address existing challenges. One such player is Solaxy, a promising Layer 2 protocol that has recently captured the attention of investors by raising an impressive $26.8 million during its ongoing token sale. With its focus on improving transaction speeds and alleviating network congestion on Solana, Solaxy aims to help the blockchain maintain its competitive edge in the cryptocurrency market.

Solaxy is Solana’s Rising Star as L2 Protocol Raises $26M

A promising Layer 2 protocol called Solaxy ($SOLX) has captured attention by raising an impressive $26.8 million during its ongoing token sale. Solaxy promises to speed up transactions and stop network congestion on Solana, similar to how L2s like Base have improved Ethereum’s throughput. The ongoing presale indicates strong investor confidence in Solaxy’s vision to help Solana maintain its position in the cryptocurrency world.

Will Solana Hit $300 This Week? Or Can DTX Offer Better ROI?

The Solana price has seen strong rallies in the past, but security issues, declining user activity, and upcoming token releases raise concerns about its long-term growth, especially a rise to $300 this week. Meanwhile, DTX Exchange is getting noticed with its structured investment model and a presale that has already raised $16M. With its listing price set to double from $0.18 to $0.36, early investors have a chance to secure double gains. However, it remains to be seen if DTX can truly offer a better return on investment (ROI) than SOL, which currently trades at around $148.

Solana (SOL)’s Bull Run Pauses; BinoFi (BINO) Potential Lead?

Solana (SOL), known for its fast transaction speeds and low-cost infrastructure, recently reached $132.88, marking a 14.42% gain over the past week. However, as the altcoin market adjusts to broader volatility, Solana’s bull run seems to be taking a breather. Analysts point to potential slowdown in momentum due to high competition from other Layer-1 and Layer-2 solutions and ongoing market fluctuations. Investors are questioning if its current valuation provides room for further growth in the near term.

Solana’s Anti-Woke Ad Sparks Backlash, Ad Pulled After Criticism

The Solana Foundation faced controversy after posting and quickly deleting an ad that mocked gender identity issues. The ad, featuring a therapy session ridiculing pronoun discussions, was meant to promote the Solana Accelerate conference but sparked outrage across the crypto community. Critics saw it as an attempt to align with right-wing cultural rhetoric. The ad was pulled after nearly nine hours of mounting criticism.