Solana’s Layer 2 Powerhouse Solaxy Nabs $55M Presale—Launching Tomorrow. The Next 100x Crypto Moonshot?

Solaxy just pulled off a $55M presale haul—one day before its Solana Layer 2 goes live. Traders are already stacking bets on this dark horse.

Why the frenzy? Scaling meets Solana’s speed, and the market’s hungry for the next ecosystem rocket. But let’s be real—after the last ten '100x' projects that cratered, even Wall Street’s ‘geniuses’ might hesitate before dumping their yacht funds into this.

Key details: Layer 2 solution targeting Solana’s congestion, $55M presale sellout (no VC discounts here), and a T-24h launch countdown. The real test? Whether it survives first contact with DeFi degens.

One thing’s certain: if Solaxy delivers half its hype, the gas fee wars on Ethereum will look like a tea party. Buckle up.

Pioneering Layer-2 Rollup Tackles Solana’s Network Congestion Issues

Officially launched in 2020, solana stunned the crypto community with its low-cost, high-throughput, and highly scalable network. While the Proof-of-Stake (PoS) and Proof-of-History (PoH) hybrid blockchain has had explosive growth, notable lapses in Solana’s operations have raised some concerns. Enter Solaxy, the first-ever L2 scaling solution built to address Solana’s limitations.

When Solana encounters increased traffic, its performance and throughput become considerably weakened. Based on recent estimates, Solana posts an average of 3,000 to 4,000 transactions per second (TPS). While the blockchain boasts a maximum theoretical TPS of 65,000, high traffic periods can lead to bottlenecks, failed transactions, and possibly even a full-blown outage.

By handling processing loads off-chain, Solaxy eliminates Solana network congestion limitations, ensuring that all transactions are processed efficiently and reliably. Not only does this provide faster overall transaction throughput, but it also reduces the gas fees required. With the most significant pain points from the Layer-1 blockchain solved, Solaxy unlocks the full scalability potential for Solana.

Earlier this month, the project released its official testnet, where users can bridge their native SOL tokens to try out the preliminary Layer-2 environment. Solaxy’s developers are targeting a 10,000 TPS, which is more than double the current average observed on Solana.

New Solaxy Launch Schedule Revealed: SOLX 10x Potential?

Solaxy released an updated launch schedule, with crypto analyst Jacob Bury analyzing it on the 99Bitcoins YouTube channel. First, the June 23rd crypto launch and SOLX claiming date align with better market conditions for the token generation event (TGE). Since SOLX is a multi-chain token (operating in Solana and Ethereum), a Solana-Ethereum bridge will launch on the same date.

Another critical date for investors to note is July 7th, when the mainnet, block explorer, and multi-chain bridge are scheduled for release. Bury also mentioned a recent $62 million SOLX token burn (35 billion tokens), which increases scarcity and builds value.

Apart from the 35 billion token burn, Solaxy conducted its second pre-launch token burn, where the team tightened the token supply by another 20 billion tokens.

When Bitcoin gains momentum and altcoins follow suit, presales like Solaxy could see 10x returns. The key, Bury mentioned, is patience, since SOLX can behave in a lot of different ways once launched.

Launchpad Protocol, Solaxy DEX, and Key Partnerships Fueling Growth

Solaxy has recently announced numerous developments that enhance its Solana L2 ecosystem and provide more long-term value for SOLX holders. First, the introduction of the Igniter Protocol brings a decentralized launchpad designed explicitly for the Solaxy chain. Through the platform, SOLX holders can create and launch their tokens directly in the Solaxy environment.

Another update involves the development of the Solaxy decentralized exchange (DEX), a Solaxy native app designed to seamlessly integrate with tokens launched from the Igniter Protocol. Leveraging the Layer-2 network’s high performance and scalability, the Solaxy DEX will deliver low trading fees and high throughput, ideal for meme coin trading and advanced markets.

The last announcement discussed Solaxy’s partnership with Hyperlane, a permissionless messaging framework known for its modular design. The collaboration will enable Solaxy to facilitate fast, low-latency cross-chain token transfers. The team believes that this integration lays the groundwork for a strong L2 bridge experience ready for real-world use.

Altogether, these developments show that Solaxy isn’t just a one-dimensional L2 project for a popular blockchain. They demonstrate that Solaxy aims to be a full-stack, interoperable ecosystem designed to revolutionize the Web3 world.

How to Buy Solaxy Before the Presale Ends

At the start of the Solaxy presale, the project offered SOLX tokens at an initial price of $0.001. The cryptocurrency is currently priced at $0.001766 as it continues to increase in value before the project’s public launch.

With the presale ending in less than 2 days, investors have a small window to invest before SOLX gets listed on major exchanges.

Investors can purchase the trending Solana Layer-2 token by connecting a Web3 wallet to the Solaxy presale website and exchanging USDT, USDC, SOL, ETH, or BNB for SOLX. Staking rewards are also enabled, allowing investors to lock their tokens and earn an APY of up to 78%.

Visit Solaxy Presale