Solaxy Raises Nearly $5 Million in Presale Within Days

Solaxy Raises Nearly $5 Million in Just One Week

The Solaxy Layer 2 protocol has successfully raised nearly $5 million in its first week of presale, drawing significant attention from investors. Solaxy ($SOLX) is positioned to address the severe congestion issues on the Solana network through its innovative offline transaction bundling mechanism.

Solaxy Instantly Resolves Solana’s Congestion Issues

The Solana mainnet has recently faced criticism due to severe congestion, delaying transaction settlements and causing financial losses for users.

The primary causes include:

• High-Frequency Trading (HFT): Increased transactions of Solana tokens and other supported assets.
• Meme Coin Hype: Soaring trading volumes due to the growing demand for meme coins have stress-tested the network.

Solaxy's Solution:
Solaxy employs an offline transaction bundling mechanism that reduces the load on the mainnet by aggregating multiple transactions into a single block before processing.

This can be likened to a freeway where the Solana mainnet acts as a six-lane highway handling all transactions. Solaxy effectively reduces traffic by bundling multiple cars (transactions) into fewer vehicles, ensuring smoother traffic flow.

According to the project’s whitepaper, this solution enhances the Solana network’s reliability, accelerates execution, and minimizes transaction failures during peak times.

Early Investors Rewarded with $SOLX Tokens

The $SOLX token is integral to the Solaxy ecosystem:

• Transaction Fees: Every Layer 2 transaction requires a small $SOLX fee.
• Governance: Token holders gain a say in project governance.
• Access to Features: Developers can leverage critical tools using $SOLX.

Currently, each token is priced at $0.00157 and can be purchased using ETH, USDT, or bank cards. However, the price will increase as batches are fully allocated or the presale reaches its deadline.

Once the presale concludes, the development team plans to list $SOLX on major exchanges, enhancing liquidity and accessibility. The total supply of $SOLX is capped at 138.046 billion tokens, creating a scarcity factor that could drive up prices as demand grows.

Experts Predict 10X Growth for $SOLX

With nearly 952 million tokens already locked, early investors have demonstrated strong confidence in Solaxy's potential. Current staking rewards for $SOLX offer an impressive 831% yield, incentivizing investors to support the project during its early stages.

Crypto experts, including those from 99Bitcoins, have praised Solaxy for its ability to enhance the Solana ecosystem by accelerating transactions and resolving congestion issues. They predict $SOLX could achieve a 10X price increase after being officially listed.

This positive sentiment has significantly boosted public awareness of Solaxy, with endorsements from prominent crypto channels like 99Bitcoins, which has over 719,000 subscribers.

If Solaxy continues to capitalize on its momentum, it is poised to transform the Solana blockchain and redefine the ecosystem’s capabilities.