Just 4 days after hitting the $4M milestone, new presale mission Solaxy (SOLX) reached $5M. Ten days is an astonishing tempo to lift hundreds of thousands in funding. So what’s particular about Solaxy?
Well, Solaxy is Solana’s first Layer-2 answer that focuses on meme cash. This means Solaxy might resolve Solana’s congestion points by processing a part of transactions off-chain.
On prime of that, Solaxy bridges Solana with Ethereum. It takes the perfect of each networks: excessive liquidity, safety, and developer instruments, fixes their shortcomings, and delivers a completely new highly effective ecosystem.
Saving Solana From Itself – Faster, Cheaper Meme Coin Trading
Solana noticed a massive spike in user interest this 12 months, largely as a consequence of its burgeoning meme coin sector. The motive is straightforward: Solana gives excessive speeds, low charges, and versatile developer instruments. In reality, with pump.enjoyable, anybody can launch a meme coin on Solana with zero coding abilities.
But in a manner, Solana grew to become a sufferer to its personal success. The community’s efficiency took a success as a consequence of heavy visitors.
Solaxy goals to make transfers on Solana smoother, sooner, and cheaper with its Layer-2 expertise. No extra congestion and failed transactions.
It’s true that Solana founder Anatoly Yakovlenko deems Layer-2s parasitic after they take away extra assets from the bottom layer than they contribute, like within the case of Ethereum.
However, Solaxy doesn’t wish to exchange Solana. Instead, it builds upon Solana’s strengths, merging them with Ethereum’s liquidity and safety, to create a high-performance community for degen merchants. A community that may accommodate the ever-growing transaction volumes.
$5M Raised, 755% Staking APY – Can SOLX Repeat BONK’s Success?
Solaxy presale kicked off on December 14 and raised $1M in three days. The mission’s X account is nearing 20K followers, and opinion leaders like ClayBro see severe potential in Solaxy’s Layer-2 answer.
It’s nonetheless early to evaluate if SOLX will repeat the success of prime Solana meme cash like BONK and PENGU. But neighborhood curiosity is clear from the $5M raised, most of which is able to go towards product growth and advertising and marketing to broaden the mission’s attain.
A considerable 25% of the overall token provide is put aside for staking rewards. Early adopters have already staked over 1.5B SOLX at a 755% APY.
The presale will finish in early 2025, however the SOLX value will improve steadily each couple of days. This means SOLX could by no means value as little as now, simply $0.001578 per token.
After the token declare, we count on to see SOLX on tier-1 DEXs and CEXs. To make clear: no listings are confirmed but. However, it wouldn’t be a stretch to imagine the likes of Uniswap and Binance will endorse a mission with such robust utility and neighborhood help.
Be the First to Explore Solaxy
Meme coins lead this bull cycle. But not like 2021 when meme tasks relied on hype alone, this time, they add some strong utility into the combination. And Solaxy is a major instance of such a quasi meme coin carrying actual worth.
If you wish to board this starship earlier than it takes off, go to the official Solaxy presale web site, join your pockets, and trade ETH, USDT, or BNB for SOLX.
However, don’t take anybody’s phrase for it. There aren’t any ensures within the crypto market. Remember to DYOR and solely make investments as a lot as you possibly can afford to lose.
