Simply 4 days after hitting the $4M milestone, new presale venture Solaxy (SOLX) reached $5M. Ten days is an astonishing tempo to boost tens of millions in funding. So what’s particular about Solaxy?
Properly, Solaxy is Solana’s first Layer-2 answer that focuses on meme cash. This implies Solaxy might resolve Solana’s congestion points by processing a part of transactions off-chain.
On high of that, Solaxy bridges Solana with Ethereum. It takes one of the best of each networks: excessive liquidity, safety, and developer instruments, fixes their shortcomings, and delivers a completely new highly effective ecosystem.
Saving Solana From Itself – Quicker, Cheaper Meme Coin Buying and selling
Solana noticed a large spike in person curiosity this yr, largely resulting from its burgeoning meme coin sector. The reason being easy: Solana gives excessive speeds, low charges, and versatile developer instruments. Actually, with pump.enjoyable, anybody can launch a meme coin on Solana with zero coding expertise.
However in a approach, Solana grew to become a sufferer to its personal success. The community’s efficiency took successful resulting from 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.
Nevertheless, Solaxy doesn’t need to exchange Solana. As a substitute, 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 might 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 venture’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 guage if SOLX will repeat the success of high Solana meme cash like BONK and PENGU. However group curiosity is obvious from the $5M raised, most of which can go towards product improvement and advertising to increase the venture’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 regularly each couple of days. This implies SOLX might by no means value as little as now, simply $0.001578 per token.
After the token declare, we anticipate to see SOLX on tier-1 DEXs and CEXs. To make clear: no listings are confirmed but. Nevertheless, it wouldn’t be a stretch to imagine the likes of Uniswap and Binance will endorse a venture with such robust utility and group help.
Be the First to Discover Solaxy
Meme cash lead this bull cycle. However not like 2021 when meme initiatives relied on hype alone, this time, they add some strong utility into the combo. 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 change ETH, USDT, or BNB for SOLX.
Nevertheless, don’t take anybody’s phrase for it. There are not any ensures within the crypto market. Keep in mind to DYOR and solely make investments as a lot as you possibly can afford to lose.
