Emily Walker
Just four days after reaching the $4M mark, the new presale project Solaxy (SOLX) has already hit $5M. Achieving this in just ten days is impressive. So, what distinguishes Solaxy?
Solaxy stands out as Solana’s first Layer-2 solution specifically designed for meme coins. This innovation enables Solaxy to alleviate congestion on the Solana network by managing some transactions off-chain.
Additionally, Solaxy creates a bridge between Solana and Ethereum, harnessing the strengths of both networks—such as enhanced liquidity, security, and developer tools—while addressing their limitations to form a robust new ecosystem.
Enhancing Solana: Speeding Up and Reducing Costs for Meme Coin Trading
This year, Solana experienced a significant surge in user interest, mainly driven by its expanding meme coin market. The appeal lies in Solana’s remarkable speed, low transaction fees, and flexible developer features. With platforms like pump.fun, anyone can create a meme coin on Solana without needing any coding expertise.
However, Solana’s impressive success has led to its own troubles, as its network has struggled with increased traffic and performance issues.
Solaxy’s mission is to streamline transactions on Solana, making them quicker and more economical through its Layer-2 technology, thereby reducing congestion and failed transactions.
Despite Solana’s founder, Anatoly Yakovlenko, labeling Layer-2 solutions as parasitic if they drain more resources than they contribute, Solaxy aims to complement rather than replace Solana. By integrating Solana’s strengths with Ethereum’s liquidity and security, it seeks to create a high-performance environment for traders amid rising transaction volumes.
$5M Raised, 755% Staking APY – Will SOLX Follow BONK’s Footsteps?
The Solaxy presale began on December 14, swiftly raising $1M within three days. The project’s Twitter account is approaching 20,000 followers, and influencers like ClayBro have recognized significant potential in Solaxy’s Layer-2 innovation.
It is too soon to tell if SOLX can replicate the success of prominent Solana meme coins like BONK or PENGU. However, the project has shown clear community interest, as evidenced by the $5M raised, primarily aimed at product development and marketing to broaden its outreach.
A significant 25% of the total token supply is allocated for staking rewards, with early supporters already staking over 1.5 billion SOLX at an impressive 755% APY.
The presale is set to conclude in early 2025, with the SOLX price gradually increasing every few days. Therefore, it may be unlikely to find SOLX at this low price point of $0.001578 per token in the future.
Post-token claim, SOLX is anticipated to appear on top-tier decentralized and centralized exchanges. While no official listings are confirmed yet, it seems feasible for platforms like Uniswap and Binance to support a project with robust utility and community backing.
Discover Solaxy Before It Takes Off
Meme coins are at the forefront of the current bull market. Unlike 2021, when meme projects thrived solely on hype, today’s offerings, including Solaxy, incorporate genuine utility. This positions Solaxy as a noteworthy quasi meme coin with substantial value.
If you wish to join this journey before it fully launches, head to the official Solaxy presale site, connect your wallet, and exchange ETH, USDT, or BNB for SOLX.
Yet, exercise caution—cryptocurrency markets are unpredictable. Conduct your own research and only invest amounts you can afford to lose.