As the crypto market tiptoes higher, layer 2 projects are leading the way. Solaxy ($SOLX) is no exception as its presale raise storms past the $7 million total raised mark.
The new project will be Solana’s first layer 2 blockchain, tackling the congestion issue that the network faces . The presale milestone marks a significant leap forward for Solaxy, especially given the rate at which it’s generating momentum.
As word spreads about the potential of Solaxy, investors will find that the presale price becomes higher. The presale follows a multi-tiered pricing structure, where the price rises at the beginning of each new stage.
Today’s price is $0.001586, but this stage will end in one day or when the total raise hits $7.62 million. Now is the time to act for those seeking the lowest price.
Presale contributors can maximize their gains by staking amidst the Solaxy presale. The current staking APY is 533%, but this will decrease as the staking pool grows.
Chart data shows that during the past 24 hours, the layer 2 sector has led the crypto market recovery, a potential sign of things to come should prices continue to increase.
More than an L2: Solaxy bridges Solana and Ethereum
In addition to being the first Solana layer 2 blockchain, Solaxy holds strategic exposure to the Ethereum ecosystem, ensuring $SOLX can harness crypto’s most robust liquidity infrastructure.
This multichain approach provides a unique juncture for Ethereum investors who can now diversify their portfolio, not only relying on Ethereum-based assets.
$SOLX gives Ethereum users a chance to invest in a revolutionary piece of Solana-based infrastructure, reducing the threat of Ethereum being overthrown by Solana one day, which is its most formidable competitor.
Beyond an investment opportunity, Solaxy’s multichain functionality is an innovative way for users to transfer assets seamlessly across blockchains. This paves the way for new cross-chain applications which could enhance the on-chain user experience.
Solaxy scales Solana and removes its congestion bottleneck
Solana is the most active blockchain by multiple counts. Notably, it has the most foot traffic of any network, with over 4 million users in the last day.
But Solana’s popularity creates significant congestion. This is where demand to use the network outweighs available computational resources, leading to higher fees, slower speeds, and transaction failures. An average of 40% of non-vote transactions on the Solana network are currently failing.
Congestion limits the emergence of novel Solana applications. For new applications to emerge, Solana needs to be capable of handling more transactions. In the current state, that’s unfeasible on the layer 1 chain, which is why developers are building Solaxy.
The Solaxy layer 2 blockchain will offload some of the Solana network’s transaction volume, bundling transactions and computing them on a separate blockchain before reporting back to Solana for finality.
This approach will mitigate Solana’s congestion bottleneck, allowing the network to continue growing and leading the blockchain industry’s innovation.
For these reasons, the project is generating significant interest amidst its presale. In a recent video, YouTuber Austin Hilton said it is “going to be huge” in 2025.
Hilton exclaimed to his 299K subscribers that the need for layer 2 scaling solutions will only grow as the 2025 bull market unfolds.
How to buy the $SOLX presale
As mentioned, the Solaxy presale price will gradually rise throughout the campaign with the next increase in just one day or when the total raise hits $7.62 million.
Investors can participate in the presale today by visiting the Solaxy website, connecting their wallet, and choosing the amount of $SOLX they want to buy and the crypto they wish to pay with. The presale accepts USDT, ETH, BNB and bank card payments.
Alternatively, prospective buyers can purchase $SOLX using the Best Wallet app. Best Wallet offers a range of vetted presale and newly launched cryptocurrencies via its “Upcoming Tokens” feature.
Solaxy has received a full audit from Coinsult, who found the project to be safe and secure.
Follow Solaxy on X or join its Telegram to catch the latest developments and news.
