Just four days after reaching the $4 million milestone, new presale project Solaxy (SOLX) reached $5 million. Ten days is an astonishing pace to raise millions in funding. What is special about Solaxy?
Well, Solaxy is Solana’s first Layer 2 solution focused on meme coins. This means that Solaxy could solve Solana’s congestion problems by settling some of the transactions off-chain.
Additionally, Solaxy connects Solana to Ethereum. It takes the best of both networks: high liquidity, security and developer tools, fixes their shortcomings and delivers an entirely new, powerful ecosystem.
Saving Solana from itself – faster and cheaper meme coin trading
Solana has seen a massive surge in user interest this year, largely driven by the burgeoning meme coin sector. The reason is simple: Solana offers high speeds, low fees, and versatile developer tools. In fact, with pump.fun anyone can launch a meme coin on Solana without any programming knowledge.
But in a way, Solana became a victim of his own success. The network’s performance was affected due to heavy traffic.
Solaxy wants to make transfers on Solana smoother, faster and cheaper with its Layer 2 technology. No more traffic jams and failed transactions.
It is true that Solana founder Anatoly Yakovlenko considers Layer-2s to be parasitic when they drain more resources from the base layer than they contribute, as in the case of Ethereum.
However, Solaxy does not want to replace Solana. Instead, it builds on the strengths of Solana and combines them with the liquidity and security of Ethereum to create a powerful network for Degen traders. A network that meets ever-growing transaction volumes.
$5 Million Raised, 755% Staking Per Year – Can SOLX Repeat BONK’s Success?
Pre-sales for Solaxy began on December 14th and raised $1 million in three days. The project’s X account has almost 20,000 followers and opinion leaders like ClayBro see great potential in Solaxy’s Layer 2 solution.
It is still too early to judge whether SOLX will repeat the success of top Solana meme coins such as BONK and PENGU. However, the community’s interest is evident in the $5 million raised, most of which will go toward product development and marketing to expand the project’s reach.
A significant 25% of the total token supply is reserved for stake rewards. Early adopters have already staked over 1.5 billion SOLX at an APR of 755%.
The presale will end in early 2025, but the SOLX price will be gradually increased every few days. This means that SOLX may never be as cheap as it is now, just $0.001578 per token.
After the token claim, we expect SOLX on Tier 1 DEXs and CEXs. To clarify, no entries have been confirmed yet. However, it would not be an exaggeration to assume that companies like Uniswap and Binance will support a project with such great utility and community support.
Be the first to discover Solaxy
Meme coins are leading this bull cycle. But unlike in 2021, when meme projects relied on hype alone, this time they add solid utility. And Solaxy is a prime example of such a quasi-meme coin with real value.
If you want to board this spaceship before it takes off, visit the official Solaxy presale website, connect your wallet and exchange ETH, USDT or BNB for SOLX.
However, don’t take anyone’s word for it. There are no guarantees in the crypto market. Remember DYOR and only invest as much as you can afford to lose.