Solana Closes On All-Time Excessive As First Layer-2 SOL Venture Smashes $11M In Presale Funds

Solaxy ($SOLX), the primary Layer-2 constructed on Solana ($SOL), has raced previous $11 million in presale funding after including one other $1 million up to now few days. 

With a median every day run price of roughly $343,750, the venture is clearly attracting growing consideration from traders and gaining momentum because it approaches the second month of its fundraising marketing campaign.

Solaxy is seeking to hop on the $SOL bull run, which simply hit weekly highs, and cruise its option to $12 million inside the subsequent week. And early traders realizing the chance of holding the subsequent Solana can get $SOLX at $0.001604 on the present stage of its presale, however that value is ready to extend quickly with the subsequent funding stage beginning in below two days.

Solana’s $SOL used to commerce 39,909.61% under its present worth, however with excessive throughput, low latency, and low charges, it grew to become a constructing floor for brand new dApps that sparked the demand for $SOL. Now, Solaxy is constructing on that success, taking Solana to the subsequent stage with much more scalability and innovation.

For those who’re seeking to get in early, now’s the time. Don’t miss the possibility to seize $SOLX earlier than the worth goes up and the presale window closes.

Solaxy Goals To Carry Larger Scalability And Community Effectivity To Solana

Like most altcoins, Solana’s value motion in current weeks has mirrored that of Bitcoin ($BTC). When Bitcoin spiked to $100,000 on January 6, solely to rapidly dip under that stage after which commerce decrease for the subsequent 9 days, Solana’s motion was practically an identical. $SOL dropped from over $212 and traded under $200 till Thursday.

As $BTC is again above $100,000, $SOL has additionally regained floor to commerce at $253.53 on the time of writing, simply 5.5% in need of its all-time excessive after surging 36% up to now 24 hours.

Supply: TradingView

Solana has earned the nickname “Ethereum killer” because of its superior scalability, quicker transaction speeds, and considerably decrease charges in comparison with Ethereum. Whereas the concept of Solana totally changing Ethereum remains to be up for debate, Ethereum’s huge developer ecosystem, extra decentralized construction, and ongoing upgrades make it troublesome for any competitor to overhaul it within the close to future.

That stated, Solana is outpacing Ethereum in not less than one space: DEX quantity. In line with knowledge from DefiLlama, Solana leads all chains with $113 billion in DEX quantity, in comparison with Ethereum’s $73 billion.

Dexs – DefiLlama

But, for Solana maximalists, there are nonetheless areas for enchancment. One of many key challenges is the way in which its community verifies and tracks person accounts. To deal with this, the Solana group has proposed a “lattice-based homomorphic hashing operate” to boost community effectivity and velocity.

Even earlier than that improve is applied, a brand new venture, Solaxy – Solana’s first-ever Layer-2 – is already making strides as a promising resolution to boost the community considerably.

Solaxy Can Clear up Persistent Points On Solana

Solaxy is the answer to Solana’s most persistent points, together with community congestion, failed transactions, and scalability considerations. The venture offers a platform the place builders can create decentralized purposes and launch new tokens that make the most of and even improve Solana’s Layer-1 capabilities.

Whereas many have already loved utilizing Solana to launch meme cash via Pump.enjoyable, Solaxy goals to offer a good smoother, quicker expertise by addressing a few of Solana’s ache factors, paving the way in which for extra seamless meme coin launches within the ecosystem.

On the coronary heart of all of it is the $SOLX token, which serves as the first forex for transactions. As Solaxy continues to develop in growth and its group expands, $SOLX is predicted to realize much more traction.

In only a month since its introduction to the crypto world, Solaxy has already raised vital capital, reflecting its fast recognition by the Solana group. Plus, with over 60,000 followers on X, it’s clear the venture is gaining huge traction.

But, for these pondering Solaxy is simply one other option to bolster Solana’s place in opposition to Ethereum, they’d be mistaken. $SOLX really bridges the ecosystems of each Solana and Ethereum, providing interoperability that connects Ethereum’s DeFi world with Solana’s effectivity.

Will $SOLX Carry 399x Returns Like $SOL?

As talked about, at its present value, $SOL has already flipped 399x. The massive query now’s whether or not a Layer-2 token like $SOLX can obtain related returns.

Taking a look at previous precedents, Ethereum’s Layer-2 tokens boast a mixed market capitalization of over $17 billion, with the highest 5 tokens every valued at over $1 billion.

Being the pioneering Layer-2 on Solana, $SOLX is poised to play a important function in unlocking Solana’s untapped potential. The Solana group is coming to phrases with the truth that the blockchain isn’t excellent, and proposals to enhance it, together with Solaxy, are taking essential steps to deal with its shortcomings.

With this in thoughts, it’s not unreasonable to assume $SOLX might replicate and even surpass the positive aspects of $SOL over time. 

Trusted crypto schooling platform 99Bitcoins has forecasted sturdy returns, projecting a conservative 10x achieve for $SOLX, which could possibly be realized upon its change debut, given the early assist it’s already receiving. As investor entry broadens, these positive aspects might speed up even additional.

How To Purchase Subsequent Solana, $SOLX

Go to the Solaxy web site and join your pockets, comparable to Finest Pockets, to get began.

Finest Pockets, a cutting-edge crypto pockets, has featured Solaxy in its “Upcoming Tokens” record. This record has a robust observe file of figuring out promising tasks, together with hits like Pepe Unchained ($PEPU) and Catslap ($SLAP).

For Finest Pockets customers, shopping for $SOLX is easy and might be accomplished instantly via the app.

Keep up to date with all issues Solaxy by becoming a member of their group on X and Telegram.

Take a look at Solaxy.