Subsequent Successor to Solana? New Layer 2 Platform Raises $37 Million

In what’s turning out to be one of many hottest ICOs of the yr, Solana’s solely Layer 2 platform, Solaxy (SOLX), has raised over $37 million. After SOLX attracted over $1 million in contemporary capital in the course of the previous 48 hours, it’s clear that traders are nonetheless bullish on the AI and meme coin crossover sector.

A couple of market commentators are questioning whether or not Solana actually wants a Layer 2, however anybody who makes use of the Solana (SOL) Layer 1 chain is aware of it has confronted scalability points and occasional downtime. These are massive purple flags that may scare off establishments and bigger consumers, who usually keep away from techniques that may buckle underneath the burden of utmost transaction volumes.

Quite a few analysts and companies like VanEck are backing Solana’s development towards the psychological $500 degree. Nonetheless, to realistically hit this aim, Solana’s L1 might want to begin tackling its congestion points.

Due to this fact, a Layer 2 resolution like Solaxy is key to SOL’s long-term development. As the primary L2 for Solana, Solaxy is designed to deal with community congestion by offloading extra transaction quantity, permitting Solana’s essential chain to remain lightning-fast and dependable even throughout intense demand spikes.

The present SOLX token worth is $0.001726—and with the presale’s tempo accelerating, traders may not have a lot time left to take part earlier than the token sells out.

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Solana Forecast to Hit $520 by 2025 as Institutional Curiosity Surges

One cause Solaxy has gained a lot consideration is the bullish outlook for Solana itself. The funding administration agency VanEck has even predicted that SOL will attain $520 by the top of 2025.

This formidable worth goal relies on a number of elements. VanEck’s modeling means that Solana’s slice of the good contract platform (SCP) market may leap from roughly 15% to 22% within the subsequent six or seven months. With the full SCP market cap presumably hitting $1.1 trillion (up 43% from present ranges) by the top of December, Solana would signify an even bigger chunk of a good greater pie.

Furthermore, Solana has seen a leap in new decentralized functions (dApps), plus rising person adoption for its DeFi and NFT ecosystems.

In the meantime, a number of companies like Bitwise and Canary Capital have filed for Solana-focused ETFs. If authorised, these funds would give main traders a handy onramp, probably boosting demand for SOL.

Additionally, DeFi Growth Corp (DFDV), a NASDAQ-listed firm, has even tied government compensation to “SOL Per Share (SPS)” efficiency quite than conventional metrics. Pairing that transfer with the rumored Solana ETFs within the pipeline, it’s changing into apparent that massive gamers are betting on SOL to problem Ethereum’s dominance within the coming years.

Nonetheless, skeptics argue that Solana’s historical past of community slowdowns may undermine that development narrative. That’s why good traders are backing Solaxy, which will likely be a game-changer if it could possibly preserve Solana’s community secure underneath heavy utilization—and guarantee it could possibly really scale to satisfy demand.

Why Solaxy Might Energy Solana’s Subsequent Progress Part

For Solana to achieve contemporary all-time highs and preserve its spectacular throughput, it wants a solution to keep away from the visitors congestion that’s virtually paralyzed the chain’s operations on a number of events. Solaxy introduces a rollup-based Layer 2 resolution that processes transactions in parallel to Solana’s mainnet, then organizes them into bundles earlier than sending the ultimate information again to the L1.

This setup implies that Solana can nonetheless ship transactions at a fraction of a cent, even when utilization spikes in the course of the subsequent bull run or a serious NFT mint. By protecting charges low and speeds excessive, Solaxy positions Solana to draw extra DeFi, gaming, and NFT tasks—which is able to every drive extra transaction quantity.

Builders have already begun testing Solaxy’s bridging performance on check networks. The official “Solaxy Bridge” launch will let customers transfer tokens between Solana and Solaxy simply—a key milestone that the staff highlighted on X:

Crucially, Solaxy’s success is immediately tied to Solana’s development. Each new dApp and person that arrives on Solana’s blockchain may additionally generate extra exercise on Solaxy, pushing up the utility (and probably the worth) of SOLX.

The right way to Purchase Solaxy Tokens Earlier than the Presale Sells Out?

Solaxy’s presale has been gaining momentum, and huge traders are making massive strikes. One pockets lately spent 150 ETH (about $400,000) on SOLX, betting on the expansion potential of a Solana L2 resolution.

To safe tokens earlier than the presale ends, you may go to Solaxy’s presale portal. You should utilize in style wallets like Finest Pockets and purchase SOLX utilizing cryptos like ETH or USDT.

Comply with the on-screen directions to purchase SOLX on the present presale worth of $0.001726. Proper after buying, you may stake your SOLX tokens for as much as a dynamic 111% APY.

Go to Solaxy Presale

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Nikolay is a crypto fanatic, with a eager curiosity in rising applied sciences and funding methods. He holds lively positions throughout varied crypto exchanges, commonly analyzing and investing in promising new tasks and meme cryptos. Nikolay is thought for his means to take calculated dangers and extract worth from unconventional investments, together with his highest return being 13X with the $PEPE token.
His funding philosophy features a strategic method centered on long-term development, supported by in-depth analysis of market tendencies and improvements in crypto and blockchain applied sciences. Niki actively screens international market modifications and has a deep understanding of cryptocurrency mechanisms and their potential for improvement.