Standard crypto YouTuber Casperer shared a overview of Solaxy, the primary Layer 2 answer constructed on Solana, highlighting its ongoing presale and native token, $SOLX. In a short while, Solana has turn into a standout mission identified for its innovation and speedy progress within the blockchain area.
In contrast to Bitcoin, which is usually seen as digital gold, or Ethereum, identified for its programmable good contracts, Solana distinguishes itself by distinctive pace and low prices. Able to dealing with over 65,000 transactions per second—considerably surpassing the capabilities of Bitcoin and Ethereum.
What makes it much more interesting is its ultra-low transaction charges, typically costing only a fraction of a cent. This effectivity makes the community notably appropriate for high-volume use circumstances like gaming, funds, and NFTs.
At its core, Solana is a layer 1 blockchain constructed to assist scalable functions with out the delays or excessive fuel charges generally seen on different chains.
It makes use of a novel consensus mechanism generally known as Proof of Historical past, which permits transactions to be processed in parallel somewhat than sequentially—one of many key causes behind its exceptional efficiency.
Though Solana stands out for its spectacular pace and minimal transaction prices, it faces just a few notable challenges. A significant concern lies in its comparatively centralized construction, pushed by excessive validator necessities that may limit broader decentralization.
Moreover, the community has skilled a number of outages and durations of instability, elevating questions on its long-term reliability. Its developer ecosystem continues to be rising, which might restrict entry to improvement instruments and group assets.
That’s why Solaxy—a brand new crypto at present in presale—goals to sort out a few of these bottlenecks throughout the Solana ecosystem. Constructed as a Solana Layer 2 answer, Solaxy is designed to leverage the community’s pace and scalability whereas enhancing buying and selling effectivity and supporting high-volume meme coin exercise.
Under is an in depth breakdown of what Solaxy has to supply and why it’s being acknowledged by crypto consultants as among the finest meme cash to purchase now.
Supply – Casperer on YouTube
Solaxy’s Strategic Updates and Progress In direction of Unlocking Solana’s Full Potential
Solaxy itself is described as the following evolution of blockchain know-how throughout the Solana ecosystem, aiming to resolve long-standing points akin to community congestion and failed transactions whereas sustaining excessive effectivity, safety, and scalability.
Solaxy introduces a next-generation framework geared toward absolutely harnessing the ability of the Solana community. Solaxy’s current updates showcase important progress in bettering each efficiency and consumer expertise.
On March twenty fifth, the crew built-in a brand new sequencer from the Sovereign SDK, enabling tender confirmations that present sooner validation earlier than rollup processing. This replace additionally facilitates a smoother transition between fundamental and tender affirmation kernels.
The crew continues to optimize rollup efficiency, collaborating with Sovereign on a brand new caching mechanism to spice up transaction pace and enhance total transactions per second (TPS), whereas decreasing overhead by refined serialization and deserialization.
Moreover, Solaxy is enhancing safety in testnet situations by fine-tuning its validator setup in collaboration with Hyperlane. The April fifteenth replace introduced the upcoming launch of the Solaxy Block Explorer on April nineteenth.
Additional evaluation confirmed that Solaxy can maintain 140KB/s on Solana’s mainnet, enabling sooner information storage and improved consumer expertise. The crew can also be focusing on 10,000 TPS for rollup efficiency and resolving bugs associated to the rollup’s alignment with native Solana L1 habits in UIs.
Solaxy’s $SOLX Token Presale: Early Buyers Get the Finest Deal Earlier than Market Launch
The native token of Solaxy, $SOLX, is at present accessible in presale, providing early buyers the chance to purchase at its lowest value earlier than it hits the market. To date, the presale has raised a powerful $30.6 million, with every token priced at $0.001698.
Buying $SOLX is easy and versatile—buyers can purchase utilizing a bank card or by varied cryptocurrencies, with assist for well-liked wallets. We advocate Finest Pockets, which permits customers to purchase, promote, ship, and obtain crypto throughout greater than 60 blockchains.
This early entry is being promoted as an opportunity to generate important returns, particularly with the choice to stake $SOLX for passive revenue yields exceeding 132% yearly—although it’s famous that returns lower over time.
Tokenomics for $SOLX features a complete provide of 138 billion tokens, with allocations as follows: 20% for the treasury, 15% for advertising, 25% for group rewards, 10% for change listings, and 30% for mission and ecosystem improvement.
The mission emphasizes transparency, having handed a sensible contract audit by Coinsult. After the presale, the token might be launched on a number of networks and listed on each centralized and decentralized exchanges.
buyers are urged to behave swiftly, as Solaxy is ready to determine itself as a key participant throughout the Solana ecosystem. To participate within the $SOLX token presale, go to solaxy.io.