Simply 4 days after hitting the $4M milestone, new presale challenge Solaxy (SOLX) reached $5M. Ten days is an astonishing tempo to lift hundreds of thousands in funding. So what’s particular about Solaxy?
Properly, Solaxy is Solana’s first Layer-2 answer that focuses on meme cash. This implies Solaxy might resolve Solana’s congestion points by processing a part of transactions off-chain.
On prime of that, Solaxy bridges Solana with Ethereum. It takes the most effective of each networks: excessive liquidity, safety, and developer instruments, fixes their shortcomings, and delivers a wholly new highly effective ecosystem.
Saving Solana From Itself – Quicker, Cheaper Meme Coin Buying and selling
Solana noticed a large spike in consumer curiosity this 12 months, largely resulting from its burgeoning meme coin sector. The reason being easy: Solana affords excessive speeds, low charges, and versatile developer instruments. In actual fact, with pump.enjoyable, anybody can launch a meme coin on Solana with zero coding expertise.
However in a method, Solana turned a sufferer to its personal success. The community’s efficiency took a success resulting from heavy site visitors.
Solaxy goals to make transfers on Solana smoother, sooner, and cheaper with its Layer-2 expertise. No extra congestion and failed transactions.
It’s true that Solana founder Anatoly Yakovlenko deems Layer-2s parasitic once they take away extra sources from the bottom layer than they contribute, like within the case of Ethereum.
Nonetheless, Solaxy doesn’t wish to substitute Solana. As a substitute, it builds upon Solana’s strengths, merging them with Ethereum’s liquidity and safety, to create a high-performance community for degen merchants. A community that will accommodate the ever-growing transaction volumes.
$5M Raised, 755% Staking APY – Can SOLX Repeat BONK’s Success?
Solaxy presale kicked off on December 14 and raised $1M in three days. The challenge’s X account is nearing 20K followers, and opinion leaders like ClayBro see severe potential in Solaxy’s Layer-2 answer.
It’s nonetheless early to evaluate if SOLX will repeat the success of prime Solana meme cash like BONK and PENGU. However group curiosity is obvious from the $5M raised, most of which is able to go towards product growth and advertising and marketing to broaden the challenge’s attain.
A considerable 25% of the overall token provide is put aside for staking rewards. Early adopters have already staked over 1.5B SOLX at a 755% APY.
The presale will finish in early 2025, however the SOLX worth will improve step by step each couple of days. This implies SOLX might by no means value as little as now, simply $0.001578 per token.
After the token declare, we count on to see SOLX on tier-1 DEXs and CEXs. To make clear: no listings are confirmed but. Nonetheless, it wouldn’t be a stretch to imagine the likes of Uniswap and Binance will endorse a challenge with such robust utility and group help.
Be the First to Discover Solaxy
Meme cash lead this bull cycle. However in contrast to 2021 when meme initiatives relied on hype alone, this time, they add some stable utility into the combo. And Solaxy is a first-rate instance of such a quasi meme coin carrying actual worth.
If you wish to board this starship earlier than it takes off, go to the official Solaxy presale web site, join your pockets, and alternate ETH, USDT, or BNB for SOLX.
Nonetheless, don’t take anybody’s phrase for it. There aren’t any ensures within the crypto market. Keep in mind to DYOR and solely make investments as a lot as you possibly can afford to lose.
