Solaxy, the first Layer-2 solution on the Solana platform, has reached a new milestone by raising over $20 million during its presale stage.
Solaxy’s Achievements
Solaxy, a Layer-2 solution on Solana, has surpassed the $20 million funding mark following a series of developer updates demonstrating work towards a more scalable and interconnected blockchain ecosystem.
Impact on Solana Price
The latest fluctuations in Solana's price suggest that both approval of a Solana-based ETF and new Trump-family-related tokens might influence the price. According to analysts, the likelihood of a Solana ETF approval stands at 70%.
What Recent Dev Updates Mean for Solaxy’s Future?
Solaxy is making significant strides in resolving Solana's scalability, security, and interoperability challenges. Recent developments are aimed at enhancing throughput and ensuring sustainable growth through technologies like Rollup and partnerships with Hyperlane and Sovereign Labs.
Overcoming significant technical and financial milestones highlights Solaxy’s commitment to building a more stable and scalable Solana platform.
