Solaxy: Layer-2 Solution for Solana's Congestion

user avatar

by Giorgi Kostiuk

2 years ago

Solaxy has caught the interest of the crypto community by offering a Layer-2 solution for Solana's network congestion while achieving impressive presale results.

Solaxy as a Solution for Solana's Congestion

Over the weekend, Solana's network was challenged by increased trading volumes of TRUMP and MELANIA tokens, causing transaction delays and system outages. Solaxy proposes a solution by handling transactions off-chain and bundling them back, reducing congestion and transaction fees significantly.

Solaxy Presale Hits $13 Million

Solaxy continues to draw attention, having raised over $13 million in its presale. Initially launched on Ethereum, the project is now accessible to Solana users, offering $SOLX tokens at $0.00161 each, attracting a large number of investors before moving to the next phase.

Features of Solaxy Ecosystem

Beyond scaling, Solaxy offers an Ethereum bridge, a staking app, and balanced tokenomics. The bridge allows users to access Ethereum's liquidity pools while enjoying Solana's speed. The built-in staking app enables $SOLX holders to earn rewards with annual rates up to 287%.

Solaxy shows potential to solve Solana's scalability issues by offering an innovative Layer-2 solution and achieving stable growth in its presale. Projections for $SOLX remain optimistic.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Cardano's Stablecoin Market Surpasses 702 Million

As of October 18, Cardano's stablecoin market has reached a notable milestone, with the total supply of dollar-pegged tokens hitting approximately 702 million.

user avatarFilippo Romano

Aptos Reports Token Burn and Staking Emissions

Aptos has burned approximately 174,570 APT in the last 30 days while issuing around 15 million APT through staking.

user avatarEmily Carter

Cross River Bank Integrates Ripple's RLUSD Stablecoin for Enhanced Payment Solutions

Cross River Bank integrates Ripple's RLUSD stablecoin to enhance payment solutions for fintech customers.

user avatarTomas Novak

Stocklinked Tokens in DeFi Surge to $2.624 Billion

Stocklinked tokens in decentralized finance reached approximately $2.624 billion by the end of September 2026, marking an 18-fold increase from the beginning of the year.

user avatarKaterina Papadopoulou

Fidelity's Assessment Highlights Solana's Improved Reliability

Fidelity's assessment indicates Solana has operated for over two years without major outages, achieving a 99.7% vote success rate, but warns of concerns regarding validator concentration.

user avatarMaya Lundqvist

BitTorrent Unveils New Whitepaper and Brand Upgrade for Web3 and AI

In October 2023, BitTorrent unveiled a comprehensive brand upgrade and a new whitepaper outlining a tripartite architecture for decentralized content distribution and compute, aiming to enhance operational efficiency for Web3 and AI applications.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.