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

XRP's Technical Indicators Point to Potential Bullish Momentum

XRP's technical indicators suggest a possible bullish crossover, despite a bearish death cross setup.

user avatarMaya Lundqvist

Crypto Market Sees Recovery as Bitcoin Surges Above 80,000

Crypto traders are feeling more optimistic today as Bitcoin has climbed back above 80,000 after a tough period marked by a Federal Reserve rate hike and a Senate vote against the Clarity Act.

user avatarLeo van der Veen

US Treasury Targets BitBank in Sanctions Evasion Crackdown

The US Treasury has sanctioned BitBank, an Iranian exchange involved in facilitating Bitcoin payments for shipping companies in the Strait of Hormuz.

user avatarLi Weicheng

Solana Reclaims 105 Price Level After Market Dip

Solana's price recently fell to 96 after a marketwide dip but has since rallied to reclaim the 105 mark, experiencing a 56% increase in the last 24 hours.

user avatarAisha Farooq

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

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.