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

Strive Increases Bitcoin Holdings to 26,355 BTC

Strive has disclosed a purchase of 1,355 BTC, raising its total Bitcoin holdings to 26,355 BTC.

user avatarAisha Farooq

Broadcom Set to Gain from Alphabet's Custom TPU Sales

Broadcom is set to benefit from Alphabet's decision to sell custom TPUs to external data centers, enhancing its AI semiconductor revenue through a long-term agreement until 2031.

user avatarBayarjavkhlan Ganbaatar

Alphabet Enters Hardware Market with Custom TPUs for Data Centers

Alphabet announces the sale of its custom-made Tensor Processing Units (TPUs) to external data centers, marking a significant move into hardware sales.

user avatarTenzin Dorje

CoinsBee and TRON DAO Launch Discount Campaign for USDT Payments

CoinsBee, in collaboration with TRON DAO, is launching a campaign that offers eligible users a 2% discount on purchases made with USDT on TRON.

user avatarMohamed Farouk

USDT on TRON Surpasses Bitcoin as Most Used Payment Method on CoinsBee

USDT TRC20 on the TRON network has become the most used on-chain token and payment option on CoinsBee, surpassing Bitcoin and Ethereum in payment activity.

user avatarElias Mukuru

Panel Discussion on Trading Insights at Zoomex After Party

A flagship panel titled 'Where's the Edge' will feature industry KOLs discussing trading strategies and market dynamics.

user avatarKenji Takahashi

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.