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

BTCS Prepares for Tokenized Stocks Trading Under SEC Exemption

BTCS's Imperium unit has completed compliance work for potential trading of tokenized stocks under a new SEC exemption.

user avatarKofi Adjeman

21Shares Announces Staking Distributions for Five Crypto ETFs

21Shares has announced staking distributions for five crypto ETFs, converting on-chain validation rewards into cash payouts for investors.

user avatarNguyen Van Long

Soluna and Bitdeer Expand Bitcoin Mining Partnership

Soluna and Bitdeer are increasing their Bitcoin mining capacity at Project Kati 1 in South Texas, adding approximately 7 MW of mining equipment to reach a total of 35 MW, with completion expected in November 2023.

user avatarSatoshi Nakamura

Microsoft Stock Surpasses 500 Mark Amid Analyst Buy Ratings

Microsoft's stock has climbed above the 500 level, opening at 509 during Tuesday's trading session. Analysts have given MSFT a buy rating, with predictions suggesting it could reach above 600.

user avatarJesper Sørensen

Oracle Integrates with Swift's Blockchain for Enhanced Banking Payments

Oracle announced a significant integration with Swift's blockchain ledger to facilitate tokenized deposit payments for banks.

user avatarRajesh Kumar

TRON DAO Rings Closing Bell at Cboe for TRXS Listing

TRON DAO rings the closing bell at Cboe Global Markets to celebrate the listing of TRXS, an exchange-traded product linked to TRX.

user avatarLucas Weissmann

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.