As Solana faces increasing congestion challenges, new scaling solutions are beginning to attract investor attention.
SOLX Token Presale: Stages and Rewards
Solaxy aims to be Solana’s first Layer-2 protocol and has raised nearly $3 million in its token presale. SOLX tokens are currently priced at $0.00157 each, with price increases at each milestone. Investors can participate using ETH and USDT, with payment options for credit/debit cards also available. Staking rewards are offered over three years. Blockchain security firm Coinsult audited the SOLX smart contract and found no issues.
Solaxy's Layer-2 Technology against Network Congestion
Solaxy addresses one of Solana's pain points: network congestion. By shifting transactions onto a dedicated Layer-2 network, the protocol reduces the load on Solana's main infrastructure. It uses a rollup architecture that bundles transactions before settling them on the mainnet, improving throughput. Solaxy's design supports interoperability between Solana and Ethereum, enabling cross-chain applications and DeFi integrations.
About the Solaxy Project and Its Features
Solaxy is developing a Layer-2 scaling protocol for Solana to reduce congestion and prevent transaction failures. The project's native SOLX token powers transactions on the network. Solaxy also creates a bridge between Solana and Ethereum, allowing asset transfers between the blockchains.
Solaxy presents an innovative solution for scaling Solana and improving network throughput, potentially impacting the overall blockchain performance.
