Solaxy, a new crypto token, has raised $26.1 million in its presale, aiming to address Solana's challenges with a Layer-2 solution.
Solaxy's Goals and Capabilities
Solaxy aims to improve the Solana network's efficiency through its Layer-2 solution that reduces congestion and enhances transaction processing speeds. Solaxy also plans to provide a flexible platform for developers to build optimized decentralized applications and enable cross-chain interoperability with Ethereum.
Analysts' Attention to Solaxy
Solaxy's presale has caught the attention of leading crypto analysts and influencers. For instance, popular YouTuber ClayBro regards Solaxy as one of the most promising presales of the year. He noted that despite the challenges in the crypto market, Solana's trading activity increase could drive demand for the Layer-2 solution Solaxy offers. ClayBro also warns of the inherent risks in any new crypto investment.
Solaxy's Staking Program
Beyond Layer-2 developments, Solaxy offers an attractive staking model with an annual yield of 156%. Currently, over 7.3 billion SOLX tokens are staked, reflecting investor confidence in the project's long-term potential.
Solaxy has garnered significant attention in the crypto community with its presale and innovative approach to enhancing the Solana network. The project promises to be one of the anticipated market standouts in the coming years.
