Early backers strongly support Solaxy (SOLX) as its record-breaking presale continues. The project has already raised over $49.5 million, reflecting investor enthusiasm for its offerings.
Solaxy ranks among the largest ICOs of the year and is the largest Solana-based presale. Investors rush to secure their position with only 48 hours left before the presale ends. The token will launch on exchanges next week.
The broader market is also heating up, with Bitcoin trading at $105K and gearing up for another breakout. Analysts expect the next bull leg to start soon. Projects like Solaxy are positioned to take advantage of such a move.
Solaxy is the first Layer-2 network built for Solana. It addresses major issues that have disrupted the blockchain during critical moments. High-profile meme coin launches have triggered network outages and downtime.
This solution ensures smoother performance and greater reliability. These problems have been a barrier for developers and traders, causing frustration and financial losses.
Solaxy’s Layer-2 solution verifies transactions using rollups and off-chain processing. It groups them into a single transaction and sends them to the Solana mainnet for final settlement. This way, Solana only has to deal with one instead of blocking the network with multiple transactions.
The team recently launched its testnet, providing users a hands-on experience of Solaxy’s performance. Developers can now connect using Backpack Wallet and Solaxy’s custom RPC.
Once connected, users can move SOL between Solana devnet and Solaxy testnet. Using Solana’s devkit, they can deploy smart contracts and track transactions via the block explorer.
The team is developing two major releases: a token launch platform and a decentralized exchange. Tokens that complete their bonding curve on the launchpad will be listed on the DEX. They will be available for trading with enhanced liquidity.
The Solaxy team burned over 35 billion tokens worth over $62 million. Their move aims to reduce the token supply before its exchange listing. This strategy is expected to help the token soar once trading begins.
The SOLX token drives the Solaxy ecosystem. Users pay gas fees and access staking rewards using SOLX. However, despite its focus on Solana, SOLX has multi-chain capabilities, enabling it to bridge Solana and Ethereum.
This means that user liquidity from Ethereum can access Solana’s processing capabilities freely. To make the bridge smoother, Solaxy partnered with Hyperlane to create an instant and intuitive user flow.
SOLX is available at a discounted price during the presale. Early investors have only 72 hours to purchase SOLX before the presale ends. This is their final chance to secure tokens before the listing.
Buyers can also stake their SOLX during the presale and earn a dynamic yield of 84%. 99Bitcoins, a well-known crypto analysis channel, expects SOLX to deliver 10x gains after launch.
The channel has over 700K YouTube subscribers who follow its insights. This prediction highlights the crypto community’s strong confidence in SOLX.
Solaxy Ready To Launch! Analysts Are Expecting How Much Gains?!
Solaxy’s success comes from delivering real solutions, not just hype. The project has tackled critical issues that have affected Solana for a long time.
Investors have shown strong confidence by contributing over $48 million in presale funding. This support reflects a solid bet on the project’s future growth.
Interested investors can buy SOLX from the official Solaxy presale website using SOL, ETH, BNB, USDT, or bank cards. Alternatively, they can access the presale via Best Wallet, available on iOS and Android devices.
Visit Solaxy Presale
Less than 72 hours before the presale closes, the window to buy SOLX at discounted prices is closing fast. Follow Solaxy on X and join the project’s Telegram channel to get the latest token claiming process and exchange launch information.
Read more on The Coin Republic
