Is Solaxy the next 10x cryptocurrency as tier 2 ICO approaches $13M?

Solaxy Token (SOLX) has seen a spike in buyer activity over the past 24 to 48 hours. This influx stems from growing awareness about Solana network congestion and vulnerabilities.

As investors look for alternatives, Solaxy is emerging as a promising solution – a layer 2 blockchain designed to enhance the scalability and reliability of Solana.

Recent challenges have exposed limitations to the Solana network, including transaction delays and high fees caused by congestion. These issues, exacerbated by memecoin activity and the launch of the “Trump Official” token, have exacerbated demand for an effective layer 2 solution.

Solaxy is on a mission to solve these concerns, providing scalability, reduced downtime, and an improved transaction experience.

Solaxy pre-order price reaches $12.8 million – Could SOLX be the next 100x cryptocurrency?

Solaxy’s growing popularity is evident in its pre-sale performance, which has generated $12.8 million at the time of writing. Investor interest continues to grow as Solaxy positions itself as a practical solution to the challenges facing the Solana network.

SOLX tokens are priced at $0.001608 each, with flexible payment options including ETH, USDT, BNB and card payments. For more information, investors can review our guide on buying Solaxy tokens here.

The Solaxy team focuses on security and transparency. Coinsult reviewed the project’s smart contracts and found no issues, boosting investor confidence. Solaxy’s early focus on transparency and strong pre-sale momentum suggest it could become a project to watch in early 2025.

The token plan strikes a balance between growth and sustainability. Developers receive 30% of the token supply, while 25% is reserved for early investors. The team has allocated 10% for exchange liquidity, 15% for marketing, and the remaining 20% ​​will be kept in the project treasury to support future growth.

source – Sollaxy Twitter

The team has not revealed which exchanges will list $SOLX first, but trading is expected to begin shortly after the token generation event (TGE) at the end of the presale.

Analysts are bullish on Solaxy’s momentum. YouTuber ClayBro suggested that $SOLX could gain 100x post-listing, a bold claim but not impossible in the fast-moving cryptocurrency space, given Solaxy’s capabilities. If you want to know what the future holds for Solaxy, you can check out our $SOLX price prediction guide.

Solaxy offers Solana’s first Layer 2 solution for improved scalability and performance

Layer 2 networks have changed how scalability works on blockchain, especially on Ethereum. These networks run on top of the backbone layer (Layer 1) to handle off-chain transactions and then settle them back on the mainnet.

This method reduces congestion, lowers costs, and still relies on the security of the main blockchain. Ethereum’s Layer 2 networks, such as Optimism and Arbitrum, have attracted billions in total value locked (TVL) and are widely used by developers and traders.

Solaxy plans to build on Solana’s success by introducing the chain’s first Layer 2 solution. Using pooling technology, it processes off-chain transactions and aggregates them for settlement on the Solana mainnet. This approach aims to reduce network congestion and reduce failure rates during busy times.

Solaxy could transform the Solana ecosystem by creating a path for new decentralized applications, including artificial intelligence and memecoins. Developers and traders are excited, its Telegram group has grown to over 3,600 members, and many are anticipating its launch.

The $SOLX token powers the Solaxy ecosystem, making transactions faster and cheaper by covering fees. Token holders can stake SOLX dollars to earn passive income, with APY rates currently standing around 294%.

In addition to staking, $SOLX will play a role in bridging the gap between Solana and Ethereum. Solaxy’s layer 2 blockchain technology delivers advanced performance, efficiency, and customization while keeping the user experience seamless.

This innovation has fueled growth, as there are more than 61,000 followers on the project’s official X account. $SOLX is also expected to provide management rights for future protocol decisions.

While early-stage cryptocurrency projects come with risks, Solaxy’s presale momentum and Solana’s potential rise to $300 make this second-tier solution worth a look. To participate in the $SOLX token presale, visit solaxy.io.

Related to

Latest ICO Coin Meme – Wall Street Baby

• Audited by Coinsult
• Early access to the pre-sale tour
• Alpha Private Trading for $WEPE Army
• Staking Pool – High dynamic APY