Solana

With Solana facing growing congestion challenges, a new Layer-2 scaling solution is beginning to draw investor attention.<a href="https://lastedge.care/b_solaxy-en_1250?referrer&#61;solana-layer-2-project-solaxy-nears-%243m-milestone-in-presale-phase" rel="noopener noreferrer nofollow">Solaxy (SOLX)</a>, aiming to become Solana’s first Layer-2 protocol, has raised almost $3 million in its ongoing token presale event.SOLX Token Presale – Price Stages and Staking RewardsSince going live, the <a href="https://x.com/SOLAXYTOKEN/status/1869353341555519986" rel="noopener noreferrer nofollow">Solaxy presale</a> has passed through multiple price stages. SOLX tokens are currently priced at $0.00157 each, although each new funding milestone triggers a slight price increase.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5b358b25fb004d8e95000cf58a706a92.jpeg" />For those looking to participate, the presale accepts ETH and USDT payments, with credit/debit card options for those new to crypto. Additionally, presale buyers can <a href="https://solaxy.io/en/staking" rel="noopener noreferrer nofollow">stake their SOLX tokens</a> for potential rewards. The project will disburse staking rewards over a three-year period.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4499e79f9eeb4571bcad2951d1c591d6.jpeg" />Blockchain security firm <a href="https://coinsult.net/projects/solaxy/" rel="noopener noreferrer nofollow">Coinsult</a> has also audited the SOLX smart contract. Their audit found no issues or vulnerabilities with the token’s code.Though Solaxy has yet to announce the final presale price and launch date, interested investors can follow its development through its <a href="https://x.com/SOLAXYTOKEN" rel="noopener noreferrer nofollow">X (formerly Twitter)</a> and <a href="https://t.me/solaxytoken" rel="noopener noreferrer nofollow">Telegram</a> channels. The team posts regular updates on the project’s progress and presale milestones.How Solaxy Solves Network Congestion Through Layer-2 Technology<a href="https://lastedge.care/b_solaxy-en_1250?referrer&#61;solana-layer-2-project-solaxy-nears-%243m-milestone-in-presale-phase" rel="noopener noreferrer nofollow">Solaxy</a> aims to tackle one of Solana’s biggest pain points: network congestion. The protocol works by moving transactions off the main Solana chain and processing them on a dedicated Layer-2 network – reducing the load on Solana’s infrastructure.This approach employs a rollup architecture that bundles multiple transactions together before settling them back on Solana’s mainnet. The aim is to allow for higher transaction throughput.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/1e0282214ec5410a974525f85e327d3a.jpeg" />Solaxy also emphasizes interoperability. It’s designed to bridge the gap between Solana and Ethereum, allowing users to move assets between the two blockchains. Solaxy’s team hopes this will open up possibilities for cross-chain applications and DeFi integrations.The project has already caught the attention of several crypto commentators. For example, the team at <a href="https://youtu.be/KKes-oruIno?si&#61;Kt2ddjWoynflWYRI" rel="noopener noreferrer nofollow">99Bitcoins</a> recently released a video discussing Solaxy, breaking down its approach to solving Solana’s scalability challenges.About Solaxy (SOLX)<a href="https://lastedge.care/b_solaxy-en_1250?referrer&#61;solana-layer-2-project-solaxy-nears-%243m-milestone-in-presale-phase" rel="noopener noreferrer nofollow">Solaxy</a> is developing a Layer-2 scaling protocol for the Solana blockchain to reduce congestion and prevent failed transactions. Its native token, SOLX, will power transactions on the network.Users can visit the Solaxy presale <a href="https://lastedge.care/b_solaxy-en_1250?referrer&#61;solana-layer-2-project-solaxy-nears-%243m-milestone-in-presale-phase" rel="noopener noreferrer nofollow">here</a>.Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Solana Layer-2 Project Solaxy Nears $3M Milestone in First Week of Token Presale

Optimisus

Other articles published on Dec 19, 2024

Bitcoin price has legs above $100K despite holders booking record profits — Analysis

Crypto Market Update: Bitcoin Rallies, TON Wallet Launches, and $2.2 Billion in Hacks Uncovered

Santa’s Crypto Picks: 3 Altcoins to Watch as the Market Heats Up

Michael Saylor, Elon Musk's Bitcoin 2020 Discussion Flashback: Details

Kicking Yourself Over Bitcoin Cash? This New Layer 1 Project is Making Splashes as the Best Crypt...

BTC reclaims $100K but weekly chart forming ‘bearish engulfing’ candlestick

Join our free newsletter for daily crypto updates!