With more than $3 million raised just in April alone, Solaxy (SOLX) has now raised a total of $32 million and is one of the best-performing presales in recent history. The project’s aim to build a game-changing Layer-2 for the Solana network is clearly resonating with investors.
Could this propel it to explode when the token launches on exchanges? Let’s take a look at what makes Solaxy stand out and whether the current market conditions make it an attractive buy.
Solaxy Resolves Solana’s Congestion-Related Issues
According to data from Token Terminal, Solana had 5.4 million daily active users in late January, following the launch of Official Trump (TRUMP), when the massive spike in on-chain activity made its scalability issues transparent.
With some transactions taking days to process, while others failed entirely, Solana’s active daily user count halved by March. However, the popularity of Solana-based tokens, which grew by 4% on April 28th to reach a collective market cap of over $11 billion, is now fueling increased network activity on Solana.
Following renewed investor interest in its ecosystem, Solana has been dominating the charts throughout April, which is why Solaxy’s upcoming release represents excellent news for its users.
Solaxy will release a Layer 2 blockchain for Solana, which will enhance its scalability by bundling transactions and processing them in Solana’s stead before they are finalized on Solana’s mainnet.
This way, users can expect faster transactions that are less prone to failing and lower gas fees, without having to give up on Solana’s robust security.
As the launch of the Solaxy Layer 2 nears, the team behind Solaxy is constantly updating the community on their progress and updates, with the latest dev update highlighting their work on handling a large number of transactions during high-traffic hours.
Experts Praise Solaxy’s 10X Potential and Developer Transparency
Solaxy’s developers don’t intend to release just its Layer 2 blockchain, as they’re working on an entire ecosystem complete with a token launchpad, cross-chain swaps, and more.
According to the team behind Solaxy, its token launchpad will allow users to deploy meme tokens regardless of their experience, while its bridge will support swaps between Base, Ethereum, and Solana to help them benefit from increased exposure.
They’ve shared a testnet version of the ecosystem’s block explorer with Solaxy’s 65,100-strong community on X (Twitter), which experts from 99Bitcoins call a “major step forward” to improving Solana’s infrastructure by providing users with a real-time, transparent view of each transaction.
Its bridge, integrated development environment, and knowledge base site components are scheduled to be released next, according to the newest update of the presale website.
Anticipating a market-wide rally that would be kick-started by Bitcoin’s soar to $100,000, experts from 99Bitcoins believe SOLX can capitalize on the favorable conditions by entering the market at a perfect time.
Expecting Solaxy to maintain its momentum post-launch, 99Bitcoins are confident that SOLX can grow by 10x, encouraging their audience to enter the presale while the entry point is low.
Here’s How to Buy Before the Price Increases
The Solaxy presale follows a dynamic pricing model, meaning its per-token price increases each time it advances to the next stage by reaching a new milestone or when enough time passes.
Currently, investors can purchase SOLX for $0.001708 each, which is 4.8% lower than its launch price of $0.00179, according to the project’s whitepaper.
To secure the token at a discount, investors can swap their SOL, ETH, USDT, or fiat via the presale website for SOLX. Alternatively, SOLX can be purchased via Best Wallet’s apps, which also accept BNB as a payment method.
Previously, Best Wallet featured Pepe Unchained (PEPU), which released a Layer 2 blockchain for Ethereum and skyrocketed by over 700% just two days after securing its first DEX listing, a success that Solaxy can potentially surpass thanks to Solana’s recent surge in popularity.
Those entering the presale can maximize their investment by adding their tokens to the staking pool. Over 9 billion SOLX have already been staked by investors, which underscores their trust in the project’s long-term success.
Thanks to the project’s 125% staking APY, investors can more than double their token holdings long-term, making this the perfect time to start accumulating and staking SOLX.