Solaxy (SOLX) is preparing to enter the meme coin space with a Solana Layer 2 blockchain, which could resolve the issues Solana’s users face during peak traffic hours. Although Solana (SOL) saw a 144% increase over the past year, its network still faces congestion and other issues that make transaction processing slow or even lead to failure.
Following the success of Pepe Unchained (PEPU), which developed a Layer 2 solution to enhance Ethereum’s transaction speed and scalability, Solaxy is now turning heads as it could replicate or surpass PEPU’s 600% soar.
As it prepares for its official launch in February, all eyes are on Solaxy to see if it can live up to the hype and help investors avoid hours-long delays during high-traffic periods.
Solaxy Seeks to Bring Much-Needed Scalability to Solana’s Network
As Solana dominates the monthly and daily user charts, according to token terminal data, users report more transaction issues than ever, especially after the Official Trump (TRUMP) token hit the market.
TRUMP’s launch brought unprecedented attention to Solana’s network, and many investors had to wait several hours to finalize their transactions. Plus, pump.fun, Solana’s meme coin launchpad, processed over $4 billion in trading volume over the past two weeks, putting additional strain on the network.
By bundling multiple transactions into a single package using a system called rollups, SOLX seeks to resolve the issues Solana’s network faces. Solaxy would process the bundled transactions instead of Solana’s Layer 1, but they would still be settled on the main chain to leverage its security.
Improving the speed and stability of transactions on Solana would also result in lower transaction fees, which is excellent news for millions of traders using the chain daily.
With 30% of the project’s total token supply allocated to the upcoming world’s first Solana Layer 2 blockchain, its development is in full swing, and its deployment is scheduled after SOLX hits the market.
Expert Highlights Solaxy’s High Staking Rewards And Explosive Potential
Analyzing Solaxy’s tokenomics shows a clear focus on early adoption and marketing, which are often two deciding factors of a meme coin’s success. With 15% of its total token supply dedicated to marketing, the project already has over 68,000 followers across X (Twitter) and Telegram.
Additionally, staking SOLX offers a 253% APY, allowing investors to passively grow their token holdings long-term. Despite the 3-year vesting period, investors have already locked over 4.5 billion SOLX, reflecting their confidence in the project’s future success.
Besides early adoption, Solaxy is also putting investor security first. The project’s smart contract has been audited by Coinsult, which found no underlying issues in its code, confirming the safety of investor funds.
With its utility, strong fundamentals, and rapidly growing community, meme coin expert Crypto Wire believes Solaxy is a “gem that you don’t want to sleep on.”
Solaxy Presale ($SOLX) Could Be Solana’s Scalability Savior | The Next Layer 2 Solution
He advises his followers to enter the presale to secure their share of SOLX on the ground floor and take advantage of its high staking APY as he expects it to perform well long-term.
Solaxy Raises Over $15 Million As Its Launch Approaches
The SOLX ICO kicked off on December 14th, 2024, and it has already raised $15.6 million as investors rush to add it to their portfolios at a low price. Currently, the token sells for $0.001618 each, but that price will only increase as the presale progresses.
The next price increase is scheduled in just under two days, or if the presale raises another $600,000 before that. Investors can purchase SOLX using BNB, ETH, USDT, or a credit or debit card, with no minimum investment required.
Best Wallet users can also find the token in the wallet’s “Upcoming Tokens” hub, which features vetted presales. By making presales visible to its 100,000+ monthly users, Best Wallet already saw Pepe Unchained and Catslap (SLAP) record massive gains after launch, and Solaxy could be next.
Investing in Solaxy will also make its holders eligible for unique rewards it set aside 25% of its total token supply for, but further details are yet to be announced. Plus, 10% of SOLX is reserved for liquidity, reducing the risk of a rug pull and lowering slippage.
Although meme coins are as volatile as ever, Solaxy’s Layer 2 network and impressive early success could be all it needs to explode on launch.
