Solaxy presale surpasses $4.5 Million, targeting a game-changing Solana Layer 2 Solution
Solaxy raises $4.5M, tackling Solana scalability with Layer 2
Solaxy, a Layer 2 blockchain solution for the Solana network, has raised over $4.5 million in its presale phase, nearing its $5 million target. Launched on December 12, Solaxy aims to tackle Solana's scalability challenges, promising faster and more cost-effective transactions.
With a staking APY of 859%, the project has drawn significant interest from investors, positioning itself as a promising player in the blockchain space.
Solana price dynamics (Nov 2024 - Dec 2024) Source: TradingView.
Momentum Builds for Solaxy Presale
Solaxy has raised $4.5 million in less than two weeks, a feat that outpaces similar projects like Pepe Unchained, which took over a month to reach the same milestone. Currently priced at $0.001576 per token, Solaxy offers an opportunity for early investors to capitalize on its low entry point and high staking returns. If the presale reaches another $273,000, the token price will increase.
This rapid success is partly attributed to Solaxy’s visibility on platforms like Best Wallet, which attracts over 100,000 monthly users. The presale allows purchases using BNB, ETH, USDT, or a bank card, making it accessible to a wide range of investors.
Solaxy tackles Solana congestion with Layer 2 and community-driven growth
As one of the top blockchains by transaction volume, Solana has faced congestion issues during periods of high activity. Solaxy’s Layer 2 solution aims to alleviate these problems by bundling transactions for processing, thereby reducing network strain and costs while retaining Solana's robust security features.
The project also prioritizes community building, with 15% of its token supply dedicated to marketing. Its community has grown rapidly, boasting over 22,000 followers across social media platforms. Solaxy’s presale staking model incentivizes early participation, offering a dynamic APY that rewards initial investors with higher returns. With 10% of its token supply reserved for liquidity, the project ensures a stable trading environment post-launch.
Previously, we analyzed Solana’s ecosystem, highlighting its challenges with network congestion and scalability. Solaxy’s innovative approach aims to address these issues, solidifying its place as a key player in the blockchain space.
