New Solana Layer-2 scaling solution Solaxy ($SOLX) raises more than $26 million in ongoing crypto presale

New Solana Layer-2 scaling solution Solaxy ($SOLX) is making headlines throughout the crypto market after raising more than $26 million in its ongoing crypto presale.

New Solana (CRYPTO: SOL) Layer-2 scaling solution Solaxy ($SOLX) is making headlines in the crypto market after raising more than $26 million in its ongoing crypto presale.

This follows a turbulent period for the Solana blockchain, which has seen its ecosystem shrink drastically as traders and developers gravitate toward Ethereum (CRYPTO: ETH) and BNB Chain.

Both chains have a head start in the Web3 revolution, having attracted billions in institutional investment over the past few years, while Solana is still in the early stages of developing its decentralized ecosystem.

However, Solana's lack of scaling solutions has also been a key factor in its struggles to keep pace with Ethereum, especially after the successful launch of several high-performing Layer-2s on the world's second-largest blockchain.

Now, Solaxy is aiming to change the narrative entirely by bringing the same advanced scaling technology to Solana, potentially setting the stage for a complete shift in the crypto landscape.

Here's a closer look at Solaxy, its new Layer-2 and what investors need to know about the ongoing $SOLX token presale.

Could Solaxy Overtake Solana With Its Advanced Scaling Solution?

Solaxy's Layer-2 arrives at a crucial moment for the Solana blockchain. It has seen its spot as the leading smart contract network erode, with both Ethereum and BNB Chain now having a clear edge.

Both chains are displaying strength despite the bear market, while Solana has struggled to maintain momentum despite the introduction of Pump.fun and the thousands of meme coins that are emerging on a daily basis.

However, issues with network congestion and transaction failure have left traders searching for an alternative blockchain to use going forward.

Enter Solaxy, which will be using zero-knowledge rollups to massively increase the transaction processing capacity of the Solana blockchain. The Layer-2 is expected to put an end to network congestion and unleash the full potential of the Solana ecosystem.

At the same time, Solaxy's approach is expected to drastically boost finality speed and reduce transaction fees, which are the same benefits that made Layer-2s the networks of choice on Ethereum.

Some analysts predict that coders could begin abandoning the Solana mainnet in droves to focus on building on the new Layer-2 once they see the difference in speed and capacity.

Plus, hotter new meme coins usually attract more interest from traders, so there could be a mass migration from Solana to Solaxy if the new network starts gaining traction with meme coin creators.

Of course, it's no small feat for a new blockchain to eclipse a chain that's already in the top three and has a value of $67 billion. But, to put things in perspective, Ethereum Layer-2 networks have already racked up nearly $50 billion in total value locked.

Meanwhile, Solaxy will be the only Layer-2 scaling solution available on Solana when it launches, and it's already attracted huge interest from investors with its rapidly selling-out presale.

At the time of writing, the project has raised more than $24 million in less than three months, while also generating buzz among crypto analysts.

For example, Jacob Crypto Bury predicted that the $SOLX token could 10x after it hits exchanges, and he also spoke about how quickly new projects are developing in the crypto space.

"They're making a new Chainlink (CRYPTO: LINK) for this new chain, they're making a new Aave (CRYPTO: AAVE) on this new chain, they're making new projects that we've never even seen before," Bury said.

"It's going to be interesting to see what kind of projects they build on this new chain because they have the opportunity to really push the boundaries of blockchain technology."

Join the $SOLX Token Presale Now

The Solaxy token presale is still ongoing, but it may be nearing the end as tokens sell out.

Investors who want to get their hands on $SOLX before it hits exchanges will need to hurry.

$SOLX is available to buy now for only $0.001662, a generous discount from the planned listing price. In addition, the project is offering staking rewards up to 155% APY, giving early investors a chance to fill their bags with even more tokens ahead of the launch.

During the presale, investors can buy $SOLX with $ETH, $USDT, $BNB, $SOL, or a credit or debit card. The project's smart contract has been audited by Coinsult, providing confidence that Solaxy is legit.

Solaxy is setting up to be one of the most explosive new token launches of the year, so this is an opportunity investors won't want to miss. Be sure to follow Solaxy on X and Telegram to get all the latest updates on the presale and network launch.