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Cryptocurrency News Articles

Solaxy ($SOLX) Is the Next Evolution in Blockchain Technology

Jan 22, 2025 at 05:00 pm

Solaxy ($SOLX) is the next evolution in blockchain technology. And while it's a Layer-2 scaling solution for the Solana blockchain specifically, it's also a bridge between Solana and Ethereum.

Solaxy ($SOLX) Is the Next Evolution in Blockchain Technology

Solaxy ($SOLX) is a Layer-2 scaling solution for the Solana blockchain. It also acts as a bridge between Solana and Ethereum, allowing traders to easily move between networks. This multi-chain compatibility has already proven to be a valuable feature for the community, boosting the $SOLX price as the network grows.

The project has managed to raise $13 million in the presale, with one $SOLX currently priced at $0.001608. Presale buyers can also stake their $SOLX and earn 293% APY in staking rewards. As the price increases, the staking rewards will decrease over time, so it's better to invest and put the coins to work sooner rather than later.

The project has also just added SOL payment, expanding the purchase methods for all potential buyers.

It's worth noting that Donald Trump's inauguration led to surges in Solana-based coins. Following the launch of $TRUMP, $MELANIA, and similar hype coins, Solana experienced congestion issues. Solaxy aims to prevent and solve this problem.

It solves several critical pain points in the Solana ecosystem, including failed transactions, congestion, and high fees, even during a significant increase in traffic. Solaxy does this by moving transactions off the mainnet for processing. And importantly for the holders, all users will need $SOLX to pay transaction fees, leading to an increase in token demand.

Find Solaxy Here

Original source:analyticsinsight

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