Solaxy (SOLX) is about to launch! Get the scoop on the launch date, mainnet, and how this Layer-2 solution could revolutionize Solana.

Solaxy (SOLX) Launch Imminent: What You Need to Know About Solana's Layer-2 Solution

Solaxy (SOLX) is on the verge of launching, bringing a new Layer-2 scaling solution to the Solana blockchain. With the mainnet launch scheduled for July 7th and the token claim date set for June 23rd, excitement is building. Here's a breakdown of what to expect.

Solaxy's Launch Timeline: A Fast-Paced Rollout

Solaxy is wasting no time in deploying its full tech stack. Key dates to remember:

• June 23: SOLX token claim begins, and the Solana-Ethereum bridge (in collaboration with Hyperlane) goes live.
• June 29: Solaxy Wiki launches, providing a knowledge base for developers and users.
• June 30: Staking unlocks become available for those who staked their tokens.
• July 7: Mainnet launch! This is the big one – Solaxy's Layer-2 chain goes live. Also launching: the Solaxy block explorer and an upgraded Hyperlane bridge enabling direct asset movement between Solaxy and Ethereum.
• July 14: Neptoon, Solaxy's decentralized exchange, is scheduled to launch.
• July 21: The Igniter token launchpad is expected to be deployed.

Why Solaxy Matters: Solana's Scalability Solution

Solaxy's Layer-2 solution is designed to address Solana's scalability limitations. By processing transactions off-chain and settling them back on Solana, Solaxy aims to reduce congestion and improve reliability, especially during peak usage. This "overflow engine" could be a game-changer for Solana, allowing it to handle increased traffic from DeFi, gaming, and real-world applications.

SOLX Token: Utility and Potential

The SOLX token is central to the Solaxy ecosystem. It's used for payments on the Layer-2 chain and may also function as a governance token. If Solaxy successfully offloads traffic from Solana, the utility of SOLX could increase, potentially driving price appreciation. Plus, with a portion of the total supply burned, each remaining token becomes more scarce.

Exchange Listings and the